Business

Egypt’s Oriental Weavers Q3 net profit dips to 71.19 mln pounds

Egypt’s Oriental Weavers Q3 net profit dips to 71.19 mln pounds

Egypt's Oriental Weavers said on Thursday its third-quarter net profit had nudged down to 71.19 million Egyptian pounds ($10 million)…
Minister: IMF delegation here to prepare report on Egypt economy

Minister: IMF delegation here to prepare report on Egypt economy

The Egyptian Finance Minister Hany Qadry said on Wednesday that an International Monetary Fund (IMF) delegation arrived here to prepare…
CBE: Egypt committed to paying foreign dues

CBE: Egypt committed to paying foreign dues

The Central Bank of Egypt (CBE) governor Hisham Ramez said that Egypt was committed to paying all its dues to…
Telecom Egypt profit hit by licence fee, tax costs

Telecom Egypt profit hit by licence fee, tax costs

Fixed-line monopoly Telecom Egypt reported a 61.3 percent drop in third-quarter net profit on Wednesday, due to several one-off and…
Egypt’s stocks gain LE1.9 billion on Wednesday, while all indexes down

Egypt’s stocks gain LE1.9 billion on Wednesday, while all indexes down

The Egyptian stock exchange closed in the red in Wednesday’s session on a total turnover of LE712.6 million.The benchmark index EGX30 declined…
Egypt’s Global Telecom reports wider loss in 3rd quarter

Egypt’s Global Telecom reports wider loss in 3rd quarter

Egypt's Global Telecom Holding reported a net loss of US$158 milion in the 3rd quarter 2014 compared with a net…
UAE’s Dana Gas Q3 profit rises 36 pct

UAE’s Dana Gas Q3 profit rises 36 pct

Dana Gas, the United Arab Emirates energy firm, reported a 36 percent rise in third-quarter net profit on Wednesday as…
Egypt’s CIB reports 5.6 pct rise in Q3 net profit

Egypt’s CIB reports 5.6 pct rise in Q3 net profit

Egypt's biggest listed bank Commercial International Bank posted a 5.6 percent rise in third-quarter net profit, the bank said in…
CBE: gangs trade in currency via bank accounts

CBE: gangs trade in currency via bank accounts

Senior banking official has said that Central Bank of Egypt (CBE) has recently discovered gangs that are illegally trading in…
Finance Minister denies imposing new taxes

Finance Minister denies imposing new taxes

Finance Minister Hany Qadry Dimian said there are many projects for investment offered at the economic summit in Sharm al-Sheikh,…
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