News
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Raya Holding posts 39.2% plunge in H1 profit
Raya Holding for Technology and Communications released H1-11 consolidated financial statements which reflected net earnings of EGP 12.423 million.
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Egypt's CIB Q2 net profit falls less than expected
Egypt's CIB Bank reported an 11% dip in 2nd-quarter net profit on Wednesday after political & economic turmoil dented foreign exchange income.
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AfDB ready to invest $1.4 billion in Egypt
The African Development Bank (AfDB) is ready to commit around $1.4 billion to Egypt over the next 18 months, in addition to its ongoing portfolio.
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Egypt stocks make strong rebound
High-cap shares power the index up over 4 per cent, its first gain in three days, as investors react to yesterday's brief global upswing
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Egyptian inflation rate may reach 14 percent during Ramadan
The Egyptian rate of inflation is expected to eclipse 13 or 14% during the month of Ramadan, said Ebada Sarhan, head of the Arab Statistics Body.
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Domestic economy may suffer more
The latest report issued by the Central Bank of Egypt has shown that direct foreign investments in Egypt declined by 90.4% in the 3rd Q. of 2011
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KUFPEC'S investments in Egypt worth USD 302 million
Volume of investments of Kuwait Foreign Petroleum Exploration Company (KUFPEC) in Egypt amounted to USD 302 million in Egypt in the last three years.
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EGX30 trims yesterday’s losses, rises 4% in early trading
Egypt’s benchmark index, EGX30 has bucked a 3-session losing streak, surging 3.99%, or 169.369 pts, to 4647.36 in today’s early trading.
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Egypt's TMG H1 profit falls 44 pct in political turmoil
Talaat Moustafa Group, Egypt's biggest listed developer, posted a 44% slide in first-half net profit to 371.2 million EGP, bourse said on Wednesday.
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Global Knowledge launches new Headquarters in Egypt
Global Knowledge, worldwide leader in IT today announced the relocation of its Cairo office & training center to Sheraton Heliopolis from Korba.
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Egypt Yellow Pages Application Available at BlackBerry App World
Users of Yellow.com.eg can now download the Egypt Yellow Pages BlackBerry Native Application directly from BlackBerry App World.
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Egypt dairy giant aims to milk market position
Juhayna, Egypt's largest player in the dairy market, is hoping to convince Egyptians milk is good for the nation & the company's share price.
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Minister says Saudi investors didn’t leave Egypt after revolution
Trade and Industry Minister Mahmoud Eissa said Tuesday none of Egypt's Saudi investors have left the country since the 25 January revolution.
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Qualcomm to open Egypt office, zeroes in on emerging markets
Qualcomm, which designs, manufactures & markets digital wireless telecommunications, will open an office in Egypt by the end of 2011.
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Mobinil shifts focus to data services
Egyptian mobile firm Mobinil is switching focus from market share to boosting revenue per user and hopes to expand data services.
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IHG says Bahrain, Egypt unrest cost $4m in Q2
UK-based InterContinental Hotels Group said on Tuesday that the unrest in Bahrain & Egypt had cost its Middle East hotels operation $4m in Q2 2011.
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Egyptian exchange loses 15 billion EGP amidst global fears
Investors must hold on to shares, even though world markets appear to be collapsing, said Rania Nassar, head of research in the Economic Group.
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Modern new salary scheme for Egyptair Maintenance and Engineering
The Egyptair Maintenance & Engineering Company has confirmed its confidence in Lufthansa Consulting.
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Egypt to sell LE5 billion in two and three-year bonds
Finance ministry is gearing up for bonds auction on 15 August, says Central Bank.
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Ezzsteel 2010 consolidated profit soars
Net profit for 2010 was 252 million EGP ($42 million), while net sales rose 32 percent and EBITDA increased 29 percent, ezzsteel said on Tuesday.