Egypt Aluminum profits surge 4.2% in 11 months
Egypt Aluminum Company (Egyptalum), the largest aluminium producer in Egypt and Africa, reported Tuesday a 4,236…
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Profits
Egypt’s Orascom signs $100 mln contract for 650 MW power plant in Assiut
Egypt's Orascom Construction Company (OC) said Monday it has signed a contract worth $100 million to build a steam…
Egypt’s state-run AMOC eyes 575 mln pounds-profits within FY2017/18
State-owned Alexandria Mineral Oils Company (AMOC) said Thursday that it seeks to achieve profits worth 575.2…
Egyptian pound flotation poses challenges for banks’ 2016 financial positions
The decision of the flotation of the pound towards the end of last year affected all banks in the banking sector…
Emirates airline: profits down 70% in past year
Emirates Group, which operates the Middle East's largest airline, says profits have dropped by 70 percent to $670…
Egypt’s Arab Aluminum reports 53% surge in Q1 profits
Egypt-based Arab Aluminum Company (AAC) reported Monday a 53 percent increase in its first quarter profits to reach…
As Samsung’s profit surges, some investors worry about peaking growth
Even as Samsung Electronics Company Ltd is poised to deliver a surge in earnings to an all-time high this year,…
Egyptian ceramics maker Gemma plans 90 mln pounds investments in H2
Egypt-based ceramics maker, Al Ezz Ceramics and Porcelain Company (Gemma) said Wednesday it is planning to pump…
Lebanon’s Blom Bank: 2016 profits rise 44.9% in Egypt
Blom Bank Egypt, the Egyptian arm of Lebanon’s bank Blom, says profits have risen 44.9 percent to record 539…
Bank Audi Egypt, European Investment Bank sign MOU for $30mn-loan
Bank Audi Egypt signed a memorandum of understanding (MOU) with the European Investment Bank to obtain a loan of…