Contact Financial Holding Reports Robust 71% Profit Surge for Q3 2024, Financial Portfolio Reaches EGP 20.8 Billion
Contact Financial Holding, Egypt’s leading non-bank financial services provider, announced consolidated financial results for the third quarter of 2024, showing a substantial year-on-year profit increase of 71%. This strong growth underscores Contact’s effective operational strategy, focused on innovation and responsiveness
PM witnesses El Nasr Automotive relaunch
Egypt’s Prime Minister Mostafa Madbouly attended, on Saturday, the relaunch ceremony of El Nasr Automotive Manufacturing Company (NASR), affiliated to the Ministry of Public Enterprises Sector, after a 15-year hiatus. He also inspected the company’s ongoing development efforts. Managing Director
Egypt’s textile, garment exports to surge to $1.4bn by 2025: Apparel Council
Textile exports have seen a significant increase in recent years, reaching $1.2bn in 2023, marking a 5% growth, according to Hani Salam, Chairperson of Apparel Export Council of Egypt. Salam said that the council aims to raise the sector’s exports
Egypt’s Deputy Prime Minister participates in Africa CDC high-level roundtable
Egypt’s Deputy Prime Minister for Human Development and Minister of Health and Population, Khaled Abdel-Ghaffar, participated in a high-level ministerial roundtable on antimicrobial resistance (AMR) and infectious disease preparedness and response, organised by the Africa Centres for Disease Control and
Suez Canal Bank’s net profits grow 130% to EGP 3.1bn in September 2024
Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, has stated that the bank’s net profits increased to EGP 3.1bn in September 2024, compared to EGP 1.4bn in September 2023. The growth rate was 130%, supported by a
Pakistan Stock Exchange surpasses 93,000 points, signalling economic optimism
The Pakistan Stock Exchange (PSX) 100 Index has crossed the 93,000-point mark, marking a new milestone for the country’s economic prospects. The surge in the index reflects growing investor confidence and a positive outlook for Pakistan’s economic future. The PSX
ESLSCA University Launches Executive Education Summit
ESLSCA University has announced the organization of the summit “Executive Education: Your Gateway to Leadership Excellence,” to be held over two days on November 23 and 24. In a statement, ESLSCA University emphasized that excelling in today’s fast-paced business world
Egypt’s new tax facilitation package includes development of Advance Ruling System: ETA chief
Rasha Abdel Aal, the chairperson of the Egyptian Tax Authority, has noted that the new tax facilitation package is part of ongoing efforts by the Minister of Finance and the Tax Authority to boost transparency and provide comprehensive support to
Egypt’s Petroleum Minister meets Aton Resources to discuss gold exploration
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with a delegation from the Canadian Aton Resources company, led by the company’s CEO, Tonno Vahk, on Wednesday. The meeting focused on the company’s gold exploration and prospecting efforts in
Kuwaiti Urbnlanes Developments launches 46-Feddan NOI Residence in New Cairo
Kuwaiti real estate developer Urbnlanes Developments has launched its latest residential project, NOI Residence, in New Cairo, spanning over 46 feddans. The project, inspired by Voronoi Architecture and the balance of nature, features a built-up area of 18% and an