Egypt focuses on water cooperation with African nations

Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, has convened a meeting on Saturday to assess the progress of the Nile Water Affairs Sector, with a particular focus on bilateral cooperation with international water organisations. Discussions also encompassed ongoing collaborative projects with Nile Basin and African countries. Sweilem addressed…

ADIB opens 72nd branch at Mall of Egypt

Abu Dhabi Islamic Bank – Egypt (ADIB) has opened its 72nd branch inside Mall of Egypt, further expanding its network across Egypt. This new branch is part of the bank’s comprehensive strategy for growth and development, aimed at offering integrated and innovative banking services that align with Islamic Sharia principles…

Suez Canal Bank increases issued capital to EGP 6.5bn

Suez Canal Bank has announced an increase in its issued capital from EGP 5bn to EGP 6.5bn, marking a rise of EGP 1.5bn. The capital boost is funded by the bank’s shareholders’ share of profits for the fiscal year ending December 31, 2023. This decision follows the approval of the…

Banque Misr reports EGP 93.3bn pre-tax profits in 9M 2024

Banque Misr has posted pre-tax profits of EGP 93.345bn for the first nine months of 2024, marking a significant increase from EGP 59.305bn in the same period last year. According to the bank’s financial report, net profits after taxes reached EGP 60.457bn in September 2024, up from EGP 39.240bn in…
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