}

Madbouly orders urgent settlement of dues to petroleum, electricity ministries; reviews IPO program

Prime Minister Mostafa Madbouly held a ministerial meeting to discuss the state offering program, opportunities to draw in direct foreign and local investments, and settling government dues to the petroleum and electricity sectors.

Al Baraka Bank Egypt’s consolidated profit hit EGP 2.9B in 9 months

Al Baraka Bank Egypt (SAUD) recorded a consolidated net profit attributable to the bank of EGP 2.948 billion in the first nine months of 2026, inching down by 0.07% from EGP 2.951 billion in the year-ago period, according to the financial statements filed to the Egyptian Exchange (EGX) on November 9.

When do you anticipate the conclusion of the natural gas supply reduction for the industrial sector?