Amer Group Holding (AMER) achieved a consolidated net profit of EGP 95.56 million during the first nine months of 2021, compared to EGP 12.63 million in the corresponding period of 2020.
Telecom Egypt (ETEL) achieved a consolidated net profit of EGP 6.09 million during the first nine months of 2021, compared to EGP 3.53 million in the same period of 2020.
Over the last two years, consumers have grown accustomed to buying items from the comfort of their own homes, a change spurred largely by strict lockdowns and restrictions on movement...Many analysts agree that this shift in consumer behavior has propelled the e-commerce industry forward by at least five years!!
The National Bank of Kuwait-Egypt (NBKE) announced that it has signed an EGP 850 million financing deal with Madkour for Projects Company replacing and upgrading medium and low voltage electricity networks in some villages of Markaz Esna and Markaz Armant in Luxor Governorate.
The bank agrees a deal to pay four regulators a $475m settlement after it was found to have sucked Mozambique into more than £940million of debt in 2013.
Finnish food delivery service Wolt will merge with US competitor DoorDash in a deal worth €7 billion. The deal is one of the largest in Finland's history, outstripping Microsoft’s 2013 acquisition of the phonemaker Nokia in a deal valued at €5.4 billion.
AstraZeneca made a commitment to sell the shot developed with Oxford University at cost during the pandemic and now it wants to earn a modest profit from its coronavirus vaccine.
The Egyptian government announced a package of measures to make the Egyptian Exchange (EGX) more attractive for both investors and companies. The package includes EGX tax cuts and free reductions.
Collection of VAT, long the preserve of the federal government, is being challenged by wealthier states who say they receive a paltry amount of the revenues they raise.
The benchmark FTSE/JSE Africa All Share Index rose 1.1% to a record 69,906.47 as of 13h00 in Johannesburg. Richemont, the largest stock in the index, soared as much as 10%.
Dubai’s aggressive moves to grab a piece of the red hot Middle Eastern IPO market have helped double the value of its exchange operator over two weeks.
The first bitcoin upgrade in four years is called Taproot, and it just activated. The Taproot update means greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart contracts, which can be used to eliminate middlemen from transactions.
Nigeria has become the first country in Africa to launch its own central bank digital currency. CBDCs differ from cryptocurrencies in being regulated and therefore subject to banking laws.
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