INSEAD Day 4 - 728x90

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.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Joblessness in Egypt grows 7.5% to 2.2m in 3Q

Workers at a construction site in Egypt.
  • According to the Central Agency for Public Mobilization and Statistics the size of the labor force increased 0.9 percent to 29.4 million from 29.1 million individuals
  • The bulletin attributed the rise of unemployment and labor force to the influx of new graduates during the months of August and September into the labor market

The number of people out of work in Egypt grew 7.5 percent to 2.2 million in the third quarter of 2021, compared to 2.1 million in the second quarter of 2021.

According to the Central Agency for Public Mobilization and Statistics the size of the labor force increased 0.9 percent to 29.4 million from 29.1 million individuals during the previous quarter.

The bulletin attributed the rise of unemployment and labor force to the influx of new graduates during the months of August and September into the labor market.

Agriculture and fishing were the top sectors in terms of employment followed by education, public administration and compulsory social security.