Economy

Orascom Construction unit wins $245 mn Texas housing project

Orascom Construction unit wins $245 mn Texas housing project

Orascom Construction said on Thursday that The Weitz Company, a wholly-owned subsidiary, had been selected to design and build a…
Profits quadruple at Egyptian property group Palm Hills in Q2

Profits quadruple at Egyptian property group Palm Hills in Q2

 Palm Hills, Egypt's second-biggest listed property developer, reported on Thursday a four-fold increase in second-quarter net profits on the back…
Egypt’s Amer Group Q2 net profit plunges 98%

Egypt’s Amer Group Q2 net profit plunges 98%

Egypt's Amer Group reported a sharp fall in second quarter net profit on Thursday to LE856,763 ($109,490) from LE42.36 million…
Official: LE150 million allocated for surveillance cameras in Red Sea, South Sinai

Official: LE150 million allocated for surveillance cameras in Red Sea, South Sinai

Tourism Ministry has allocated LE150 million to install surveillance cameras in the Red Sea and South Sinai governorates, as part of…
Egypt’s market loses LE6.1 billion on Wednesday, EGX30 drops 2.1%

Egypt’s market loses LE6.1 billion on Wednesday, EGX30 drops 2.1%

Egypt's market incurred heavy losses on Wednesday's session, as the benchmark EGX30 index fell 2.12 percent, recording 7,911.88 points and…
Egypt’s Talaat Mostafa first-half profit rises 12%

Egypt’s Talaat Mostafa first-half profit rises 12%

Egyptian developer Talaat Mostafa Group Holding Co Sae reported a 12 percent year-on-year rise in first half net profit after…
UPDATE : EFG Hermes second-quarter underlying net up 38%

UPDATE : EFG Hermes second-quarter underlying net up 38%

 Egypt's EFG Hermes, one of the Middle East's largest investment banks, said underlying net profit rose by more than a…
Egypt’s market gains LE1.6 billion on Tuesday, EGX30 rises 0.7%

Egypt’s market gains LE1.6 billion on Tuesday, EGX30 rises 0.7%

Egypt's market closed in the green zone on Tuesday's session, as the benchmark EGX30 index rose 0.68 percent, recording 8,083.18…
Egypt’s Beltone joins NASDAQ Dubai as market maker

Egypt’s Beltone joins NASDAQ Dubai as market maker

 Beltone Market Maker, a subsidiary of Egypt-based financial services company Beltone Financial , has joined NASDAQ Dubai to provide market-making…
Egyptian pound steady at official auction, exchange bureaux

Egyptian pound steady at official auction, exchange bureaux

Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday, and the…
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