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Heba Salama, CEO of the Common Market for Eastern and Southern Africa (COMESA) Regional Investment Agency, highlighted the strong growth of foreign direct investment (FDI) into COMESA member states, underscoring the region’s rising attractiveness as a global investment destination. Speaking at the opening session of the second COMESA Investment Forum…

Majid Al Futtaim reported record financial results for the full year 2025, driven by strong operational performance, disciplined capital management, and sustained demand across its core businesses. The group delivered double-digit growth in profitability and strengthened its balance sheet to the healthiest position in over a decade. In December 2025,…

Arab African International Bank (AAIB) reported strong financial results for 2025, achieving solid profitability and significant balance sheet expansion despite a gradually easing interest rate environment, as it concluded a far-reaching institutional turnaround. Tamer Waheed, Vice-Chairperson and Managing Director, said the bank had completed one of its most significant transformations…

Amid mounting financing needs and dwindling concessional resources, Islamic finance is gaining ground across Africa. Backed in part by Gulf-based actors, it nonetheless reflects very different realities, ranging from commercial banks embedded in local economies to development institutions focused on sovereign borrowers and public policy. Commercial Islamic banks: what exactly…

Talaat Moustafa Group (TMG) Holding has been ranked as the largest listed real estate developer in Egypt for 2026 by Forbes Middle East, following a year of increased market valuation and regional project expansion. The ranking, part of Forbes’ list of the top 50 companies in Egypt by market value,…

The Ordinary General Assembly of Commercial International Bank (CIB) has approved the continuation of Hisham Ezz El-Arab as the bank’s Chief Executive Officer for a new three-year term, running from March 2026 until March 2029. The assembly also approved the formation of the Board of Directors for the new term,…

Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said the agency has directed 45% of its total financing between July 2014 and December 2025 to projects owned or managed by women, amounting to EGP 18.7bn. According to Rahmy, the financing supported around 934,000 projects across…

Egypt’s Health Minister Khaled Abdel Ghaffar discussed cooperation with Russia’s Dmitry Rogachev National Medical Research Center on childhood cancer treatment during a visit to Moscow.   The Egyptian health ministry said the meeting, held on the sidelines of the Healthy Life Forum in Russia, aimed to exchange expertise between the two countries…