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Arcius to Expand Regional Gas Footprint with Acquisition of Egypt’s Harmattan Field in the Eastern Mediterranean
Development includes drilling up to three wells, installation of a fixed offshore platform and construction of 50-kilometer pipeline Arcius is a joint venture between bp and XRG launched in December 2024 combining the pair’s deep technical capabilities and proven development track records to grow a highly competitive gas portfolio Strategic acquisition for Arcius as it starts to deliver on its…
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Madinet Masr Reports EGP 36.3 Bn in New Sales, 112% Increase in Deliveries in 9 Months, and Over EGP 2 Bn in Reservations
Madinet Masr (EGX code: MASR.CA), one of Egypt’s leading real estate developers, reported a strong performance during the first nine months of 2025, achieving new sales of EGP 36.3 billion with reservations exceeding EGP 2 billion. These figures underscore the company’s growing performance, the strength of its financial position, and the success of its expansion strategy aimed at developing its…
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A new dawn for industry with over 1,000 clean projects in development worldwide, setting the stage for near-term acceleration
● 70 new projects worth $140 billion of investment set to be shovel-ready in coming months, identified by Industrial Transition Accelerator and Mission Possible Partnership ● Strong growth in financed projects: 19 plants have secured funding so far this year with 12 based in China ● New evidence confirms clean chemicals and fuels markets are advancing, driven by existing and…
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EFG Hermes Advises EKH on the Sale of Delta Insurance to Wafa Assurance
EFG Hermes, an EFG Holding company and the leading Investment Bank in the Middle East and North Africa(MENA), announced today that it acted as sole financial advisor to Egypt Kuwait Holding (EKH), the majority holder of Delta Insurance Company, on the EGP 5.0 billion mandatory tender offer (MTO) by Wafa Assurance to acquire up to 100% of Delta Insurance. Wafa…
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Emirates NBD Egypt Achieves Net Profit of EGP 4.3 bn by End of September 2025
Emirates NBD Egypt, one of the largest banks operating in the Egyptian banking sector, announced strong growth in its financial performance for the period ended September 30, 2025. The bank achieved net profit of EGP 4.3 bn during the first nine months of 2025, compared to EGP 4 bn during the same period of 2024, reflecting a growth rate of…
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EFG Holding Announces the Successful Completion of an EGP 4.2 Billion Capital Increase at Bank NXT with Full Shareholder Participation and Strong Operating Momentum
EFG Holding today announced the successful completion of a capital increase at Bank NXT, executed at par value with full participation from all shareholders. The total capital increase amounted to EGP 4.2 billion, to which EFG Holding contributed EGP 2.143 billion. EFG Holding will maintain its 51% stake following the capital increase, preserving majority ownership.This will bring the bank’s book…
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Valu Unveils End-to-End In-App Checkout on Shop’IT Ahead of Valu Friday Campaign Offers
Valu, the leading financial technology powerhouse in Egypt, has rolled out a full in-app checkout on Shop’IT, following the marketplace launch earlier this year. The update lets Valu users browse, shop, and pay for products directly within the Valu app using their limit, creating a unified shopping journey on a single platform. The new feature delivers an end-to-end in-app checkout…
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EFG Hermes Concludes Advisory on the Accelerated Bookbuild (ABB) of Misr Fertilizers Production Company (MOPCO) Shares for EGP 2.45 Billion, Reviving Interest in Secondary Offering in the Market
EFG Hermes, an EFG Holding company and the leading investment bank in MENA, announced today the successful conclusion of its advisory role on the Accelerated Bookbuild (ABB) sale in Misr Fertilizers Production Company (MOPCO),marking one of the most notable secondary equity transactions in Egypt this year and signaling a renewed pickup in investor confidence and market liquidity. EFG Hermes acted…
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Emirates NBD Group strengthens regional partnership with El Sewedy Electric group by extending EGP 20 billion in credit facilities to finance the Group’s strategic growth across Egypt, KSA, and the UAE
Emirates NBD Group, the leading banking group in the Middle East, North Africa, and Türkiye (MENAT), announced the signing of a credit facility agreement with Elsewedy Electric Group worth over EGP 20 billion. The facility aims to support the Group’s expansion plans across Egypt, the Kingdom of Saudi Arabia, and the United Arab Emirates, reaffirming Emirates NBD’s commitment to supporting…
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Madinet Masr Announces “Elm Tree Park” in Sarai with EGP 20 Billion Total Sales and Felxible Payment Plans Supporting Egypt’s Real Estate Growth
Madinet Masr (EGX code: MASR.CA), one of Egypt’s leading urban community developers, has announced the launch of “Elm Tree Park”, the newest project to its flagship development “Sarai”, with total investments amounting to EGP 11 billion. Strategically located near the New Administrative Capital, the launch aligns with the company’s growth and expansion strategy, which aims to develop its robust land…
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