Sinai Cement reported a strong financial performance in the first half (H1) of 2024, swinging to consolidated net profits of EGP 651.36 million, a significant turnaround from the net losses of EGP 79.72 million recorded in H1-23. This positive shift was supported by a rise in net sales, which grew to EGP 2.68 billion in...Read More

GB Corp reported consolidated net profits of EGP 1.10 billion for the first half (H1) of 2024, a significant increase from EGP 652.63 million in H1-23. The company’s total revenues also saw a notable rise, reaching EGP 19.18 billion in H1-24, compared to EGP 10.75 billion in the same period last year, according to its...Read More

Orascom Financial Holding (OFH) experienced a significant decline in consolidated net profits after tax, which fell to EGP 3.26 million in the first half (H1) of 2024, down from EGP 42.57 million in H1-23. Despite the drop in profits, the company’s revenues saw a slight increase, reaching EGP 16.22 million in H1-24, up from EGP...Read More

Raya Holding for Financial Investment reported consolidated net profits of EGP 762.13 million in the first half (H1) of 2024, marking a significant increase from EGP 350.39 million in the same period last year. The company’s revenues also saw a substantial rise, reaching EGP 20.08 billion in H1-24, up from EGP 14.51 billion a year...Read More

Misr Cement – Qena reported consolidated net profits of EGP 16.93 million in the first half (H1) of 2024, reflecting a significant decline from EGP 63.68 million in the same period last year. Despite the drop in profits, the company’s revenues saw an increase, rising to EGP 2.29 billion in H1-24, up from EGP 1.90...Read More

Orascom Development Egypt reported consolidated net profits of EGP 942.76 million in the first half (H1) of 2024, down from EGP 1 billion in H1-23. Despite the dip in profits, the company saw its net revenues soar by 64.90% year-on-year (YoY), reaching EGP 10.21 billion in H1-24, compared to EGP 6.19 billion in the previous...Read More

The Egyptian Satellites Company NileSat Reports a net profit of $21.47 million from continuing operations during the first half (H1) of 2024, reflecting an increase from $19.30 million in the same period last year. Despite the profit growth, revenues slightly declined to $50.80 million in H1-24, down from $51.19 million in H1-23, as per the company’s...Read More

The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) worth EGP 5 billion on Monday, 12 August 2024. The bonds have a maturity period of three years, set to mature on 13 August 2027, according to official data. Additionally, the CBE issued floating-rate T-bonds valued at EGP 2 billion through a single tranche, which...Read More

Juhayna Food Industries reported consolidated net profits of EGP 1.48 billion in the first half (H1) of 2024, a 166% increase compared to EGP 556.43 million in H1-23. Net revenues rose by 69% year-on-year (YoY) to EGP 11.47 billion, up from EGP 6.80 billion, according to the company’s consolidated financial results. Earnings per share (EPS)...Read More

Egypt and the UAE have joined forces to establish a $3 billion logistics zone aimed at enhancing trade in the Mediterranean region. The agreement was formalized in New Alamein City, witnessed by Egypt’s Prime Minister, Mostafa Madbouly, during the signing of a memorandum of understanding (MoU) between the two governments. The deal includes plans to...Read More