Russia’s MOEX rises on Monday
the MOEX index climbed to 3,120.16 points on Monday, marking a 0.19 per cent increase, while the RTS index also…
Browsing Tag
increase
ABK-Egypt reports significant Q1 ’24 financial growth
Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) reported on Monday a substantial increase in its Q1 2024 financial…
STOXX 600 inches Up, tech wins over banking woes
European stock markets experienced a varied day of trading on Wednesday, with the STOXX 600 index seeing a modest…
Samsung Electronics flags 23% growth in second-quarter operating profit
Samsung Electronics Co Ltd flagged a 23 percent increase in second-quarter operating profit on Tuesday, beating…
No increase in Egypt’s basic commodities’ prices – statement
Egypt's Cabinet dismissed on Thursday news reports about hiking prices of basic commodities due to a shortage in…
No increase in consumer price of gasoline – Egyptian FinMin
The selling price of gasoline and diesel fuel to consumers will not increase after parliament approved new levies…
Egypt says no increase in oil prices
The cabinet's media centre has denied reports about increasing the prices of oil products as a result of the…
ABK-Egypt posts 62% surge in 2018 net profit
Building on its strong performance since entering the Egyptian market, Al Ahli Bank of Kuwait–Egypt (ABK-Egypt)…
Suez Canal Economic Zone’s FY202017/18 profits rise 26%
Egypt’s Suez Canal Economic Zone (SCZone) posted a 26 percent surge in its profits to 1.631 billion Egyptian pounds…
Egypt’s non-oil exports rise 10% in 2018
Egypt’s non-petroleum exports increased 10 percent to $24.826 billion during 2018 from $22.626 billion during 2017.
Cairo for Investment’s profits rise 18% in three months
Cairo for Investment and Real Estate Development reported on Wednesday an 18 percent increase in its profits to…
Egypt eyes 2% up in trade exchange with Africa: minister
Egypt seeks to increase its trade exchange with Africa to 1.5-2 percent, said Trade and Industry Minister Amr…
Egypt to maintain customs exchange rate at EGP 16 in Jan. for essential goods
Egypt will maintain the existing customs exchange rate for essential goods at 16 Egyptian pounds per $1 until the…
Egypt’s domestic liquidity rises 3.2% in three months: c.bank
Egypt's domestic liquidity jumped 3.2 percent to 3.563 trillion pounds during the July-October 2018 period of the…
Egypt targets 15-20% increase in annual exports: minister
Egypt's Minister of Planning Hala al-Saeed said on Monday exports are vital for the Egyptian economy, adding that…
US crude rises 2.2%, settling at $52.61, after OPEC and allies reach deal to cut output
Oil prices surged higher on Friday after OPEC, Russia, and several other producers reached an agreement to cut…
Cairo for Investment profits rise 95% in FY2017/18
Cairo for Investment and Real Estate Development (CIRA) reported on Sunday a 95 percent increase in its profits to…
Egypt’s Orascom Construction 9-month profits rise 44.96%
Egyptian Orascom Construction's nine-month profits rose 44.96 percent to $119.3 million from $82.3 million last…
Oil strengthens ahead of G20 meeting, but supply rise caps gains
Oil ticked higher on Thursday on optimism that trade talks at the G20 meeting could aid the global economy and…
Egypt’s Orascom Construction third-quarter profits rise 37%
Egypt’s global engineering and construction firm Orascom Construction reported on Wednesday a 37 percent increase…
No new hikes in Egypt’s electricity prices until July – minister
Egyptian Electricity Minister Mohamed Shaker announced on Monday that there will be no increased in electricity…
Gold little changed as Fed official’s remarks boost dollar
Gold were tepid on Wednesday pressured by a robust dollar after a senior U.S. Federal Reserve official reaffirmed…
IMF expects increase in Egypt’s private investments
The International Monetary Fund (IMF) is projecting an increase in private investments in Egypt as a result of…
Egypt’s exports to Nile basin countries hit 19.9bn pounds in 2017
Egypt's exports to Nile basin countries reached 19.9 billion pounds in 2017 from 11.6 billion pounds in 2016, with…
Egypt’s dates exports rise 73% in nine months
Egypt's exports of dates recorded a significant increase over the past nine months of 2018, compared to the same…
Tax revenues for Q1-FY2019 at EGP 8 bln above target
The head of Egyptian Tax Authority Emad Sami said on Wednesday 115.9 billion pounds in tax revenues were collected…
Egypt targets GDP growth rate of 10% in FY2029/30: minister
Egypt's Planning Minister Hala El-Saeed has said that the government seeks to achieve a gross domestic product…
Shares in Europe seen higher on corporate earnings; Italy, Brexit remain on radar
Shares in Europe are poised for a higher open Monday morning as investors focus on earnings and sentiment bounces…
Egypt’s fuel subsidy bill rises 1 bln pounds in Q1-FY2018/19
Egypt’s fuel subsidy bill hiked by nearly one billion Egyptian pounds ($55.7 million) during the first quarter of…
Egypt automotive market to maintain 40% growth rate in H1
Egypt's automotive market will maintain the growth rates achieved within the first half of the year, according to…
Egypt’s fuel subsidies to exceed 100 bln pounds in FY2019
Egypt’s fuel subsidy will reach more than 100 million pounds within the financial year 2018/2019 budgeting, said a…
Asian stocks broadly positive as Nikkei touches highest intraday level since Nov. 1991
Asian stocks were largely positive on Friday, amid gains in Japan's Nikkei 225 which led the index to its highest…
Orascom Development board OKs 22.1 mln capital hike
Egyptian Orascom Development Company's board of director has agreed to raise the company’s issued capital to 1.13…
Egypt’s foreign debt ups to $92.64 bln in June: PM
Egypt’s foreign debt rose to $92.64 billion at the close of the financial year in June, up from $88.2 billion at…
Egypt’s Talaat Moustafa profits rises 5% in Q2
Egypt's property developer Talaat Moustafa Group Holding (TMG) on Tuesday reported a 4.6 percent increase in its…
Egypt’s Orascom Development H1 profits surge 4.7%
Egypt's Orascom Development on Tuesday reported a 4.7 percent increase in its consolidated profits, recording…
Egypt sees 80% surge in UK tourists at year-end
The British newspaper The Guardian revealed on Friday that British tour operators have revealed an increase in…
Egypt’s foreign debt hits $88.2 bln in March: CBE
Central Bank of Egypt (CBE) said in a statement on Monday that the country's foreign debt reached $88.2 billion at…
An Egyptian firm to import gas from Israel in H1-2019
A private Egyptian company is planning to import natural gas from Israel for re-export in the first quarter of…
Egypt gets $48.3 mln from Sukari gold mine in H1
The Egyptian Public Treasury Authority has received nearly $48.3 million from the Sukari gold mine during the first…