News
-
Egypt Gas loses EGP 17.3m in Q1 2015
The company witnessed a workers’ strike in April.
-
Egyptians brace for dark summer despite authorities' pledge to solve power cuts
The government of President Abdel-Fattah El-Sisi has said it will put an end to the outages by adding 6 gigawatts of electricity to the national grid by the end of the calendar year.
-
National Bank Egypt the fastest growing : Business News index
NBE has most customer satisfaction, 255 companies take part in the evaluation, Emirates NBD is third best bank.
-
Global banking is HSBC’s priority in Egypt: Blanchet
HSBC launched in April its second International Growth Fund, worth EGP 300m, to support SMEs.
-
Egypt's Madinet Nasr Q1 net profit falls 51 pct y-o-y
The company reported net profit of 50.8 million pounds in the first quarter of 2014.
-
Egypt's Juhayna says Q1 net income rises 51 pct
The company's revenue rose 7 percent to 867 million Egyptian pounds in the quarter.
-
Egypt eyes Viet Nam's investment potential
Last year, trade between Viet Nam and Egypt reached US$395 million, a $100-million increase from 2013. The two countries are striving to raise this figure to $400 million this year.
-
Russian business delegation to visit Egypt May 25
Trade volume between the two countries amounted to $5.5 billion in 2014, according to the State Information Service.
-
Egypt Stocks Eye Bear Market as Dollar Squeeze Curbs Trading
Egypt’s dollar drought is driving last year’s best-performing Middle Eastern stocks toward a bear market as trading slumps.
-
14 GCC, Egyptian investors request North Coast land for tourist resorts: Ministry official
TDA aims to offer North Coast land tender in second half of 2015 as part of country’s intention to develop region.
-
ABG Egypt unit income surges 21pc
Total financing and investments portfolio grew by 4pc to reach $2.6bn by the end of March this year.
-
Egypt targets 5% growth in FY2015/16: Minister
The state budget will only feature LE55 billion in government investments while the rest will be financed from various sources.
-
Egypt's CIB bank Q1 net profit up 38 pct year-on-year
CIB had in 2014 posted a 36 percent rise in net profit for the full year.
-
Israel says Egypt buying advanced Russian air defense system
Egypt depends on extensive U.S. military aid, which can potentially be influenced by Israel's own lobbying clout in Washington.
-
Gulf Extrusions sees demand for aluminium products rising in Egypt
A commercial office will open in Egypt before the end of the year to take advantage of a growing market boosted by housing sector. demand
-
Telecom Egypt posts 9.9 pct rise in Q1 net profit
Telecom Egypt's landline market has come under pressure as more Egyptians use services provided by mobile phone companies, Vodafone Egypt, Etisalat and Mobinil.
-
Egypt to see $30bn investment in coal industry by 2020: Minister
Egypt suffers from an energy shortage that has hit production in the manufacturing industry and leads to frequent power blackout.
-
Egypt is only Mena market to issue IPOs in Q1 2015: EY
Both of the IPOs that closed in Q1 2015 were companies based in Egypt, with Orascom Construction opting for a dual listing on the Egyptian Stock Exchange (SE) and Nasdaq Dubai.
-
Egypt, Italy sign airlines development deal
Italy is Egypt's biggest European trading partner, with trade between the two countries reaching $6.1 billion in the fiscal year 2013/14.
-
$15B provided for import needs in 4 months: CBE governor
CBE sold $800 million at regular FX auctions last week to cover pending backlog for the import of raw materials, production requirements and spare parts and food commodities.