Business
Telecom Egypt profit hit by licence fee, tax costs
November 12, 2014
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
November 12, 2014
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
November 12, 2014
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
November 12, 2014
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
November 12, 2014
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
November 11, 2014
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
November 11, 2014
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
November 11, 2014
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
November 11, 2014
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
November 11, 2014
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…