The board of the General Authority for the Suez Canal Economic Zone (SCZONE) approved five new projects in the textiles, clothing, and logistics sectors, with a total investment of $155 million

North Cairo Mills Company posted 9.01% year-on-year (YoY) lower net profits after tax at EGP 64.184 million in the fiscal year (FY) 2024/2025, versus EGP 70.544 million

Egyptian Chemical Industries (Kima) recorded net profits after tax valued at EGP 999.977 million in the fiscal year (FY) 2024/2025, lower by 60.59% year-on-year (YoY) than EGP 2.537 billion

Middle and West Delta Flour Mills approved a dividend distribution of EGP 36 per share for the fiscal year (FY) 2024/2025

Suez Canal activity dropped by 23.1% year on year in the third quarter (Q3) of fiscal year (FY) 2024/2025.

The Egyptian House of Representatives has given its final approval to an additional appropriation of EGP 85 billion for the fiscal year (FY) 2024/2025 budget.

The House of Representatives has officially approved the draft economic and social development plan for the fiscal year (FY) 2025/2026 during a plenary session chaired by Hanafi Gebaly.

Egyptian Chemical Industries (Kima) generated 693.56% year-on-year (YoY) higher net profits after tax at EGP 811.655 million in the first nine months of fiscal year (FY) 2024/2025

Egyptian Media Production City (EMPC) logged consolidated net profit amounting to EGP 801.400 million

HD Bank generated 89.9% year-on-year (YoY) higher net profits after tax at EGP 12.454 billion in 2024

El Arabia for Land Reclamation turned profitable at EGP 3.047 million in the first half (H1) of fiscal year (FY) 2024/25

Egypt’s real gross domestic product (GDP) is predicted to hit 4.2% in the current fiscal year (FY) 2022/2023, compared to a growth rate of 6.6% in the previous FY, according to the Ministry of Finance’s draft budget report.

General Company for Land Reclamation, Development, and Reconstruction (AALR) achieved net profits after tax of EGP 3.02 million in the first half (H1) of fiscal year (FY) 2022/2023, versus net losses of EGP 31.62 million in the FY-ago period, according to financial indicators filed to the Egyptian Exchange (EGX) on January 31st.

Misr Oils and Soap Company (MOSC) achieved net profits after tax of EGP 492,000 during the first half (H1) of the current fiscal year (FY) 2022/2023, versus net losses of EGP 2.50 million in the comparable period a FY earlier, according to the unaudited financial indicators filed to the Egyptian Exchange (EGX) on February 1st.

Extracted Oils and Derivatives Company’s (ZEOT) net profits after tax declined 86.5% year-on-year (YoY) in the first half of fiscal year (FY) 2022/2023 to EGP 3.216 million from EGP 28.830 million, according to a filing to the Egyptian Exchange (EGX) on February 1st.

The International Monetary Fund (IMF) has downgraded its forecast for Egypt’s real gross domestic product (GDP) for fiscal year (FY) 2022/2023 to 4% from its previous projection of 4.4%, according to the IMF’s World Economic Update report for January.

AXA Egypt is targeting achieving a growth rate of 30% in its premium portfolio for fiscal year (FY) 2022/2023, according to an emailed press release to Arab finance on January 12th.

Arab Company for Land Reclamation (Arclam) (EALR) recorded a net loss of EGP 4.855 million after tax for the period ended December 31st, 2022, according to the unaudited financial statement sent to Egyptian Exchange (EGX) on Tuesday.