Business
Telecom Egypt posts 9.9 % rise in Q1 net profit
May 13, 2015
Telecom Egypt posts 9.9 % rise in Q1 net profit
Telecom Egypt's first-quarter net profit rose 9.9 percent to LE604 million ($79.16 million) on strong retail growth, it said on…
Gulf Extrusions sees demand for aluminium products rising in Egypt
May 13, 2015
Gulf Extrusions sees demand for aluminium products rising in Egypt
The United Arab Emirates's Gulf Extrusions, one of the largest aluminium product makers in the Gulf, said on Wednesday it…
US$60 million in traded goods through Egypt-Sudan landport in 7 months
May 13, 2015
US$60 million in traded goods through Egypt-Sudan landport in 7 months
Imported and exported goods moving through a newly-inaugurated crossing on the Egyptian-Sudanese borders over the past seven months were worth…
Gold miner Centamin’s core profit rises 55%
May 13, 2015
Gold miner Centamin’s core profit rises 55%
Gold miner Centamin Plc said its first-quarter core profit rose nearly 55 percent as increased gold sales and reduced costs…
CAPMAS: Long-term loans to government economic bodies up by 13.4%
May 12, 2015
CAPMAS: Long-term loans to government economic bodies up by 13.4%
The government’s economic bodies received long-term loans worth of LE78.2 billion in 2013/2014, up by 13.4 percent from LE68.9 billion…
Egypt’s market loses LE1.43 billion on Tuesday, EGX30 down 0.20%
May 12, 2015
Egypt’s market loses LE1.43 billion on Tuesday, EGX30 down 0.20%
Egypt's market closed in the red zone on Tuesday's session, as the EGX30 went down by 0.20 percent, reaching 8,674.34…
Minister: NTRA will tackle reduction of internet prices
May 12, 2015
Minister: NTRA will tackle reduction of internet prices
The National Telecommunications Regulatory Authority (NTRA) will consider reducing Internet prices, Telecommunications Minister Khaled Negm said recently, indicating that bad…
Minister holds negotiations in France over financing Alexandria tramway, third metro line
May 12, 2015
Minister holds negotiations in France over financing Alexandria tramway, third metro line
Transportation Minister Hani Dahi said he is conducting negotiations with several financial institutions, aiming to obtain one billion euros in…
Egyptian pound steady at official auction, stronger on black market
May 12, 2015
Egyptian pound steady at official auction, stronger on black market
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Tuesday, while…
Egypt’s GB Auto Q1 net profit falls to LE47.15mn
May 12, 2015
Egypt’s GB Auto Q1 net profit falls to LE47.15mn
Egyptian auto distributor GB Auto's first-quarter net profit fell to LE47.148 million ($6.18 million) from LE71.5 million a year ago,…