SCZONE inks $130M contract with China’s EVERFAR for textile plant in Qantara West
The General Authority of the Suez Canal Economic Zone (SCZONE) has signed a contract with China’s textiles firm EVERFAR to establish EVERFAR Textile Egypt LLC in the Qantara West Industrial Zone with ...
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North Lotus well adds 3,100 barrels of oil equivalent per day in Western Desert
Updated 5h44mEGX ends Wednesday’s trading session higher
Updated 6h20mSignify Egypt, Contrack sign MoU on smart lighting solutions
Updated 7h21mGlobal Corp wraps up EGP 4.91B securitization for leasing, mortgage finance
Updated 8h54mICID records 73.7% YoY higher profits in H1 2025
Updated 9h12mPALM secures FRA license, launches Egypt’s 1st goal-based investment platform
Updated 10h16mKima’s net profits shrink 60.5% YoY in FY2024/25
Updated 11h44mAspire Capital’s consolidated profits jump 45.8% YoY in Q1 2025
Updated 11h56mEast Nile monorail to open in November
Updated 12h15mOrascom Construction reports consolidated backlog of $9.6B in H1 2025
Updated 12h47m
EGX ends Wednesday’s trading session higher
The Egyptian Exchange (EGX) closed Wednesday’s trading session with collective gains, after the EGX30 index climbed by 0.90% to 35,676.19 points.
USD/EGP exchange rates slightly up on Wednesday
The exchange rate between the USD and the EGP edged up on Wednesday, recording EGP 48.59 for buying and EGP 48.69 for selling at the National Bank of Egypt (NBE) and Banque Misr.
ICID records 73.7% YoY higher profits in H1 2025
International Company for Investment and Development (ICID) generated 73.76% higher net profits attributable to the parent company at EGP 9.835 million in the first half (H1) of 2025
East Nile monorail to open in November
The East Nile Monorail is scheduled to open in November 2025, President Abdel Fattah El-Sisi confirmed during a meeting with Prime Minister Mostafa Madbouly and Ministry of Transport Kamel El-Wazir.
