Featured Deutsche bank faces profit risk amid Postbank lawsuit Aya El Sayed Jul 16, 2024 0 Deutsche Bank is expected to report a loss for the second quarter, breaking a 15-quarter streak of profitability,…
forex news Gold falls as US dollar gains on solid jobs data Amwal Al Ghad English Nov 3, 2018 0 Gold slipped on Friday as the U.S. dollar regained some ground on the back of strong American jobs data, putting…
forex news US crude posts 4% weekly loss, settling at $71.34, dragged down by market sell-off Amwal Al Ghad English Oct 13, 2018 0 Brent crude gave back early gains and turned lower Friday after a closely watched forecaster said world oil supply…
Sports Top Egyptian Club Coach hands resignation after Champions League loss nada nasser May 16, 2018 0 Egypt's Ahly manager Hossam El-Badry handed in his resignation on Tuesday, a few hours after the Red Devils slumped…
World European stocks follow Wall Street to close lower as trade war fears escalate Yomna Yasser Mar 24, 2018 0 European equities closed sharply lower on Friday, as heightened fears of a trade war shook global markets. The…
World Stocks fall for the week on rising trade tensions Yomna Yasser Mar 17, 2018 0 A slight gain on Friday was not enough to stop stocks from posting a loss this week, weighed down by fears of a…
Banks Reserve Bank of Australia posts $719.8mn loss in FY2017 Yomna Yasser Sep 14, 2017 0 The Reserve Bank of Australia (RBA) posted a loss of A$0.9 billion ($719.8 million) in the year ended June,…
Tech news Uber Technologies ups Q2 bookings by 16% Yomna Yasser Aug 24, 2017 0 Uber Technologies Inc reported Wednesday a 16 percent increase in quarterly bookings and a smaller loss than the…
Banks Barclays incurs $1.6 billion losses on Africa sale, but CEO Staley says feels optimistic Yomna Yasser Jul 29, 2017 0 U.K. lender Barclays posted a net loss of £1.21 billion ($1.58 billion) for the first half of 2017, hit by the drop…
Tech news Orange Egypt losses jump by 3245% in H1 Yomna Yasser Jul 24, 2017 0 French telecoms company Orange posted a bigger first half loss in Egypt, its financial indicators showed Monday.…
Tech news Ericsson slashes 2017 market forecast as Q2 earnings lag consensus Yomna Yasser Jul 18, 2017 0 Mobile telecom equipment maker Ericsson reported on Tuesday a heavier than expected second-quarter loss and lowered…
forex news Gold heads for first monthly loss this year as rally stalls in Q2 Yomna Yasser Jul 1, 2017 0 Gold prices eased on Friday to stay on track for its first monthly loss this year, as hints from leading central…
Tech news Uber’s finance head leaves, company’s quarterly loss narrows Yomna Yasser Jun 1, 2017 0 Uber Technologies Inc said its head of finance is leaving, and the privately held ride-hailing company also said…
International News Le Pen loss to be a win for European equities Yomna Yasser Mar 28, 2017 0 If far right French presidential candidate Marine Le Pen loses the election, it will spur a significant surge of…
forex news US crude settles at $47.97, falling 1.7% this week Yomna Yasser Mar 25, 2017 0 U.S. crude broke a four-day losing streak in thin trade on Friday, but posted a weekly loss as concerns persisted…
International News Trump pays taxes of $38 mln in 2005: White House Yomna Yasser Mar 15, 2017 0 U.S. President Donald Trump paid $38 million in taxes on more than $150 million in income in 2005, the White House…
Banks RBS racks up ninth straight year of losses Yomna Yasser Feb 25, 2017 0 Royal Bank of Scotland (RBS), one of the U.K.'s "big four" banks, reported its ninth consecutive year of losses in…
Sports League leaders Ahly aim to bounce back at Ismaily after Egypt’s Super Cup loss Yomna Yasser Feb 15, 2017 0 Ahly will be determined to put their Egyptian Super Cup loss against arch-rivals Zamalek behind their backs when…
Banks Deutsche Bank incurs $2 billion loss in Q4 as litigation costs weigh Yomna Yasser Feb 2, 2017 0 Embattled German lender Deutsche Bank incurred a net loss of 1.9 billion euros ($2.05 billion) for its fourth…
Tech news As nuclear loss grows, Toshiba needs chip investors, soon Noha Gad Jan 22, 2017 0 With mounting writedowns from its nuclear business, Japan's Toshiba Corp is looking to sell part of its core…
Tech news Vodafone loss deepens on large Indian write-down Ghada Ismail Nov 15, 2016 0 Vodafone Group PLC said Tuesday that it remained on track to meet its full-year goals despite reporting a sharply…
Tech news LG Electronics says third-quarter profit down 3.7 percent vs. year earlier Ghada Ismail Oct 27, 2016 0 South Korea's LG Electronics Inc said on Thursday its third-quarter operating profit fell 3.7 percent from a year…
International News Trump not sure of accepting election loss nada nasser Oct 20, 2016 0 When pressed to commit to accepting the result of the US presidential election at the third and final debate,…
Real Estate Dubai-based Arabtec Q2 net loss narrows but costs still weigh aya salah Aug 14, 2016 0 Dubai contractor Arabtec on Sunday reported a narrower loss in the second quarter compared to a year earlier, its…
Tech news Tesla Motors posts less than expected second quarter profits Ghada Ismail Aug 4, 2016 0 Tesla Motors Inc reported a steeper than expected quarterly loss on Wednesday on higher spending at its vehicle and…
Tech news Sharp first quarter loss declines on cost cuts, but revenue plunges by a third Ghada Ismail Jul 30, 2016 0 Japanese electronics maker Sharp Corp reported a smaller first-quarter loss helped by restructuring and cost…
Industry & Trade BP says posts replacement cost of $2.25 billion Yomna Yasser Jul 26, 2016 0 The British energy giant BP PLC reported a second-quarter loss due to a multibillion-dollar charge relating to its…
Industry & Trade Fiat Chrysler recalling 410,000 vehicles Noha Gad Jul 23, 2016 0 Fiat Chrysler Automobiles NV (FCHA.MI) said on Friday it is recalling nearly 410,000 vehicles worldwide because of…
Industry & Trade Mitsubishi Motors sees annual net loss due to mileage scandal Noha Gad Jun 21, 2016 0 Mitsubishi Motors Corp (7211.T) expects to post a net loss for the current financial year over its mileage cheating…
World Asia shares firm but set for near 2 percent monthly loss Noha Gad May 31, 2016 0 Asian shares recovered from a wobbly start on Tuesday, but remained on track for a monthly loss, while the dollar…
Tech news Egypt’s Global Telecom posts $87.5 mln Q1 net profit aya salah May 12, 2016 0 Egypt's Global Telecom swung to a first-quarter net profit of $87.5 million from a loss of $82.3 million a year…
Real Estate Sawiris’ Orascom Construction incurs $334 m net loss in 2015 aya salah Apr 26, 2016 0 Orascom Construction Limited, owned by Egyptian tycoon Nassef Sawiris, reported $ 334.4 million loss according to…
Real Estate Egypt’s Qalaa Holdings posts $923k in FY 2015 aya salah Apr 24, 2016 0 Egyptian leading real estate company, Qalaa Holdings (CCAP) reports net loss after minority interest of 1,155.4…
Tech news Yahoo revenues decline as internet firm reviews bid options Ghada Ismail Apr 20, 2016 0 Yahoo has reported a $99m (£69m) quarterly loss, compared to a $21.2m profit for the period last year, as it…
Tech news Blackberry squeezed as sales decline Ghada Ismail Apr 2, 2016 0 BlackBerry sales fell by almost $200m in the three months to the end of February in a bigger-than-expected slide…
Industry & Trade Egypt’s Ezz Steel posts 2015 net loss of $47 mln aya salah Mar 31, 2016 0 Egypt's Ezz Steel posted a full year net loss of 418.03 million Egyptian pounds ($47 million) in 2015, compared…
Tech news Global Telecom turns to profitability in 2015 aya salah Mar 14, 2016 0 Global Telecom Holding (GTHE) posted consolidated net profit of $ 9.8 million against incurring net loss of $444.3…
Life Style Factors you need to know if you’re drinking lemon water for weight loss Noha Gad Mar 9, 2016 0 People nowadays have a trend to start their day by drinking water with lemon for their weight loss plans. Not only…
World China stocks tumble over 6% , worst loss in a month Noha Gad Feb 25, 2016 0 China stocks tumbled more than 6 percent on Thursday, posting their biggest one-day loss in a month, as investors…
Banks Morgan Stanley reports quarterly profit as costs plunge aya salah Jan 19, 2016 0 Morgan Stanley posted a fourth-quarter profit, compared with a year-earlier loss, as its legal costs plunged and…