International News Fitch revises Nissan’s outlook to negative Nada Ali Nov 26, 2024 0 Fitch Ratings revised on Tuesday the outlook on Nissan Motor Co., Ltd. to negative from stable, reflecting the…
Featured Fitch projects stable outlook for European construction industry Aya El Sayed Nov 24, 2024 0 Fitch Ratings has given the European Engineering and Construction (E&C) sector a ‘neutral’ outlook, citing…
Energy Germany’s EON invests €2.9b in H1 to enhance power grids Aya El Sayed Aug 14, 2024 0 The German utility AEON SE significantly increased its investments by over 20 per cent in the first half of 2024,…
Featured Maersk expects low ’24 earnings Aya Anwar Feb 8, 2024 0 Maersk said on Thursday that it expects 2024 earnings to be significantly lower than last year's level due to an…
Featured TotalEnergies income falls 31% in Q4 ’23 Nada Ali Feb 7, 2024 0 TotalEnergies reported a 31 per cent decrease in net adjusted income to $5.2 billion in the fourth quarter of 2023…
Featured Swiss Holcim firm to spin off N. American business Nada Ali Jan 28, 2024 0 The Swiss cement giant Holcim announced on Sunday its intention to fully spin off its North American business and…
News Abu Dhabi Ports record 4% profit fall in Q2 of 2023 Nada Ali Aug 15, 2023 0 Abu Dhabi Ports Group (AD Ports Group) posted on Tuesday its profit on shareholders that fell by four percent in…
Tech/AI Qatari Ooredoo Q2 net profit rise 26%, beats estimates Sama Mousa Jul 31, 2023 0 Ooredoo, Qatari telecommunications company, announced on Monday that its net profits in Q2 2023 rose to 831 million…
Featured e& reports net profit of $2.72bln in 2022 Nada Ali Mar 7, 2023 0 UAE telecom group e& reported on Monday a rise in consolidated net profit of AED10 billion ($2.72 billion) up…
Featured Etisalat Misr: 2020 revenues grow 22% y-o-y Nayera Eid Feb 23, 2021 0 Etisalat Misr, the Egyptian unit of UAE’s Etisalat Group, reported on Tuesday a 22 percent year-on-year growth in…
Industry & Trade Orascom Construction records Q1 net income $23 mln vs $5.8 mln year earlier Yomna Yasser May 26, 2016 0 Orascom Construction posted a first quarter net profit of $23 million, up significantly from $5.8 million a year…
Tech news Orange First-half Sales, Earnings beat Forecasts Yomna Yasser Jul 28, 2015 0 Orange SA said Tuesday first-half sales and Ebitda fell less than analysts expected while net profit increased,…
Real Estate Orascom Development Registers CHF 31.5 m Profits in H1 Salma Ayman Aug 26, 2014 0 Orascom Development Holding AG's (ODHN) (Orascom Development) revenues increased in 1H 2014 by 2% to CHF…
Tech news Telecom Egypt Hopeful of Mobile License This Year Yomna Yasser Nov 13, 2013 0 Landline monopoly Telecom Egypt - TE (ETEL.CA) is confident the government will grant it a license to provide…
Tech news Telecom Egypt Says Q3 Revenue Surges 15.6% Yomna Yasser Nov 13, 2013 0 Telecom Egypt (TE) (ETEL.CA) on Wednesday reported a 15.6 percent increase in revenue in the third quarter compared…
Industry & Trade Miner Centamin’s Third-Quarter Profit Drops As Gold Price Bites Yomna Yasser Nov 7, 2013 0 Egypt-focused gold miner Centamin said core profit dropped by more than a third in the third quarter, hit by a…
Industry & Trade Egyptian Instability Knocks Czech Textiles Firm Pegas Yomna Yasser Aug 29, 2013 0 Czech synthetic textiles maker Pegas Nonwovens said core profit growth this year was likely to be at the lower…
Tech news Orascom Telecom Incurs $28 mln Loss During Q2/13 Yomna Yasser Aug 7, 2013 0 Orascom Telecom Holding S.A.E. (‘OTH’, or ‘the Group’) (ORTE.CA), a leading provider of mobile telecommunications…
Indices news Citadel Capital Narrows FY12 Net Loss By 12.4%, Reports Improvement Yomna Yasser May 11, 2013 0 Citadel Capital (CCAAP.CA on the Egyptian Exchange), the leading investment company in Africa and the Middle East…
Indices news NBK Capital Sets El Sewedy’s Fair Price At EGP 23, Recommends ‘Hold’ Amwal Al Ghad English Sep 5, 2012 0 NBK Capital issued a report on El Sewedy Electric, fixing the stock's 12-month fair value at EGP 23.0 with 'Hold'…
Indices news Vimpelcom Q2 Net Profit Beats Forecasts Amwal Al Ghad English Aug 15, 2012 0 Emerging markets telecoms operator Vimpelcom posted a 83 percent increase in second-quarter net profit on…
Indices news Orascom Telecom Swings To Quarterly Profit Amwal Al Ghad English Aug 15, 2012 0 Egypt-based Orascom Telecom Holding (OTH) (ORTE) reported second-quarter net profit of $27 million on Tuesday,…
Tech news Etisalat Gets ‘Stable’ Outlook From Fitch Amwal Al Ghad English Jun 24, 2012 0 UAE-based state-owned Etisalat's long-term foreign currency Issuer Default Rating (IDR) has been affirmed by Fitch…
Indices news VimpelCom Q1 Net Profits Up With 4.5% Yomna Yasser May 15, 2012 0 Russian telecommunications company VimpelCom Ltd.VIP +2.75% on Tuesday posted a net profit of $318 million in…
Indices news Orascom Telecom Q1 Net Income 85% Down Yomna Yasser May 15, 2012 0 Orascom Telecom Holding (OTH) (ORTE.CA), the Egyptian firm bought last year by Russia's Vimpelcom, said on Monday…
Indices news Telecom Egypt Q1 Net Profits Up 1.7% Yomna Yasser May 14, 2012 0 Landline monopoly Telecom Egypt Co. (ETEL:CA) reported on Monday a 1.7 percent rise in net profit for the first…
Indices news Nestle To Buy Pfizer Infant-Food Unit For $ 11.9 Bln Yomna Yasser Apr 23, 2012 0 Nestle SA (NESN), the world’s biggest food company, agreed to buy Pfizer Inc. (PFE)’s infant-nutrition unit for…
Indices news Telecom Egypt expects flat revenue in 2012 Yomna Yasser Feb 23, 2012 0 (Reuters) - Landline monopoly Telecom Egypt expects its revenues to be little changed in 2012 and aims to maintain…