Orascom reports $2.32 billion revenue amid MENA slowdown
Orascom posted $2.32 billion in revenue, a slight decline of 1.92 percent from $2.37 billion in the same period last year.
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Ghabbour family's GB Corp stake declines by $15.6 million in 28 days
The decline follows a previous gain of $12.3 million recorded between Sept. 17 and Oct. 11, when Ghabbour family’s stake rose from $190.39 million to $202.72 million.
Ahmed Ezz’s stake in Ezz Steel nears $840 million
Ezz Steel’s scale positions it as an industry leader, surpassing competitors like Saudi Arabia’s Hadeed and Emirates Steel.
United Bank gears up for landmark IPO on Egyptian Exchange
IPO set to boost market activity, attract investments, and reinforce Egypt’s economic reforms.
Medhat Khalil loses $2.96 million from Raya Holding
Khalil holds a 17.99 percent majority stake in Raya Holding, equivalent to 385,208,477 shares.
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Standard Bank and IFC partner to boost local currency lending across Africa
The deal aims to mitigate currency risks, expand local currency exposure, and facilitate cross-currency swaps and derivatives for businesses across Africa.
Naguib Sawiris unveils new digital news platform targeting emerging markets
Sawiris launches Moniify, a Dubai-based digital platform delivering emerging market business and finance news from a local perspective.
Equity Insurance unit’s nine-month profit surges to $8.26 million, outpaces regional banking subsidiaries
Equity Life Assurance Kenya, a fast-growing subsidiary of Equity Group Holdings, posts a remarkable 181-percent profit increase, signaling robust performance in the insurance sector.
Investec raises dividend despite slight profit drop, targets global growth
Despite a marginal profit decline, Investec Group reinforces its commitment to shareholders and international expansion, signaling confidence in its strategic vision.