EGX Extended Gains Backed By Arab Purchases
On Sunday’s midday session, the EGX extended its morning gains to reach EGP 1.76 billion as the capital market…
Huge Blaze at Paper Mill in Shubra Al Khaima
A huge fire started on Monday morning at a paper mill in Mustorod district, Shubra Al Khaima. Almost 650 ton of…
United Bank To Offer EGP 90 Mln Islamic Loan To Tawfeek Financial Lease
United Bank approves offering Islamic sharia-compliant finance with value of EGP 90 million to Al Tawfeek Co. for…
Shares Mostly Down; NILEX
During Monday trading, NILEX’s listed shares have witnessed weak performance amidst trading in 5 securities in…
UAE’s National Bank Of Fujairah Q1 Profit Records Dhs64.5 Mln
National Bank of Fujairah PSC (NBF) recorded a net profit of Dhs64.5m for the three month period ended 31 March…
Djezzy Appeal On $1.3 Bln Fine Postponed To May 6
An Algerian court on Sunday postponed an appeal hearing into a $1.25 billion fine imposed on Djezzy, the local…
CIB Markets US$ 175 Mln Ethylene Loan By Mid May
Commercial International Bank plans to market its share in the loan offered to Egyptian Company for Ethylene which…
Japan, US to Boost Ties
Japanese Prime Minister Yoshihiko Noda is meeting United States President Barack Obama in Washington to boost the…
Orascom Construction Gets Consent For Shareholder Vote On Split
Orascom Construction Industries (OCI) (OCIC.CA) said on Monday Egyptian Financial Supervisory Authority (EFSA) had…
Saudi Arabia’s Banks Q1 Profit Reports SR9.6 Bln
Saudi Arabia’s 12 major banks reported a total profit of SR9.6 billion in Q1, 2012, reflecting a year-on-year…