Business
Egypt’s Juhayna says Q1 net income rises 51 %
May 14, 2015
Egypt’s Juhayna says Q1 net income rises 51 %
Juhayna Food Industries, one of Egypt's largest dairy product and juice makers, reported first-quarter net income of LE65 million($8.52 million),…
CAPMAS: Average weekly average of workers reaches LE806 in 2014
May 14, 2015
CAPMAS: Average weekly average of workers reaches LE806 in 2014
Average weekly wages reached LE806 in 2014 for workers of public, business and private sectors, compared to LE761 in 2013,…
E-Finance Chief: Fuel smart cards to be distributed to traffic departments starting May 20
May 14, 2015
E-Finance Chief: Fuel smart cards to be distributed to traffic departments starting May 20
Fuel smart cards will be distributed at Cairo traffic departments starting May 20, according to Ibrahim Sarhan, head of the company…
Egypt’s market threatened with deletion from MSCI index
May 14, 2015
Egypt’s market threatened with deletion from MSCI index
Morgan Stanley Commercial Index threatened the Egyptian Stock Exchange with deletion from its emerging markets index, after removing Telecom Egypt…
Telecom Egypt CEO says no alternative for mobile carrier license
May 14, 2015
Telecom Egypt CEO says no alternative for mobile carrier license
Telecom Egypt CEO Mohamed al-Nawawy said the company has no alternative but to obtain mobile carrier license in order to…
Biggest Russian business delegation in Egypt on 25 May
May 14, 2015
Biggest Russian business delegation in Egypt on 25 May
A Russian business delegation will arrive in Egypt for a two-day visit on 25 and 26 of this month, the…
Egypt’s Madinet Nasr Q1 net profit falls 51% yr-on-yr
May 14, 2015
Egypt’s Madinet Nasr Q1 net profit falls 51% yr-on-yr
Egyptian property developer Madinet Nasr reported first-quarter net profit of LE24.8 million ($3.25 million), a 51.3 percent fall from a…
Customs revenues up to LE17.9 bn in ten months
May 14, 2015
Customs revenues up to LE17.9 bn in ten months
Customs revenues surged by 10.7 percent, reaching LE17.904 billion between July 2014 and April 2015, a report by the Egyptian…
Egypt’s CIB bank Q1 net profit up 38 % year-on-year
May 14, 2015
Egypt’s CIB bank Q1 net profit up 38 % year-on-year
Egypt's largest private sector bank, Commercial International Bank (CIB), on Wednesday reported a 38 percent rise in first quarter net…
Dassault CEO says to raise Rafale output if wins new order
May 13, 2015
Dassault CEO says to raise Rafale output if wins new order
France's Dassault Aviation will increase production of the Rafale fighter jet if it signs a third export contract and has…