Browsing Tag
Egypt
113 posts
Yomo gets preliminary CBE approval as CIB commits $300m to Egypt digital bank
CIB-backed Yomo has received preliminary approval from the Central Bank of Egypt and is moving toward launch, but Onebank’s earlier licence means execution, not first-mover status, will decide the race.
UFlex shares jump 26% after Q1 as overseas operations drive 91% of incremental EBITDA
UFlex Limited posted a 630% Q1 FY27 profit jump and its highest EBITDA margin in 21 quarters, but the deeper story is geographic. Overseas operations generated about 91% of incremental EBITDA while net debt remained ₹8,588 crore.
Boeing lands $636m Apache sustainment award as Mesa aftermarket franchise pushes past $1.1bn
Boeing wins $636.1m US Army Apache modification, lifting the contract past $1.1bn as Mesa sustainment work runs through April 2029. What comes next?
Coca-Cola HBC raises 2026 profit outlook as volume growth strengthens ahead of $2.6bn Africa expansion
Coca-Cola HBC AG has raised its 2026 profit outlook after first-half volumes climbed 7.5%, marking a significant shift from price-led growth just as the bottler prepares for its biggest African expansion.
Saudi Arabia unveils 14-country maritime coalition to protect Red Sea shipping
Saudi Arabia has 14-country backing for a Red Sea coalition, but its credibility depends on ships, command rules and coordination with existing missions.
Trump announces Gaza disarmament deal, but Israel and Hamas have not confirmed agreement
Trump says Hamas will disarm and Israel will withdraw, but neither side has confirmed the deal. Gaza’s ceasefire now faces a decisive credibility test.
Egypt drone attack damages gas vessels at Damietta port near Suez Canal
Egypt contained the Damietta drone fire, but the attack exposes a new risk to gas imports and shipping near the strategically vital Suez Canal.
Cronos gas project reaches FID as Cyprus targets first production in 2028
Cyprus’ first gas development will connect four deepwater wells to Egyptian processing and LNG infrastructure. Reuse lowers capital intensity, but cross-border execution and LNG economics remain critical.
Serica Energy tops Ratio Petroleum with £145.7m Pharos Energy takeover
Serica Energy's £145.7m Pharos deal tops Ratio's bid and opens Vietnam and Egypt exposure, but H1 2027 completion hinges on regulatory clearances abroad.
FIFA World Cup 2026: Messi sparks Argentina comeback from 2-0 down to beat Egypt 3-2
Lionel Messi scored and assisted as Argentina came from 2-0 down to beat Egypt 3-2 at FIFA World Cup 2026 and reach a Switzerland quarter-final.