Egypt’s banking sector shows strong financial health – CBE
The Central Bank of Egypt (CBE) has reported strong financial safety indicators, underscoring the resilience of the…
Browsing Tag
profitability
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…
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…
Egypt’s profitability rates reached 14% : CBE’s Amer
Profitability rates in Egypt reached 14 percent, governor of Egypt's Central Bank (CBE) Tarek Amer said Sunday,…
Siemens says profit grew 42%; raises 2016 guidance
German industrial giant Siemens AG posted a 42% surge in net profit for the first quarter of fiscal year 2016 and…
Siemens says profit rises 42%; raises 2016 guidance
German industrial giant Siemens AG posted a 42 percent jump in net profit for the first quarter of fiscal year 2016…
Deutsche Telekom to consider Partner for T-Mobile US: CEO
Deutsche Telkom will consider any partner that can improve profitability of its U.S. operations, its chief…
GDF Suez returns to Profit; warns on Oil-price hit
GDF Suez SA (GSZ.FR) Thursday reported a return to profit in 2014 but warned that low oil and gas prices will weigh…
Samsung Considering Management Shake-up
Samsung Electronics Co. is considering a major leadership shake-up, according to people familiar with the matter,…
Blackberry CEO Sees Fewer New Devices, Focus On Profitability
BlackBerry, which has completed the first phase of its two-year turnaround plan, is now focused on profitability…
EgyptAir Returns to Profitability in Q1, FY14/15
State-owned carrier EgyptAir has returned to profitability during the first quarter of current fiscal year, after…
Philip Morris Announces New Business Structure in Egypt
Philip Morris International Inc. (“PMI”) (NYSE / Euronext Paris: PM), the world’s largest publicly traded tobacco…
Arab Banks’ Assets Have Exceeded US$2.7 Tln; Says Barakat
By virtue of a strong financial position, liquidity and profitability, the Arab banks attained average growth rates…