Business

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,…
EGX30 rises 0.35% on Tuesday, market gains LE2.7 billion

EGX30 rises 0.35% on Tuesday, market gains LE2.7 billion

Egypt's benchmark index EGX30 continued in the green during Tuesday's session for the second day supported by local and institutions. The…
Petroleum Ministry announces new projects for US$10.9 bn

Petroleum Ministry announces new projects for US$10.9 bn

Minister of Petroleum and Mineral Resources Sherif Ismail said the ministry is adopting a new strategy that aims to tackle…
Sisi to head to Italy for economy talks end of November

Sisi to head to Italy for economy talks end of November

President Abdel Fattah al-Sisi will head to Italy late November for trade talks, the Ministry of Industry and Foreign Trade…
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