EFG Holding reported strong revenue growth during Q1 2026, with revenues rising 18% year-on-year to EGP 6.6 billion, supported by solid performance across investment banking, non-bank financial services, and commercial banking operations. The group also recorded strong momentum in treasury and capital markets activity, while subsidiaries including Valu and Bank NXT delivered notable growth in revenues and profitability despite rising operating costs.
PROPERTY
Kuwait’s real estate market recorded a 15% rise in transactions during the second week of May, driven by strong activity in the residential sector despite a decline in overall transaction values. Residential demand continued to support market activity, while commercial real estate saw a sharp slowdown amid higher financing costs and cautious investor sentiment.
money
Rising global bond yields and uncertainty around the US Federal Reserve are increasing market volatility, as investors reassess inflation risks, interest rates, and global economic conditions.
Kuwait’s Heavy Engineering Industries and Shipbuilding Co. (HEISCO) has renewed a KD14 million ($45.4 million) credit facility agreement with a local bank to support its operational activities, marking the company’s second facility renewal this month following an earlier KD96.06 million agreement. The engineering and shipbuilding firm has also continued expanding its project portfolio in 2026, including securing a $565 million contract from Kuwait Oil Company in April.
lifestyle
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