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SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

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.