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EFG Hermes Successfully Concludes Advisory as Listing and Financial Advisor to Orascom Construction on its Listing on ADX
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, announced today that it has successfully concluded advisory for its role as listing and financial advisor to Orascom Construction PLC on its listing on the Abu Dhabi Securities Exchange (ADX). The trading of Orascom Construction’s shares commenced today on ADX under the ticker “ORAS” with a market capitalization of USD 905 million. Orascom Construction’s secondary listing on the Egyptian…
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2B Expands Regionally with Morocco Opening, Reinforces Commitment to Egypt Market
– 2B, the leading technology and IT solutions provider, has officially opened its first store in Casablanca, Morocco. The launch marks a major step in the company’s regional expansion and its mission to deliver world-class technology solutions across North Africa. The new Moroccan branch will offer customers the latest electronics and IT products, supported by expert advice, in-store availability, and the convenience of online browsing. With this opening, 2B continues to strengthen its presence in the region and expand opportunities…
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Al Ahli Bank of Kuwait-Egypt collaborates with Egyptian Food Bank to support farmers & their families in Al Minya Governorate
With an innate understanding of the crucial impact of corporate citizenship in the development of local communities and in line with the Bank’s Corporate Social Responsibility (CSR) agenda, Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) partners with the Egyptian Food Bank to support Egyptian farmers and their families in Al Minya Governorate. This partnership comes as part of the Bank’s ongoing efforts to support Egyptian families and serve the most vulnerable communities through securing food supply to alleviate hunger. ABK-Egypt…
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EFG Holding Preserves Growth Momentum, Demonstrating Resilient Performance in the Second Quarter Results of 2025
EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), announced today its results for the second quarter of 2025. The Group’s revenues recorded a 21% Y-o-Y increase to reach EGP 6.1 billion, driven by strong results across all business lines, particularly EFG Finance, its non-bank financial institutions (NBFI) platform, and Bank NXT, its commercial bank. The Group’s total operating expenses (including provisions &…
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Egypt’s Economic Outlook Remains Resilient Amid Global Headwinds, Says Standard Chartered
Amidst global shifts particularly in the United States, China and the Euro-area, Egypt’s economic outlook remains robust, characterised by sustained macroeconomic stability, according to Standard Chartered’s (“the Bank”) latest report, Global Focus – Economic Outlook H2-2025. Strong foreign exchange inflows from portfolio investments and official sectors are bolstering confidence in the Egyptian pound (EGP). Significant investment pledges from Qatar and Kuwait, totaling USD 12.5 billion, are expected to be at least 50% disbursed by year-end. Despite the Central…
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Fawry partners with FORSA to Provide “Buy Now, Pay Later” Services Through Its POS Machines
Fawry affirms its commitment to delivering innovative and comprehensive solutions that support the growth of the digital economy and enable diverse segments to access Seamless and secure financial services. Fawry, Egypt’s leading fintech company, announced a new strategic partnership with FORSA, a subsidiary of Drive Finance, one of the companies under GB Capital—the financial arm of GB Corp. This step aligns with Egypt’s Vision 2030 for building an integrated and sustainable digital economy, reflecting Fawry’s strategy to enhance…
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EFG Hermes Advises MDP on a New Investment Led by Lorax Capital Partners
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its Investment Banking division has successfully concluded a landmark sell-side advisory role, marking the exit of a consortium led by AfricInvest from Masria Digital Payments (MDP), the region’s leading payments technology infrastructure provider. The transaction marks the complete exit of AfricInvest from MDP through the sale of their stake to a distinguished investor consortium led by Lorax Capital…
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ITIDA Welcomes New Cohort of Tech Startups and Launches Digital Perks Platform under its Flagship Start IT Program
The Technology Innovation and Entrepreneurship Center (TIEC), of the Information Technology Industry Development Agency (ITIDA), has welcomed a new cohort of tech startups under the 47th round of its flagship incubation program, Start IT. The program is part of ITIDA’s broader mission to empower youth, promote innovation, and accelerate the growth of early-stage technology ventures across Egypt. Start IT targets aspiring entrepreneurs with ICT-driven ideas, solutions, or prototypes and helps them build scalable, investment-ready startups. The latest cohort intake reflects…
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The Arab African International Bank (AAIB) Expands its Footprint With the opening of New Palm Hills
As part of its ongoing expansion strategy, the Arab African International Bank has opened a new branch in Palm Hills – Golf Central mall, located in 6th of October City. With this addition, the bank’s branch network now totals 98 locations across Egypt, enhancing its geographic reach and bringing it even closer to clients to better meet their evolving needs.
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Iconic All-new Nissan Patrol Unveiled in Africa and Egypt to Set New Standards for Power and Luxury among SUVs
Nissan launched the seventh generation of the legendary Nissan Patrol at a ceremony held today on Egypt’s North Coast, a stunning stretch along the Mediterranean Sea. The all-new Nissan Patrol embodies a new chapter in Nissan’s SUV design, with a distinctive look that balances superior capability with sophistication and luxury. Combining a rich heritage of over 70 years of excellence with advanced aesthetics, the latest model is a textbook interpretation of Nissan’s global design philosophy that is rooted in the…
