Guides & Analytics
Egypt imports 300,000 T of Steel in 7 months
Egypt has imported 300,000 tonnes of steel with the cost of EGP 1.44 billion (US$178 million) at the end of July 2015, Head of building materials division at Cairo…
World Bank approves $550mln Program to improve Egypt’s Sanitation Services
The World Bank's Board of Directors approved a program worth US$550 million to improve sanitation services for more than 800,000 poor Egyptians in rural areas , the…
Facebook profit downs 9 % as Costs soar
Facebook Inc reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile…
Egypt finishes work on New Suez Canal
Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and a…
Misr Chemical Industries attains $37mln Net Profits in a year
Misr Chemical Industries (MICH) posted net profits of EGP 37.344 million opposed to EGP34.567 million a year earlier, firm's financial results revealed.
Mobinil’s Consolidated Losses shrink 73.6% in H1 of 2015
Mobinil, one of Egypt’s three mobile operators, recorded a decline in the amount of consolidated losses for the period ending 30 June 2015, representing the…
Asian Shares, Dollar up on Fed’s Optimism; Earnings in Focus
Asian stocks tiptoed higher on Thursday and the dollar consolidated recent gains after the U.S. Federal Reserve painted a relatively bright picture of the economy,…
Egypt’s Maridive & Oil wins $23mln Contract in UAE
Maridive & Oil Services Company (MOIL) has won new contract worth US$23 million in United Arab Emirates to rent naval unit for five years starting from August…