Business
QNB Egypt Reports Solid Financial Growth for First Half of 2025

QNB Egypt, a subsidiary of QNB Group, has reported robust financial results for the first half of 2025, underscoring the Group’s strong financial standing in the region. As of June 30, 2025, QNB Egypt achieved a consolidated net profit of EGP 15.1 billion, a notable increase of EGP 1.322 billion or 10% compared to the same period in 2024. This performance reflects the effectiveness of QNB Group’s strategy and its successful expansion across international markets.
The bank’s standalone net profit reached EGP 14.8 billion. Additionally, the total loans and advances portfolio grew by EGP 42 billion, reaching EGP 407 billion, marking an 11% growth compared to December 2024. Customer deposits also saw a positive trend, totaling EGP 700 billion at the end of June 2025, which represents an increase of EGP 20 billion or 3% since December 2024.
Strategic Growth and Market Leadership
Commenting on these impressive financial results, Heba Al-Tamimi, Senior Executive Vice President of QNB Group Communications, emphasized the importance of strategic diversification. She stated, “Our continued success is built on solid foundations supported by the strategic diversification of our services across different geographies. This enhances our ability to adapt and seize promising opportunities.”
Mohamed Bendier, CEO of QNB Egypt, echoed this sentiment, noting that the financial performance indicators reveal significant growth across all business sectors. Bendier remarked, “These results are a direct reflection of the strong performance of QNB Group, confirming our leadership in the Egyptian banking sector and contributing to achieving a larger market share.”
Total consolidated assets for QNB Egypt rose to EGP 844 billion as of June 30, 2025, an increase of EGP 24 billion or 3% since December 2024. The bank also maintained a strong capital adequacy ratio of 24.3%, a testament to its prudent credit policies. The non-performing loan ratio stood at 5.23%, with a provision coverage ratio for substandard loans reaching 107%.
Expanding Branch Network
These positive results highlight the effectiveness and flexibility of QNB Egypt’s executive policies and procedures, which have bolstered its competitiveness and market share within Egypt. The bank’s branch network has expanded to 236 branches, including a recently opened branch in New Alamein City. This growth strategy aligns with QNB Group’s objective of enhancing its service delivery and customer reach across the nation.
As QNB Egypt continues to build on its strong performance, the Group remains focused on achieving sustainable growth and delivering long-term value to customers and shareholders alike.
Business
Villagers Revive Historic Radnor Arms Pub in Wales

The local community in Wales has successfully restored the historic Radnor Arms pub, transforming it from a dilapidated structure into a lively gathering place once again. Originally opened in the 1830s, the pub had fallen into disrepair following its closure in 2016, when it became unviable due to escalating operational costs. Now, in 2025, the Radnor Arms serves as a symbol of community resilience amidst a backdrop of widespread pub closures across the United Kingdom.
For nearly two centuries, the Radnor Arms was a central hub for the village. However, by the time it closed, the building was in a state of neglect. Water seeped down the walls, ivy entwined around shattered windows, and remnants of rodents littered the floor. The decline of the pub mirrored the fate of many others throughout the UK, where rising expenses have led to the closure of tens of thousands of establishments.
The revival of the Radnor Arms was not a solitary effort. Members of the local community banded together to reclaim the pub, pooling resources and support to facilitate its renovation. This grassroots initiative highlights the determination of villagers to preserve a cherished landmark that holds significant historical and social value.
Community members organized fundraising efforts and volunteer days to restore the pub to its former glory. As a result, the Radnor Arms reopened its doors, welcoming patrons with laughter and camaraderie. The pub now offers a renewed sense of connection for locals, drawing visitors from nearby areas eager to experience its revitalized atmosphere.
The revitalization of the Radnor Arms is particularly noteworthy given the broader trend of pub closures in the UK. According to industry reports, the country has witnessed a significant decline in the number of operational pubs, with thousands shuttering due to financial pressures. The case of the Radnor Arms serves as a hopeful exception, demonstrating how community action can reverse a troubling trend.
As the Radnor Arms reestablishes itself as a focal point in the village, it also raises questions about the future of other pubs in similar situations. The successful restoration of this historic pub underscores the importance of local engagement and highlights the potential for communities to take control of their shared spaces.
In conclusion, the Radnor Arms stands as a testament to the power of community spirit and collaboration. Its reopening not only breathes new life into the establishment but also reaffirms the vital role that pubs play in fostering community ties. As more locals gather to enjoy the company and ambiance of the Radnor Arms, it becomes clear that this pub is more than just a place to drink; it is a symbol of resilience and unity in the face of adversity.
Business
Aamal Company Reports 17.5% Net Profit Increase in H1 2025

DOHA: Aamal Company, a prominent diversified firm in the region, announced a notable financial performance for the first half of 2025. The company reported a net profit of QR221.3 million, reflecting a substantial increase of 17.5% compared to QR188.4 million in the same period last year. Total revenue for the first half reached QR1.07 billion, up from QR1.045 billion in H1 2024.
The gross profit saw a slight increase of 0.2%, amounting to QR261.8 million, compared to QR261.3 million in the previous year. There were no fair value gains on investment properties reported for either period. Earnings per share rose to QR0.035, an increase from QR0.030 in H1 2024. Additionally, net capital expenditure decreased by QR6.2 million to QR13.8 million, while the company’s gearing ratio increased to 2.93%.
Strategic Growth and Future Prospects
Sheikh Mohamed bin Faisal bin Qassim Al Thani, Vice Chairman and Managing Director of Aamal, expressed confidence in the company’s performance, stating, “Aamal’s first-half performance is a strong endorsement of the Group’s strategic direction and the capable leadership across all its business units.” He emphasized the company’s ability to deliver consistent value through a diversified business model and a clear focus on long-term growth.
Highlighting Aamal’s ongoing projects, Sheikh Mohamed noted a significant QR3 billion order backlog and plans to establish a new infrastructure and construction services company in Saudi Arabia. This move is expected to enhance Aamal’s presence in emerging markets and create new opportunities for growth.
Rashid bin Ali Al Mansoori, Chief Executive Officer of Aamal, also commented on the results, reinforcing the strength of the company’s diversified business model. He remarked, “These results reflect our confidence in the Company’s strategic direction and its ability to capture long-term value across various markets, not only in Qatar but in the wider region.”
Continued Focus on Growth and Operational Performance
Aamal’s industrial manufacturing sector has shown robust performance, contributing significantly to the company’s revenue and profit growth. The sector is actively engaged in major infrastructure and energy projects, with a recent contract worth QR1 billion signed with Kahramaa, further bolstering its order backlog.
Looking ahead, Al Mansoori expressed optimism about maintaining the momentum generated in the first half, stating, “This set of results highlights the benefits of Aamal’s value creation strategy and investments.” He reiterated the company’s commitment to unlocking new growth avenues while enhancing its positive impact across key sectors in Qatar and the Gulf Cooperation Council (GCC) region, aligning with Qatar National Vision 2030.
Aamal’s recent performance underscores its strategic focus on expansion and operational excellence, positioning the company to capitalize on emerging opportunities in a dynamic economic landscape.
Business
Aamal Company Reports 17.5% Profit Surge in First Half of 2025

DOHA: Aamal Company, a leading diversified firm in the region, announced a significant increase in net profit for the first half of 2025. The company reported a net profit of QR221.3 million, an increase of 17.5% compared to QR188.4 million in the same period last year. Total revenue also saw a rise, reaching QR1,070.1 million, up from QR1,045.2 million in H1 2024.
The gross profit showed a modest increase of 0.2%, amounting to QR261.8 million, compared to QR261.3 million in H1 2024. Earnings per share rose to QR0.035, reflecting the overall growth in profitability. Meanwhile, net capital expenditure decreased by QR6.2 million, totaling QR13.8 million for the period.
Strategic Growth and Future Outlook
Sheikh Mohamed bin Faisal bin Qassim Al Thani, Vice Chairman and Managing Director of Aamal, expressed confidence in the company’s performance. He noted, “Aamal’s first-half performance is a strong endorsement of the Group’s strategic direction and the capable leadership across all its business units. The results reflect our ability to consistently deliver value, supported by a diversified business model and a clear focus on long-term growth.”
Aamal’s growing project pipeline includes a substantial order backlog of QR3 billion and plans to expand into new markets, particularly through a new infrastructure and construction services company in Saudi Arabia. This strategic move is expected to enhance Aamal’s presence in dynamic regional markets.
Rashid bin Ali Al Mansoori, Chief Executive Officer of Aamal, highlighted the resilience of the company’s diversified business model. He stated, “These results reinforce our confidence in the Company’s strategic direction and its ability to capture long-term value across various markets, not only in Qatar but in the wider region.”
Sector Performance and Future Initiatives
The industrial manufacturing sector has played a crucial role in Aamal’s success, contributing to robust revenue and net profit growth. The sector remains actively engaged in major infrastructure and energy projects, including a recently signed contract worth QR1 billion with Kahramaa, further boosting the company’s order backlog.
Looking forward, Aamal’s leadership remains optimistic about sustaining growth momentum. They believe the results from the first half of 2025 underscore the effectiveness of the company’s value creation strategy. The focus will continue to be on enhancing operational performance and unlocking new growth opportunities in line with Qatar National Vision 2030.
Aamal’s leadership is committed to delivering value not only for shareholders but also for the broader stakeholder community, ensuring the company remains well-positioned for future success.
Business
New Zealand Share Market Rises as Fonterra Fund Gains 4%

The New Zealand share market continued its upward trend on October 3, 2023, with the S&P/NZX 50 index rising by 0.20% to reach 12,936.41 points. This marks the second consecutive day of gains this week. Trading volume increased significantly, with approximately 27.6 million shares exchanged, resulting in a total value of NZD 103.6 million.
Market analysts noted that the major news impacting investor sentiment was the passing of Michael Hill, the founder of Michael Hill International. According to Paul Robertshawe, chief investment officer at Octagon, this event may have long-term implications for the company’s direction, although it is unlikely to affect short-term investor positions.
Market Reactions and Future Implications
Robertshawe emphasized the significance of Hill’s contributions to the business, stating, “He’s a veteran; he built that business from nothing. It’s across three markets now.” The company, which operates in New Zealand, Australia, and Canada, has established a strong presence under Hill’s leadership. With the family still involved in the business, Robertshawe suggested that they may consider bringing in new perspectives to guide the company moving forward.
This development, alongside the overall market performance, reflects a dynamic environment for investors in New Zealand. The increase in market activity indicates renewed confidence among traders, which may signal further growth in the coming days.
The Fonterra Shareholders’ Fund, a key player in the New Zealand dairy industry, also experienced a notable increase, gaining 4% during the day’s trading. This rise contributes to the overall positive momentum of the S&P/NZX 50 index, highlighting the interconnectedness of various sectors within the market.
As investors digest the implications of Hill’s passing and the changing landscape of the New Zealand market, the coming weeks will likely reveal more about the strategic shifts that Michael Hill International may undertake. The focus will remain on how leadership changes can influence business operations and investor confidence in the future.
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