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Embassy of Egypt in Ukraine held solemn reception on occasion of National Day of Arab Republic of Egypt

On July 23, 2024, the Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt to Ukraine, Mr. Barakat Elayti, held a diplomatic reception to celebrate the country’s main national holiday—the 73rd anniversary of the 1952 Egyptian Revolution, which overthrew the monarchy of King Farouk and established a republican system.

The July Revolution marked not only the beginning of Egypt’s liberation from colonial rule, but also sparked a wave of struggle for freedom and self-determination in the Arab world and on the African continent.

The ceremony was attended by guests of honor: heads of diplomatic missions of foreign states accredited in Ukraine, representatives of state authorities, including Deputy Head of the Office of the President of Ukraine for International Policy Ihor Zhovkva, Special Representative of Ukraine for the Middle East and Africa Maksym Subkh, Islamic religious leaders, and members of the Egyptian diaspora.

At the beginning of his speech, the Ambassador of Egypt to Ukraine congratulated all those present on this important date in the history of the Arab Republic of Egypt, noting that “this is not only a national holiday—it is a shared moment of remembrance, reflection, and reaffirmation of the values that continue to unite us: freedom, dignity, and sovereign independence.”

“July 23, 1952, is a date engraved not only in the collective memory of the Egyptian people, but also in the broader historical context of the entire Middle East,” he emphasized.

In his speech, the Head of the Diplomatic Mission emphasized the strong relations with Ukraine and expressed his conviction in the friendly nature and positive development of mutually beneficial and multifaceted Egyptian-Ukrainian cooperation.

According to him, relations between Egypt and Ukraine have a long and successful history, “as historical sources show, Ukrainian engineers worked in Egypt as early as the 19th century, participating in the large-scale modernization initiated by Muhammad Ali Pasha.”

Mr. Barakat El-Eity noted that after Ukraine gained independence and diplomatic relations were established between the two countries, the trend of healthy and sustainable development of Egyptian-Ukrainian relations has continued, and bilateral cooperation in all areas has been fruitful.

On July 2, 2025, President of Ukraine Volodymyr Zelenskyy held a telephone conversation with President of Egypt Abdel Fattah el-Sisi on opening a new era of strategic cooperation.

The ambassador stressed that “peace, justice, and respect for the sovereignty of states are not just ideals, but the foundation of Egypt’s foreign policy.”

“These principles shape our position in international affairs. They determine our firm response to aggression and injustice, whether it be the horrors in Gaza or the ongoing war in Ukraine,” he added.

The diplomat also noted that “Egypt, along with many like-minded countries, is ready to do everything necessary to support efforts to alleviate suffering, stop the horrors of war, and return to the path of dialogue instead of destruction, progress instead of pain, and unity instead of division.”

Greetings on the occasion of the holiday were expressed by the Ukrainian government: Deputy Head of the Office of the President of Ukraine for International Policy Ihor Zhovkva, who read greetings from President of Ukraine Volodymyr Zelenskyy, and

Special Representative of Ukraine for the Middle East and Africa, Ukrainian diplomat and historian Maksym Subkh.

The Arab Republic of Egypt recognized Ukraine’s independence on January 3, 1992. On January 25, 1992, diplomatic relations were established between Ukraine and the Arab Republic of Egypt.

https://www.facebook.com/UkrDiplomatic/

EGYPT, EMBASSY

Ukrgrafit increased its net loss by 42%

According to the results of January-June this year, PJSC Ukrainian Graphite (Ukrgrafit, Zaporizhia) increased its net loss by 41.8% compared to the same period last year, from UAH 82.791 million to UAH 117.432 million.

According to the company’s interim report, net income for this period increased by 3.9% to UAH 686.358 million.

The company’s undistributed profit at the end of June amounted to UAH 3 billion 548.269 million.

As reported, in Q1 2025, Ukrgrafit increased its net loss by 80.6% compared to the same period last year, to UAH 65.870 million from UAH 36.466 million. Net income for this period decreased by 1.6% to UAH 296.640 million.

Ukrgrafit ended 2024 with a net loss of UAH 202.447 million, while in 2023 it increased its net profit by 2.34 times compared to 2022, to UAH 122.920 million.

Ukrgrafit is a leading Ukrainian manufacturer of graphite electrodes for electric steel melting, ore-thermal and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, and carbon-based refractory materials for metallurgical, machine-building, chemical and other industrial complexes.

According to the National Depository of Ukraine (NDU) for the first quarter of 2025, Intergraphite Holdings Company Limited (Malta) owns 23.9841% of the private joint-stock company, and C6 Safe Group Limited (Cyprus) owns 72.0394%.

The authorized capital of the private joint-stock company is UAH 233.959 million, and the nominal value of a share is UAH 3.35.

LOSS, Укрграфит

TAS-Dniprovagonmash incurred losses of UAH 40 mln in first half of year

TAS-Dniprovagonmash LLC (DVK, Kamyanske, Dnipropetrovsk region), controlled by the financial and industrial group TAS owned by businessman Serhiy Tihipko, ended January-June 2025 with a loss of UAH 39.6 million, while in the first half of 2024, net profit amounted to UAH 18.8 million.

According to the company’s interim report published on Thursday in the NSSMC’s information disclosure system, net income decreased by 29.5% to UAH 561.25 million.

The company reduced its gross profit by 38.4% to UAH 48.3 million, incurring a loss of UAH 33.9 million from operating activities, compared with a profit of UAH 26.4 million in the first half of 2024.

As reported, in the first quarter of this year, the company incurred a loss of UAH 16.9 million (a year earlier, it had a net profit of UAH 7.2 million) due to a 24.7% decrease in revenue to UAH 285.5 million.

Thus, TAS Dniprovagomash ended the second quarter of this year with a loss of 22.8 million UAH, while in April-June 2024, net profit amounted to 11.7 million UAH, and net income decreased by 34% to 275.7 million UAH.

According to the report, in the second quarter of this year, the plant produced 202 railcars (140 units in the same period of 2024 and 181 railcars in the first quarter of this year), with an average selling price of 2,782,800 UAH. (in the first quarter – 2,569,400 UAH).

At the same time, total exports amounted to 222.8 million UAH (80.8% of sales), with Lithuanian LTG Cargo being the main customer. In Ukraine, the cars were supplied to Ukrzaliznytsia.

“In the second quarter of 2025, the freight base of railway logistics in Ukraine tended to decline, which in turn had a negative impact on the demand for newly built freight cars,” the report says.

TAS Dniprovagomash’s share in the total production of freight cars in Ukraine at the end of the second quarter was 46% (in the first quarter – 25.8%), and its main competitors remain the Kryukiv Railway Car Building Works, the Karpaty Research and Mechanical Engineering Plant, and Ukrzaliznytsia enterprises.

The plant’s production capacity was utilized at 32% in the second quarter, and equipment utilization was at 38%.

The plant notes in its report that the value of concluded but not yet fulfilled agreements (contracts) at the end of the reporting period amounted to UAH 915.1 million (excluding VAT), and the expected loss from their fulfillment is UAH 24.9 million.

As of the beginning of July this year, the company employed 748 people.

As reported, TAS Dniprovagonmash, which has the capacity to produce 9,000 cars per year, increased its sales of freight cars by 63.7% in 2024 compared to 2023, to 606 units, and production by 59.2%, to 602 units.

Last year, the plant increased its net profit by 31.6% to UAH 62.3 million, and its net income by 61.8% to UAH 1 billion 743.7 million.

LOSS, ТАС-Дніпровагонмаш

Oschadbank financed energy projects worth UAH 4.3 bln in first half of year

In the first half of 2025, the state-owned Oschadbank (Kyiv) signed agreements to finance corporate energy projects worth UAH 4.3 billion, more than half of which will be used to build renewable energy power plants.

“In the first half of 2025, Oschadbank signed contracts in the corporate business segment to finance the development and maintenance of energy infrastructure for a total amount of UAH 4.3 billion,” Yuriy Katsion, deputy chairman of the board of Oschadbank responsible for corporate business, told Interfax-Ukraine.

According to him, more than 50% of this amount is allocated to the construction of electricity storage facilities (ESF), more than 40% to wind farms, and the rest to solar energy and power grids, noting that support for the development of decentralized generation remains one of Oschadbank’s top priorities.

“Energy projects account for the largest share of Oschadbank’s corporate loan portfolio at the end of June, at 30%,” Katsion added.

The deputy chairman of the board specified that the total installed capacity financed by the bank in the corporate business segment in the first half of 2025 amounted to 316 MW.

According to the National Bank of Ukraine, as of April 2025, Oschadbank ranked second in terms of total assets (UAH 449.7 billion, or 12.0%) among 60 banks in the country.

As reported, according to the NBU, as of June this year, Oschadbank’s share in energy project lending was 33%.

ENERGY PROJECTS, OSCHADBANK

Rolls-Royce profits soar 50% on strong demand for jet engines

Shares hit record high on news that underlying operating profits climbed to £1.7bn in first half of 2025

Rolls-Royce has reported a 50% rise in half-year profits as strong demand for its jet engines and power generators for AI datacentres solidified its turnaround efforts.

The British jet-engine maker said underlying operating profits climbed to £1.7bn in the first six months of 2025, from £1.1bn during the same period last year, in an earnings update that helped push the company’s shares to a fresh all-time high.

The strong half-year results meant the manufacturer, whose main operations are in Derby, was able to raise its profit forecast for the year from a range of £2.7bn-£2.9bn to £3.1bn-£3.2bn.

Rolls-Royce, which makes engines used in large Boeing and Airbus planes, said its earnings were driven in part by strong demand for its large engines business. It has also been helped by the boom in weapons spending since Russia’s invasion of Ukraine, with Rolls-Royce a key supplier of engines for fighter jets.

Its power systems business had a significant increase in interest from datacentres, which the chief executive, Tufan Erginbilgiç, confirmed was linked to the boom in artificial intelligence.

Orders for datacentres rose by 85% compared with last year. The company expects a 20% increase in datacentre orders every year to 2030, having forecast annual growth of 15-17% as recently as February.

The results helped propel Rolls-Royce’s shares up 10.5% on Thursday morning to a record high of £11.085, driving the company’s valuation above £90bn for the first time. In October 2020, the first year of the Covid-19 pandemic, its share price fell below 40p.

Its valuation has nearly doubled during 2025 and it is the fifth most valuable company on the London Stock Exchange. Rolls-Royce’s rally helped to power the FTSE 100 index of blue-chip shares to a record intraday high of 9,190 points on Thursday morning.

The company’s turnaround has been a triumph for Erginbilgiç, who ruffled feathers on taking over the business in 2023 by saying it was on a “burning platform”.

Since then he has cut costs and pushed customers to pay more for its products through renegotiating contracts for maintaining jet engines that go on wide-body planes such as the Airbus A350 and Boeing 787.

The company received a recent boost from the UK government’s decision to choose it to deliver the first small modular nuclear reactors (SMRs) – factory-produced nuclear power stations that aim to cut costs.

Rolls-Royce said the SMR business, which it hopes could eventually be bigger than the existing revenues, should be “profitable and free cashflow positive by 2030”, before delivery of the first SMRs a couple of years later.

Sourse: https://www.theguardian.com/business/2025/jul/31/rolls-royce-profits-jet-engines-shares

Rolls-Royce

Ukrnafta paid UAH 5 bln in dividends for 2024

Ukrnafta transferred UAH 5 billion in dividends to the state budget based on its 2024 performance, the company said on Wednesday.

According to the company, the dividend payments to Naftogaz of Ukraine and the Ministry of Defense of Ukraine for 2024 were made on time and in full.

“The company continues to develop actively, increasing oil and gas production and sales of petroleum products for two years in a row, as well as increasing its market share in the fuel and lubricants segment,” said Serhiy Koretsky, chairman of the board of Naftogaz of Ukraine.

As reported, PJSC Ukrnafta’s net profit for 2024 amounted to UAH 16.38 billion.

Ukrnafta is Ukraine’s largest oil producer and operator of the national network of gas stations. In March 2024, the company took over the management of Glusco’s assets and now operates a total of 544 gas stations, 461 of which are owned by the company and 83 are under management.

The company holds 92 special permits for industrial development of deposits. It has 1,832 oil and 154 gas production wells on its balance sheet.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company, which were owned by private owners and are currently managed by the Ministry of Defense, to the state.

Ukrnafta is Ukraine’s largest oil producer and operates a national network of gas stations. In March 2024, the company took over the management of Glusco’s assets and now operates a total of 545 gas stations, 461 of which it owns and 84 of which it manages.

The company is implementing a comprehensive program to restore operations and upgrade the format of its network of gas stations. Since February 2023, it has been issuing its own fuel vouchers and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share.

In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the privately owned corporate rights of the company to the state, which are now managed by the Ministry of Defense.

DIVIDENDS, UKRNAFTA

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