Industry & Trade Siemens says profit rises 42%; raises 2016 guidance Yomna Yasser Jan 26, 2016 0 German industrial giant Siemens AG posted a 42 percent jump in net profit for the first quarter of fiscal year 2016…
Banks Al Baraka Bank – Egypt 2015 net profit up 18% Yomna Yasser Jan 24, 2016 0 Al Baraka Bank – Egypt, part of the Bahraini Al Baraka Group, reported an 18 percent rise in 2015 net profit, the…
Banks Faisal Islamic Bank-Egypt says net profit rises 20.8% at 2015-end Yomna Yasser Jan 17, 2016 0 Faisal Islamic Bank of Egypt reported a 20.8 percent year-on-year growth in net profit by end of December 2015, the…
Banks Beltone record $656.8mn in pre-acquisition net profit Yomna Yasser Jan 11, 2016 0 Egypt's Beltone Financial Holding has registered a net profit worth 5.143 million Egyptian pounds (US$656.8…
Industry & Trade Egyptian cable maker El-Sewedy says 9-month net profit jumps 230.7% aya salah Dec 2, 2015 0 Egyptian cable maker El Sewedy Electric reported a 230.7 percent surge in its nine-month net profit to record 1.1…
Industry & Trade Nassef Sawiris’ OCI turns to profitability in H1-2015 Yomna Yasser Nov 29, 2015 0 Orascom Construction Industries (OCI), owned by Egyptian tycoon Nassef Sawiris, posted a first half net profit…
Tech news Telecom Egypt says Q3 net profit jumps 360% Yomna Yasser Nov 16, 2015 0 Telecom Egypt, the country's state-run landline monopoly, posted a 360 percent jump in its third quarter net…
Real Estate Egyptian developer SODIC 9-month net profit surges to $27.9mn Yomna Yasser Nov 15, 2015 0 Egypt's third-largest listed property developer SODIC (OCDI.CA) reported Sunday a 9-month net profit of 224 million…
Banks Egypt’s EFG Hermes records rise in Q3 net profit Yomna Yasser Nov 11, 2015 0 Egypt's EFG Hermes, one of the Middle East's largest investment banks, reported Wednesday a rise in third-quarter…
Banks Commercial International Bank Q3 net profit up 37% Yomna Yasser Nov 11, 2015 0 Egypt's largest private sector bank, Commercial International Bank (CIB) posted third quarter net profit of 1.33…