Egypt: Themar unveils $0.0009/share dividend for H2 2024

Arab Finance: The Egyptian Arabian Company for Securities and Bonds Brokerage (Themar) will pay cash dividends worth EGP 0.05 per share to shareholders for the second half (H2) of 2024, according to a bourse filing. The last entitlement and payment dates …

Egypt: Bokra concludes $59mln Mudarabah Sukuk issuance for Aman Holding's arm

Arab Finance: Bokra, a Sharia-compliant investment and financing company, has completed an EGP 3 billion Mudarabah Sukuk issuance for Aman Holding’s Aman Business Finance, as per an emailed press release. The offering holds a tenor of 84 months starting …

Egypt expects tourism surge as Grand Egyptian Museum opens

Dust storms, unstable weather expected across Egypt on Tuesday: EMA

The Egyptian Meteorological Authority (EMA) predicts moderately hot weather during the day across most parts of the country on Tuesday, growing extremely hot in southern Upper Egypt. The weather at night will be moderate to cold in the early morning. As …

Egypt: Memphis posts 125.9% YoY higher profits in 9 months

Arab Finance: Memphis Pharmaceutical recorded 125.9% year-on-year (YoY) higher net profits after tax at EGP 375.756 million in the first nine months of fiscal year (FY) 2024/25, the financial indicators showed. The recorded net profits were compared …

Team Ghana departs to Egypt ahead of Africa Junior Swimming Championship 

By: Kwame Bediako  Team Ghana’s Junior Swimming squad has departed for Egypt to compete in the 16th Africa Junior Swimming Championships, set for April 30 to May 3, 2025, at the Cairo International Stadium. The team is captained by Oduma Agyei and features …

Egypt: BIG registers 1,760% YoY higher losses in 2024

Arab Finance: Barbary Investment Group (BIG) suffered 1,760% year-on-year (YoY) higher consolidated losses at EGP 57.275 million in 2024, compared to EGP 3.077 million, according to the financial results. Loss per share increased to EGP 1.652 last year …

Egypt – Walid Harfouch and Naguib Sawiris reunited in El Gouna for an exceptional wedding

This Friday, El Gouna, a seaside jewel on the Red Sea, once again served as the setting for an exceptional event: the wedding of Rabih Mokbel and RawanIn this heavenly setting popular with the international jet set, the ceremony brought together several …

20,000-year-old labyrinth with 3,000 rooms lies under Egypt pyramid, centuries-old claim resurfaces

There is a massive structure hiding under a pyramid in Egypt that is like a labyrinth comprising 3,000 rooms and several passageways. This claim was made in a 2023 paper titled "The Labyrinth, The Colossi, And The Lake". Authors say they have …

ASPECT debuts in Egypt with $295mln Jade and Blue project in New Cairo

ASPECT has announced its entry into Egypt’s real estate market with the launch of its first residential development, Jade and Blue, located in New Cairo’s Fifth Settlement near the American University in Cairo. Ahmed Awadallah, CEO of ASPECT and Chairman …