Banks Handelsbanken’s Q4 profits beat analysts’ predictions Aya El Sayed Feb 7, 2024 0 Svenska Handelsbanken AB, Sweden’s biggest property lender, unexpectedly offered a dividend that surpassed the…
Banks Banque Misr: pre-income tax profit hits EGP 59.3 bln in 9 months Nada Ali Dec 31, 2023 0 Banque Misr announced on Sunday that its pre-income tax profit had hiked to 59.305 billion Egyptian pounds by the…
Banks National Bank of Egypt nine-month net profit hits EGP 48.26 billion Nada Ali Jan 23, 2023 0 The National Bank of Egypt (NBE), the country’s largest public lender, reported on Monday a net profit 22.778…
Banks CIB Egypt aims to increase its capital to EGP 29.9 Nada Ali Jan 6, 2023 0 The Commercial International Bank (CIB-Egypt) announced that it had submitted documents for registering shares to…
Banks Egypt’s Banque Misr achieves EGP 16.5bn pretax profit in 6 months mohamed Hamdy Dec 4, 2022 0 Egypt’s second largest public bank Banque Misr reported on Sunday its pretax profits to record 16.560 billion…
Banks Ahli United Bank achieves EGP1.39 billion net profit in 9 months Nada Ali Nov 23, 2022 0 Ahli United Bank – Egypt (AUBE), reported on Tuesday that it achieved a 1.39 billion Egyptian pounds net profit for…
Money Saudi Amlak International posts 14.5% growth in net income Amwal Al Ghad English Apr 8, 2020 0 Saudi Arabia’s non-bank real estate lender, Amlak International's net income grew 14.5 percent to SAR 70 million,…
Money Al Baraka Bank 9-month net income hits $132 million Yomna Yasser Nov 3, 2019 0 Al Baraka Banking Group BSC (ABG), a Bahrain-based leading Islamic banking group, achieved a net income of $132…
Money Afreximbank 9-month gross income rises 14.3% Ahmed Ali & Hesham Ibrahim Nov 24, 2018 0 The African Export-Import Bank (Afreximbank) reported a 14.3 percent rise in nine-month gross income to $546.6…
Banks CIB bank Egypt 2017 profits surge 25% Yomna Yasser Feb 1, 2018 0 Egypt's largest listed bank, Commercial International Bank (CIB) on Thursday posted a 25 percent year-on-year surge…
Industry & Trade Russia’s Gazprom Q2 net income falls 80% yr/yr, misses forecast Yomna Yasser Aug 30, 2017 0 Russian gas giant Gazprom announced Tuesday its second-quarter net income dropped by more than 80 percent…
Real Estate Orascom Construction posts 21.7% increase in Q1 net income Yomna Yasser May 24, 2017 0 Egypt-based Orascom Construction (OC) has reported a 21.7 percent increase y-o-y in its net income during the first…
Industry & Trade BP annual earnings fall to 10-year low, warns OPEC cut could affect 2017 production Yomna Yasser Feb 7, 2017 0 BP disappointed analysts Tuesday morning, reporting lower-than-expected net income in the fourth quarter and annual…
Banks Credit Agricole Q3 net profit increases to $2.05 billion Yomna Yasser Nov 8, 2016 0 Credit Agricole has restructured its complex business throughout the third quarter, enabling it to set a minimum…
Banks Emirates NBD six-month net profit rose 41% in Egypt Yomna Yasser Aug 20, 2016 0 Emirates NBD reported Saturday a 41 percent rise in net profit in Egypt during the first half of the year, to…
Financial Institutions Zurich Insurance H1 profits fall but CEO is pleased Yomna Yasser Aug 11, 2016 0 Zurich Insurance posted net income of $1.6 billion for the first half, down by 22 percent on-year, but the head of…
Banks EGBank first half profits double to $29.4 mln Yomna Yasser Aug 2, 2016 0 Egyptian Gulf Bank (EGBank) has more than double profits in the first half of the year to 260.6 million Egyptian…
Banks Deutsche Bank says Q2 net income plunges nearly 100% year-on-year Yomna Yasser Jul 27, 2016 0 Deutsche Bank, the German bank which is an important part of the global financial system, announced revenue and…
Industry & Trade Egypt’s dairy maker Juhayna raises full year dividend Yomna Yasser Feb 11, 2016 0 Egypt's Juhayna Food Industries, one of the country's largest dairy product and juice makers, is to distribute a…
Industry & Trade INTERVIEW: Orascom Construction sees power, transport as growth areas Yomna Yasser Nov 24, 2015 0 Orascom Construction Ltd (OC), spun off from OCI NV in March, is banking on Egypt's need to expand power generation…
Banks Piraeus Bank Egypt obtains $10 mln net income in 2015 H1 Noha Gad Jul 16, 2015 0 Piraeus Bank Egypt has achieved net income worth EGP80 million (US$10.2 million) within the first half of…
Banks Al Baraka Egypt Income climbs 21% Yomna Yasser May 13, 2015 0 Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group (ABG) and its investment arm in Egypt,…
forex news BP Posts Fall in Profit as Lower Oil Prices Bite Administrator Apr 28, 2015 0 BP PLC on Tuesday reported a fall in first-quarter profit from a year earlier, giving the first glimpse of how low…
Tech news IBM Sales fall for 12th Quarter, Currency Weighs Noha Gad Apr 21, 2015 0 International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company…
Banks ADIB Egypt: Net Positive Income Hit EGP103mn for 1st Time Since 2007 Yomna Yasser Apr 6, 2014 0 Abu Dhabi Islamic Bank (ADIB) – Egypt announced on Sunday its financial results for the year ending 31st December…
Banks Profits Rise 8% at Egypt’s Largest Bank Yomna Yasser Feb 4, 2014 0 Egypt's largest bank saw an eight percent rise in its net income in the fiscal year 2012/13 compared to the year…
Industry & Trade GB Auto Q3 Net Income Hits EGP7.5 mln Yomna Yasser Nov 14, 2013 0 GB Auto (AUTO.CA), a leading automotive assembler and distributor in the Middle East and North Africa, announced…
Banks BNP Third-Quarter Profit Rises on Lower Provisions for Bad Debt Yomna Yasser Oct 31, 2013 0 BNP Paribas SA (BNP), France’s largest bank, unexpectedly posted an increase in third-quarter profit as it set…
Indices news OCI N.V. H1/2013 Net Income Dips to $56.0 mln Yomna Yasser Aug 29, 2013 0 OCI N.V. reported financial results for the first half of 2013 which reflected 75.7% ownership in Orascom…
Banks Suez Canal Bank: EGP5 bln Loan Portfolio In June 2013 Salma Ayman Aug 18, 2013 0 Suez Canal Bank’s loan portfolio and facilities hiked to EGP 5.002 billion by the end of June 2013 compared to EGP…
Banks Net Income of Al Baraka Banking Group Increased by 16% to US$140 Million in the First Half… Amwal Al Ghad English Aug 4, 2013 0 The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C. (ABG) announced that its net income…
Tech news Sony Profit Beats Estimates as Weaker Yen Boosts Overseas Sales Yomna Yasser Aug 1, 2013 0 Sony Corp. (6758), considering Daniel Loeb’s push for a partial sale of its entertainment assets, posted…
Tech news Samsung Misses Estimates as High-End Phones Near Saturation Yomna Yasser Jul 26, 2013 0 Samsung Electronics Co. (005930), the world’s biggest smartphone maker, posted second-quarter earnings that missed…
Banks Visa Inc. Reports Fiscal Second Quarter 2013 Net Income of $1.3 billion or $1.92 per… Amwal Al Ghad English May 12, 2013 0 Visa Inc. (NYSE: V) today announced financial results for the Company's fiscal second quarter 2013 ended March 31,…
Banks Net Income of Al Baraka Banking Group Jumped by 15% to US$66 Million Amwal Al Ghad English May 12, 2013 0 The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that its net income…
Indices news EFG-Hermes Posts US$0.68 Bln AUM In 2012 Yomna Yasser Apr 3, 2013 0 EFG-Hermes (HRHO.CA) the leading investment bank in the Arab world, released on Wednesday its consolidated…
Industry & Trade Egypt’s GB Auto Sees Home Market Shrinking After Strong Q4 Yomna Yasser Mar 6, 2013 0 Egyptian vehicle assembler and distributor GB Auto (AUTO.CA) said on Wednesday its net income grew 74.2 percent…
Real Estate Egypt’s SODIC Posts 2012 Net Profit Of EGP257 Mln After Loss In 2011 Yomna Yasser Feb 28, 2013 0 Egyptian property developer SODIC (Sixth of October Development & Investment Company) (OCDI.CA) said on…
Indices news OCI Reports 31% Decline In Q3 Earnings Yomna Yasser Nov 28, 2012 0 Orascom Construction Industries (OCIC.CA) announced its Q3 2012 results today with consolidated revenues of $…
EGX EFG Hermes Reports 37% Year-On-Year Rise In Net Income To EGP 45 Million In 3Q2012 Amwal Al Ghad English Nov 20, 2012 0 EFG Hermes*, the leading investment bank in the Arab world, released today its consolidated financial results for…