INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Former Egypt Prime Minister Sherif Ismail dies at 67

Former Egyptian prime minister Sherif Ismail.
  • Ismail was sworn in as prime minister in 2015 before resigning in 2018 as Sisi began his second presidential term
  • He oversaw a period of tough economic reforms that in late 2016 saw a steep currency devaluation

Cairo, Egypt– Former Egyptian prime minister Sherif Ismail, who served during President Abdel Fattah al-Sisi’s first term in office, died Saturday at the age of 67.

“I mourn with deep sorrow a virtuous man among Egypt’s best, a man in whom the nation’s conscience was embodied, the former prime minister, the honorable Dr. Sherif Ismail,” the president wrote on Facebook Saturday.

Ismail was sworn in as prime minister in 2015 before resigning in 2018 as Sisi began his second presidential term, after a landslide victory against one of his supporters.

According to Sisi, Ismail “assumed responsibility in the most difficult of circumstances and the hardest of times”.

Ismail oversaw a period of tough economic reforms that in late 2016 saw a steep currency devaluation followed by subsidy cuts tied to a $12 billion loan from the International Monetary Fund.

Former housing minister Mostafa Madbouli has served as prime minister since 2018, himself overseeing further economic reforms, another IMF loan and a steep currency devaluation over the past year.