Egypt to add 2,500-MW of renewable energy to national grid by next summer
Egypt is planning to add 2,500 megawatts (MW) of renewable energy capacity to its national electricity grid before next summer, said Spokesman for the Presidency Mohamed El-Shennawy.
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EGX closes Wednesday on varied note
The Egyptian Exchange (EGX) closed Wednesday’s session with a varied performance, as the EGX30 index fell by 0.59% to 46,452.14 points.
Fawry’s consolidated profits hike 79.8% in 2025
Fawry for Banking Technology and Electronic Payment (FWRY) logged consolidated net profits after tax and non-controlling interest worth EGP 2.889 billion in 2025, an annual rise of 79.83% from EGP 1.606 billion, as per the financial results.
Orascom Development’s consolidated profits rise 78.5% YoY in 2025
Orascom Development Egypt (ORHD) posted a 78.53% climb in its consolidated net profits after minority interest, recording EGP 5.549 billion during 2025, compared to EGP 3.108 billion in 2024.
Navigation through Suez Canal uninterrupted amid regional unrest: Rabie
Osama Rabie, Chairman of the Suez Canal Authority (SCA), confirmed that navigation through the Suez Canal is operating normally in both directions despite regional tensions.
