Egypt’s Edita posts profits of $39.3mn in 2015
Egyptian food maker, Edita has posted net profit of 349.1 million Egyptian pounds (US$39.3million) with an increase…
Browsing Tag
financial
Japan looks to hype up ‘fintech’ revolution
A laggard in embracing the 'fintech', or financial technology, revolution, Japan is set to ease investment…
SODIC’s projects investments cost mounts to $792mn in 2015
Egyptian real estate developer six of October Development & Investment (SODIC) announced that the investments…
Egypt’s SODIC inks sales contracts of $495mn during 2015
Egypt’s real estate developer SODIC signed sales contracts worth 4.4 billion Egyptian pounds (US$ 495.5million)…
Toshiba detects more accounting errors, promises improvement
Japan's Toshiba Corp disclosed additional accounting irregularities on Tuesday after a multi-billion dollar…
Porto Group posts net profit of $4.7m in Aug / Dec 2015
Porto Group posted consolidated net profits of 37,258 million Egyptian pounds(US$4.7 million). The company…
Faisal Islamic Bank’s volume of business surges 7.4% in January
Faisal Islamic Bank of Egypt’s volume of business has increased by 7.4 percent to register EGP 56.141…
Fed’s ‘dot plot’ looks increasingly out of touch on rates
The Federal Reserve's rate path "dot plot" has become increasingly detached from financial markets' interest-rate…
IMF’s Lagarde says markets need clarity on China currency
Financial markets need more clarity on how Chinese authorities are managing their currency, particularly the…
China plans to end green vehicles subsidies after 2020
China plans to gradually reduce the amount of subsidies for new-energy vehicles and will stop providing financial…
