Category Archives: CAR INSURANCE

Post for Investment achieves 30.7% revenue growth in 2023

Post for Investment (PFI) reported a significant revenue increase of 30.7% in 2023, reaching EGP 1.13bn, up from EGP 868m in 2022. The company’s net profit also rose to EGP 664m, marking a 32.4% growth compared to the previous year’s EGP 502m. This financial growth is attributed to enhanced cash distributions from PFI’s sister and… Read More »

Beltone Venture Capital partners with Citadel International to manage $30m startup fund

Beltone Holding, a rapidly expanding financial institution, has announced that its subsidiary, Beltone Venture Capital (BVC), has entered into a partnership with CI Venture Capital, part of Citadel International Holdings. Based in Abu Dhabi, this collaboration aims to oversee a $30m fund dedicated to investing in promising early-stage startups. In recent months, the fund has… Read More »

Egypt looks forward to mobilising sustainable finance for Africa’s public health: Finance Minister

In a roundtable discussion with African finance ministers during the IMF and World Bank Spring Meetings, Mohamed Maait, Egypt’s Minister of Finance, highlighted the decline in public health indicators across Africa. This downturn is attributed to global tensions and the resulting inflationary pressures, which have led to increased costs for basic goods and services, alongside… Read More »

У понеділок у Єгипті очікується тепла погода

Метеорологи прогнозують м’яку погоду вдень у понеділок у Великому Каїрі, Нижньому Єгипті, на півночі Верхнього Єгипту та на північному узбережжі. На Південному Синаї та півдні Верхнього Єгипту прогнозується помірно спекотна погода Вночі у всіх частинах країни буде холодна погода. Максимальні температури: Олександрія: 21С Каїр: 22°C Хургада та Шарм-ель-Шейх: 26°C Температура: 24С Луксор і Асуан: 26°C… Read More »

Egypt PM orders plan to develop low-water-consuming rice varieties

This initiative aims to enhance rice productivity, reduce water usage, and ensure food security in Egypt. During a Wednesday meeting held to discuss the status of rice cultivation and innovative mechanisms to boost production, Madbouly emphasized the strategic importance of rice as a staple food for Egyptian citizens and a key economic crop. Moreover, he… Read More »

iPhone sales are plunging. Here’s why

CNN  —  Apple’s smartphone sales tumbled a stunning 10 percent last quarter, according to market research firm IDC. The main cause: iPhone sales in China fell sharply. The company has lost momentum in China as nationalism, a rough economy and increased competition have hurt Apple over the past several months. “It’s a steep drop for… Read More »