Guides & Analytics
EGX Losses EGP 576 Mln on Wednesday’s Closing
On Wednesday’s closing session, the EGX incurred losses of EGP 576 million as the capital market amounted to EGP 342.266 billion. The main index, EGX 30 sagged 0.13%…
Zain Nears Financial Deal of SR 9.75bln
Indebted telecoms operator Zain Saudi said it was finalizing the refinancing of a SR9.75 billion facility due in July after it posted another quarterly loss. This…
Barred MB’s Candidate: The Military Council not to transfer Power
The Muslim Brotherhood's candidate who was disqualified from Egypt's first presidential race since Hosni Mubarak's ouster said on Wednesday that the ruling army…
New Reshuffle in Libyan Govt may occur in Few Weeks
Libya's ruling National Transitional Council is reviewing the work of some of the government's ministers and may choose to replace them, an NTC spokesman said…
US Sanctions On Iran’s Oil To Eliminate Economic Rivals: FM Spokesman
Iran's Foreign Ministry Spokesman Ramin Mehmanparast says one of the main reasons behind the US sanctions against the Islamic Republic’s oil sector is that…
Tinawi: Egypt’s Economic Identity is Unclear
Akram Tinawi, chief executive officer and managing director of Arab Banking Corporation-Egypt, stressed on the importance of forming an economic consultative council…
Orascom Construction Industries Profits Reach EGP 4.5 Bln
Orascom Construction Industries (OCIC.CA) posted net profits of EGP 4.480 billion during the fiscal year ended 31/12/2011, higher 22.8% as the company had recorded…
Mobily’s Net Income Increases by 21%
Saudi-based telecom operator, Etihad Etisalat (Mobily) has said its first-quarter net income rose 21% to SR1.21bn, compared with SR998m for the same period last…