BREAKING: Spain’s Glovo to exit four markets, including Egypt
Spanish startup Glovo announced on Tuesday it is exiting four markets; Egypt, Turkey, Uruguay and Puerto Rico, as…
Browsing Tag
profitability
National Bank of Egypt eyes more loans, deposits, profitability by June 2020
National Bank of Egypt, the country’s largest bank by assets, says it targets 15-20 percent growth in loans,…
Egypt’s Middle East Glass Manufacturing 9-month profits rise to 65 mln pounds
Egypt’s Middle East Glass Manufacturing Company (MEGM) revealed Sunday that it turned into profitability, recording…
Egypt’s Ezz Steel Q3 profits surge by 551%
Egypt’s largest steel producer Ezz Steel reported Wednesday a 551 percent increase in its profits to reach 318.4…
Foreign firms in Egypt achieve 40% profitability rates annually – c.bank chief
Foreign companies operating in Egypt achieve profitability rates ranging between 30 percent and 40 percent per…
Egypt CBE increases reserve requirement on deposits by 14%
The Central Bank of Egypt (CBE) said on Tuesday it is increasing the reserve requirement on deposits from ten…
Uber Technologies ups Q2 bookings by 16%
Uber Technologies Inc reported Wednesday a 16 percent increase in quarterly bookings and a smaller loss than the…
Uber’s finance head leaves, company’s quarterly loss narrows
Uber Technologies Inc said its head of finance is leaving, and the privately held ride-hailing company also said…
Govt. aims to nurture Egyptian Agricultural Bank back to profitability
While most eyes last month were on the flotation of the currency and an increase in the prices of fuel, Egypt made…
Tesla Motors posts less than expected second quarter profits
Tesla Motors Inc reported a steeper than expected quarterly loss on Wednesday on higher spending at its vehicle and…
