INSEAD Day 4 - 728x90

Cairo

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.
  • Arab bloc says no peace without a Palestinian state and end to ‘hostile’ Israel actions

    The League said that "the failure to reach a just solution to the Palestinian cause and the hostile practices of the occupying power" remain major obstacles to "peaceful coexistence" in the region.
  • In Cairo, the little indie cinema that could

    Cairo, Egypt - In the heart of Cairo, a small cinema has for over a decade offered a unique space for independent film in a country whose industry is largely dominated by commercial considerations. Zawya, meaning "perspective" in Arabic, has weathered the storm of Egypt's economic upheavals, championing a more...
  • Egypt unveils plan for new desert city in latest megaproject

    The new city, named Jirian meaning "Flow" in Arabic, is part of Egypt's Nile Delta scheme, a massive agricultural initiative aiming to reclaim about 2.5 million acres west of the original Nile Delta.
  • Egypt central bank lowers interest rate for first time since 2020

    Egypt's central bank on Thursday announced that it was lowering interest rates for the first time since 2020, days after the government announced a reduction in fuel subsidies.
  • Muslim nations meet in Jeddah to unite against Trump’s controversial Gaza takeover proposal.

    Trump's plan has already united Arab countries in opposition, with Saudi Arabia also hosting Arab leaders two weeks ago to discuss alternatives.
  • Arab leaders propose Gaza reconstruction under Palestinian Authority, reject Trump’s takeover plan

    The prospect of the Palestinian Authority (PA) governing Gaza remains far from certain, however, with Israel having ruled out any future role for the body, and Trump having closed the Palestine Liberation Organization (PLO) liaison office in Washington during his first term while stepping up support for Israel.
  • Mediators hope for end to conflict as next phase of Gaza ceasefire talks in Cairo begins

    Mediator Egypt say Israeli, Qatari and US delegations were already in Cairo for "intensive" talks on the next stage of the ceasefire, after a first phase only reached following months of grueling negotiations.
  • Egypt’s middle class cuts costs as IMF-backed reforms take hold

    Cairo, Egypt -- Egypt's economy has been in crisis for years, but as the latest round of International Monetary Fund-backed reforms bites, much of the country's middle class has found itself struggling to afford goods once considered basics. The world lender has long backed measures in Egypt including a liberal currency...
  • Qatar halts Gaza mediation efforts amid stalled talks on ceasefire and hostage release

    The Gulf emirate, which has hosted Hamas's political leadership since 2012 with US blessing, has been involved in months of protracted diplomacy aimed at ending the 13-month old war that has killed 43,552 people in Gaza.
  • Hamas weakened, not crushed a year into war with Israel

    The Palestinian group has not been crushed outright, and a year on from its unprecedented attack on Israel, an end to its hold over Gaza remains elusive. Hamas sparked the Gaza war by sending hundreds of fighters across the border into Israel on October 7, 2023, to attack communities in...
  • Egypt says will not accept Israeli force on its Gaza border: state-linked media

    Cairo, a key mediator in efforts to secure a ceasefire between Israel and Hamas in Gaza, "reiterated to all parties that it will not accept any Israeli presence" along the strategic Philadelphi Corridor, state-linked Al-Qahera News said, citing a high-level source.
  • European Union chief in Egypt for joint investment conference

    "At this conference, European companies are signing over 20 new deals ... which are worth over 40 billion euros," Ursula von der Leyen said at the meeting in the Egyptian capital. The conference comes after a $7.9 billion EU funding package was signed in March to support the indebted North...
  • Egypt to prosecute travel agents over hajj ‘fraud’: government

    Cairo, Egypt - Egyptian Prime Minister Mostafa Madbouly ordered 16 tourism companies stripped of their licences and referred their managers to the public prosecutor Saturday over illegal pilgrimages to Mecca, the cabinet said. The order came after countries whose citizens performed this year's hajj reported more than 1,100 deaths, many attributed...
  • Egypt hikes subsidized bread price for first time in decades

    Cairo, Egypt - Egypt's cabinet decided Wednesday to raise the price of subsidized bread for the first time in 30 years, Prime Minister Mostafa Madbouly said. The price of a loaf, long set at five piastres ($0.001), would quadruple to 20 piastres ($0.004) from June 1, Madbouly told a news conference....
  • Egypt military says guard killed in ‘shooting’ at Rafah border

    Al-Qahera News, which has links to Egyptian intelligence, quoted a defence official as saying an initial probe of the shooting incident indicated that Israeli troops and Palestinian fighters had exchanged fire, "which led to shooting in several directions".
  • Hamas says delegation heading to Cairo for truce talks

    The hawkish prime minister has insisted he will send ground troops into Rafah, despite strong concerns voiced by UN agencies and ally Washington for the safety of the 1.2 million civilians inside the city. A top Hamas official accused Netanyahu on Friday of trying to derail a proposed Gaza truce...
  • Hopes rise for possible truce deal between Israel and Hamas

    Jerusalem, Undefined - Hopes rose on Monday for a long-sought-after truce and hostage release deal after almost seven months of war in Gaza between Palestinian Hamas fighters and Israel. Washington's top diplomat said he was "hopeful" Hamas would accept the offer, which his British counterpart said could see the release of...
  • Hamas leader’s family killed in Gaza strike as truce talks drag on

    The strike came as talks in Cairo aimed at a ceasefire and a hostage release deal dragged on without signs of a breakthrough. Speaking to Al Jazeera, Haniyeh, who is based in Qatar, suggested the strike was an attempt to shift Hamas's negotiating stance, but insisted it would not work.
  • Air Arabia Egypt marks its first flight to Istanbul

    CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen International Airport in Istanbul, Turkey. Upon arrival at Sabiha Gökçen International Airport, the flight was greeted with a traditional water cannon salute and a welcome ceremony, a press release said....
  • Hamas to stick on truce conditions amid renewed Cairo talks

    "The demands ... are complete ceasefire, withdrawal of the occupation forces from Gaza, the return of the displaced to their residential areas, freedom of movement of the people, offering them aid, shelter, and a serious hostage exchange deal," Hamas said. Its insistence came as US President Joe Biden urged an...
  • Sisi sworn in as Egypt’s President for third successive term

    In power for the past decade, Sisi is set to remain president until 2030, after winning a December election with 89.6 percent of the vote against three relative unknowns. The six-year term is set to be the 69-year-old's last, unless he again ushers through a constitutional amendment prolonging his tenure.
  • Hamas undecided on sending delegation to new truce talks: Official

    The official said the gap between the two sides' negotiating positions was too wide. "I doubt that there will be any progress in these negotiations because the positions are too far apart," said the official.
  • Israel’s Netanyahu approves new Gaza ceasefire talks

    The go-ahead for a new round of talks on a Gaza ceasefire came a day after the world's top court ordered Israel to ensure aid reaches desperate civilians. But despite a binding UN Security Council resolution earlier this week demanding an "immediate ceasefire", fighting raged on unabated in Gaza.
  • UAE and Egypt presidents hold discussions in Cairo to boost ties

    Cairo, Egypt-- UAE's President Sheikh Mohamed bin Zayed Al Nahyan and his counterpart from Egypt Abdel Fattah El-Sisi met in Cairo to discuss the close bonds between the two countries and ways to expand them further. The two leaders explored opportunities for further collaboration within the framework of the strategic...
  • Al-Azhar Ash-Sharif celebrates 1084th anniversary

    Cairo, Egypt -  Historic al-Azhar Mosque marked its 1084th anniversary of its founding on March 17,  celebrated by al-Azhar ash-Sharif with distinguished scholars and leaders in attendance.  The event, held annually on the seventh day of Ramadan, features various activities highlighting the mosque's rich history, educational institutions, notable scholars, and...
  • European Union and Egypt to sign $8 billion funding package

    Cairo, Egypt -- The European Union, which is seeking to stem the inflow of irregular migrants, announced Sunday a 7.4 billion euro ($8 billion) package of loans, grants and energy cooperation deals with cash-strapped Egypt. It will include billions in loans over coming years and aims to step up Egyptian energy...
  • Massive fire destroys prestigious Arab film studio in Egypt

    CAIRO, EGYPT – A major fire here destroyed one of the Arab world's most prestigious and oldest film production houses, founded 80 years ago, an AFP journalist said. Flames overtook the Al-Ahram Studio in Cairo's Giza district, burning everything inside and spreading to three surrounding buildings which were evacuated before the...
  • CI Capital 2023 revenue $134m

    The firm’s performance was fueled by strong growth.
  • Hamas expresses dissatisfaction over Israel’s stance on Gaza truce

    A senior Hamas official confirmed that the group's delegation in talks seeking a Gaza truce left Cairo for consultations in Doha, while voicing dissatisfaction with Israel's responses. "We are awaiting the final official response from the enemy (Israel)," said the official, who was involved in negotiations in Cairo but declined...
  • Egypt’s IMF loan increased by $5bn after central bank floats pound

    The agreement, announced by Egyptian Prime Minister Mostafa Madbouly and the IMF's mission chief for Egypt, Ivanna Vladkova Hollar, came hours after the country's central bank hiked interest rates and said it was floating the pound. By the time the markets closed on Wednesday, the Egyptian pound was trading at a...
  • Diplomacy the ‘only way’ to end Israel-Hizbollah clashes: US envoy

    "A diplomatic solution is the only way to end the current hostilities" and achieve "a lasting fair security arrangement between Lebanon and Israel", Washington's envoy Amos Hochstein told reporters in Beirut, adding that "a temporary ceasefire is not enough". "A limited war is not containable," he said after meeting with parliamentary...
  • Qatar and Egypt hold talks to ramp up civil aviation cooperation

    Cairo, Egypt-- Qatar and Egypt have discussed enhancing ties in the field of civil aviation between the two countries. In this connection, the civil aviation officials from the two countries held talks in Cairo to boost the cooperation. Mohamed bin Faleh Al Hajri, in charge of managing Qatar Civil Aviation...
  • Gaza truce talks in Cairo as heavy fighting rages

    An Israeli siege on Gaza has sparked UN warnings of famine, and France's foreign ministry said Israel is "clearly responsible" for aid blockages. On Saturday the United States started airdropping food rations. Jordan and some other countries have already done so.
  • UAE to invest $35 billion to help solve currency crisis: Egypt PM

    Madbouly said the investment would "contribute to resolving" a hard currency crunch which has threatened Egypt's ability to service its large foreign debt and allow it end separate official and black market exchange rates for the Egyptian pound.
  • As truce talks resume in Cairo, people in Gaza suffer from hunger

    Heavy fighting rocked besieged Gaza as aid agencies warned of looming famine and new talks were held in Cairo towards an Israel-Hamas ceasefire and hostage release deal. The White House sent Middle East envoy Brett McGurk for renewed talks, a day after a UNSC resolution calling for a ceasefire was...
  • Hamas chief says group seeks complete truce in Gaza

    Palestinian Territories - Hamas chief Ismail Haniyeh on Saturday reiterated the group's demand of a complete ceasefire in Gaza, a day after US President Joe Biden called for a "temporary truce" to secure the release of hostages. High-level negotiations to pause the Israel-Hamas war in Gaza were held this week...
  • Hamas heads to Cairo truce talks as Rafah braces for Israeli assault

    CIA Director William Burns had joined Tuesday's talks with David Barnea, head of Israel's Mossad intelligence service, which Egyptian media said had been mostly "positive". US National Security Council spokesperson John Kirby described the negotiations as "constructive and moving in the right direction".
  • Riyadh Season opens registration for SEVEN Concours 2024 global car auction

    Riyadh, Saudi Arabia - The Riyadh Season has announced the commencement of registration for the SEVEN Concours 2024 exhibition, the largest event for enthusiasts of sports and exotic cars in the Middle East. Registration for participation in the exhibition is available via the following link: https://www.sevencarlounge.com/ The exhibition will feature...
  • Newly restored tomb of Neferhotep in Luxor opens to tourists

    Cairo, Egypt -- After more than two decades of restoration, the tomb of Neferhotep, a high-ranking 18th dynasty senior official during the reign of King Ay, was officially opened on Sunday. According to Ahram Online, the tomb, located in the Al-Khokha area on Luxor’s West Bank, was opened during a...
  • Palestinian official says Hamas still seeks truce despite Israeli denial

    "We expect the negotiations to be very complex and difficult but Hamas is open to discussions and the movement is keen to reach a ceasefire," added the official, who is familiar with the negotiations. "The two parties will hold several rounds of negotiations indirectly," he said on condition of anonymity
  • New round of Gaza negotiations to start in Cairo: Egypt source

    Cairo, Egypt -- Egypt and Qatar are sponsoring a new round of negotiations to start Thursday in Cairo aimed at achieving "calm" in Gaza as well as a hostage release deal, an Egyptian official said. A Hamas source with knowledge of the matter confirmed the Palestinian group had agreed to the...
  • Egypt forms review team on restoring pyramid after outcry

    Cairo, Egypt - Egypt's antiquities ministry said on Saturday it was setting up a committee to review the restoration of Giza's Menkaure Pyramid after a public outcry over the project. A week ago, the head of Egypt's Supreme Council of Antiquities, Mostafa Waziri, posted a Facebook video showing workers setting blocks...
  • Hamas gives ‘initial’ approval to plan for Gaza war pause

    A Hamas source had told AFP the three-stage plan would start with an initial six-week halt to the fighting that would see more aid deliveries into Gaza. Only "women, children and sick men over 60" held by fighters would be freed during that stage in exchange for Palestinian captives in...
  • Hamas head due in Cairo for truce discussions

    As Qatari and Egyptian-led mediation efforts intensified, Hamas leader Ismail Haniyeh was due in Cairo on Thursday to discuss a truce proposal thrashed out in Paris last weekend with CIA chief William Burns. Israel's withering air, land and sea offensive has killed at least 26,900 people in Gaza, most of...
  • Cairo arts center razed for Old City makeover

    Cairo, Egypt - Nestled in the heart of the historic capital here, a cultural center synonymous with the city's art scene has been razed, the latest heritage site torn down for contentious development projects. Authorities have been aggressively remaking parts of Cairo, a longtime cultural beacon of the Arab world, to...
  • Baims acquires Orcas Edtech

    The firm plans to incorporate one-to-one tutoring services.
  • ADIB-Egypt introduces Shariah-compliant private banking services for HNWIs

    Cairo, Egypt – ADIB-Egypt has launched its exclusive portfolio of Private Banking Services, providing a Shariah-compliant banking proposition for its high-net-worth clients. This personalized proposition is designed to offer a premium range of wealth management services catering to clients with account balances starting from EGP 20 million ($64 million) upwards, or...
  • Central Bank of Egypt keeps interest rates unchanged

    Cairo, Egypt – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has kept the current key interest rates unchanged in its final meeting of 2023.  The decision leaves the overnight deposit rate at 19.25 percent, the overnight lending rate at 20.25 percent, the main operation rate...
  • Egypt’s Sisi wins third term despite painful economic crisis

    The outcome of the December 10-12 poll was widely expected after the former army chief with a fondness for infrastructure mega-projects campaigned against a small field of relative unknowns. It secures 69-year-old Sisi his third and, according to the Egyptian constitution, final term in office, starting in April and set...
  • Gaza safe zones declared by Israel neither safe, nor humanitarian: UN

    "The so-called safe zones... are not scientific, they are not rational, they are not possible, and I think the authorities are aware of this," James Elder, spokesman for the UN children's agency UNICEF, told reporters in Geneva.