Egypt’s El Shams Housing sees 30% fall in 2019 profits
Egypt’s state-run El Shams for Housing and Development expects a 30 percent drop in its profits to reach 150.36…
Browsing Tag
fall
Asian markets mixed following US political uncertainty, trade tensions
Asian markets were mixed on Tuesday afternoon, following the Dow Jones Industrial Average's fall overnight amid…
Oil rises as US fuel supply falls, sanctions on Iran loom
Oil prices inched up on Thursday, extending solid gains from the previous session on a fall in U.S. crude…
Oil rises for second day, buoyed by fall in US inventories
Oil prices rose for a second day on Wednesday after industry group data showed U.S. crude inventories fell more…
Gold prices rise as Italy crisis drives safe-haven buying
Gold prices edged higher in early Asian trade on Wednesday as political turmoil in Italy and concerns over…
Oil prices edge up on lower US crude inventories, global supply risks
Oil prices edged up on Wednesday, lifted by a reported fall in U.S. crude inventories and by the ongoing risk of…
Unemployment rates fall by 2.3% in 3 years: Egyptian FinMin
Egypt's Finance Minister Amr el-Garhy announced that the Egyptian economic reform programme has yielded results,…
Gold prices inch up on buying after steep fall
Gold prices inched up on Thursday on buying after the bullion hit a one-week low and posted its biggest one-day…
US crude rises 26 cents, settling at $61.25, but posts first weekly loss in three weeks
Oil prices rose on Friday as Wall Street stocks bounced off session lows, but crude benchmarks posted their first…
US oil extends gains to hold near 3-week high
U.S. oil prices rose for a fourth session on Tuesday to near a three-week high hit a day earlier, supported by…
Dollar finds footing after steep fall, holds above three-year lows
Dollar prices found some traction on Monday following last week's steep fall and managed to hold above a…
Gold steady on weaker dollar ahead of US price data
Gold prices held firm on Tuesday, buoyed by a weaker dollar, while investors waited for U.S. inflation data for…
State-run Egyptian Iron and Steel sales fall 2.59% in H1-FY2017/18
State-owned Egyptian Iron and Steel Company reported Tuesday a 2.59 percent fall in its local sales, recording…
Egypt’s Amer Group 2017 net profit falls 50%
Egypt's property developer Amer Group reported Sunday a 49.59 percent fall in its 2017 net profit, compared to…
Asian stocks closes mixed as dollar wobbles following overnight gains
Asian markets closed mixed on Friday as the dollar wobbled after gaining overnight following comments from…
Egypt’s state-run Heliopolis Housing profits fall 55% in H1-FY2017/18
Egypt's state-owned Heliopolis Company for Housing and Development reported Monday a 55 percent drop in its profits…
US crude closes above $60 for first time in 2½ years, settling at $60.42 and ending the…
U.S. oil prices rose above $60 a barrel on the final trading day of the year and hit their highest since mid-2015,…
Egypt’s foreign direct investments fall 15.5% in Q1-FY2017/18: ministry
Egypt’s net foreign direct investments (FDI) fell by 15.5 percent to reach $1.58 billion in the first quarter of…
Oil falls on doubts over extending output cuts, surprise rise in US crude stocks
Oil prices fell on Wednesday on doubts OPEC and Russia will agree on extending a crude production cut that the…
Oil prices firm on expected OPEC cut extension
Oil prices firmed on Wednesday after a reported fall in U.S. crude inventories and on expectations that an OPEC-led…
Euro prices steady after biggest daily fall in a month
Euro prices steadied on Tuesday after notching up its biggest fall in nearly a month in the previous session as…
Oil prices fall after IEA casts doubt over demand outlook
Oil prices fell more than 1 percent on Wednesday, continuing Tuesday's slide after the International Energy Agency…
Stocks close lower as GE drops to lowest level since 2011
U.S. stocks fell on Tuesday as shares of General Electric slumped for a second straight day. Concerns about a…
Egypt’s SAIB Bank net profit falls to $5.3 million in Q3
Third-quarter net profit of Societe Arabe Internationale de Banque (SAIB), the first joint Arab Bank working in…
Sterling inches higher after worst day since Brexit vote aftermath
Sterling rebounded modestly on Friday after its biggest one-day fall since the week after June 2016’s Brexit vote,…
Cairo National Co. for Investment 9-month profit drops to 729,290 pounds
Cairo National Company for Investment and Securities said Thursday a fall in its nine-month net profit to register…
Egypt’s Palm Hills Developments Q3 profits fall to 118 mln pounds
Palm Hills, Egypt's second largest listed real estate developer, said Thursday its third-quarter net profits…
Egypt’s state-run Islamic Gharbia 9-month profits fall to 651,868 pounds
Egypt’s state-owned property developer firm, Islamic Gharbia for Developed Buildings said Tuesday its nine-month…
South Korea, China agree to normalize relations after THAAD fallout
Seoul and Beijing have agreed to work swiftly to get their relations back on track following a year-long standoff…
South Korea, China agree to normalize relations after THAAD fallout
Seoul and Beijing have agreed to work swiftly to get their relations back on track following a year-long standoff…
Egypt’s International Co. for Investment and Development 9-month profit falls to 2.1mn…
Nine-month standalone net profit of Egypt-based International Company for Investment and Development fell to 2.1…
Mohandes Insurance Q1 standalone profit falls to 21mn Egyptian pounds
Egypt's Mohandes Insurance Company’s first-quarter standalone net profit fell to 21 million Egyptian pounds ($1.2…
Suez Canal revenues fall to $459.8 million in September
Egypt's Suez Canal revenues dropped to $459.8 million in September from $470.6 million pounds in August, a…
Egypt’s dairy maker Juhayna reports 12% fall in Q3 net profits
Egypt's Juhayna Food Industries Company reported Sunday a 12 percent drop in its net profits to reach 65 million…
Samsung Electronics shares fall 3%, easing from record-high on profit-taking
Shares of Samsung Electronics Co Ltd extended losses on Thursday, easing from a record-high reached on Tuesday due…
Oil prices rise on tighter US market, Middle East tensions
Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle…
Egyptian Co. for International Touristic Projects 9-month profits fall to 16.6mn pounds
Egyptian Company for International Touristic Projects (ECITP) reported Monday a fall in its consolidated net…
Saudi stock may be hurt, Kuwait uninspired by FTSE’s index decisions
Saudi Arabia’s stock market may fall on Sunday after index compiler FTSE decided to delay including Riyadh in its…
Customs exchange rate to fall to 16 Egyptian pounds pounds in September: minister
Egypt will lower its customs exchange rate to 16 pounds per dollar from 16.25, effective September 1, Finance…
Egypt’s Cosmetics exports fall 30% in H1
Egyptian cosmetics exports fell by 30 percent to $69 million during the first half of 2017 from $98 million during…