Tech news Alibaba revenue growth seen slowest on record Yomna Yasser Jan 25, 2016 0 Chinese e-commerce giant Alibaba Group Holding Ltd is expected to post its weakest quarterly revenue growth on…
Egypt News Egypt’s Suez Canal saw more ships, less US-dollar revenues in 2015 Yomna Yasser Jan 14, 2016 0 Despite seeing an increase in traffic, Egypt’s Suez Canal saw a drop in revenues in 2015, registering $5.17…
Egypt News Occupancy rates in Cairo hotels likely to hit 55% in 2015: Colliers report aya salah Dec 21, 2015 0 The occupancy rate in Greater Cairo hotels is expected to reach 55 percent according to Colliers International’s…
Egypt News Egypt’s budget deficit rose 2.8 % in Q1 of FY2015/2016 aya salah Dec 12, 2015 0 Egypt’s total budget deficit rose to register 2.8 percent of the country’s gross domestic product during the first…
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…
Industry & Trade Suez Cement reports Q3 net loss Yomna Yasser Nov 3, 2015 0 Egypt's Suez Cement, the country's largest listed cement maker by market value, said it made a net loss worth 50…
Tech news Yahoo signs ad pact with Google; earnings and revenue miss Noha Gad Oct 21, 2015 0 Yahoo Inc (YHOO.O) said on Tuesday it had signed a search advertising deal with Google Inc, providing a potential…
Tech news IBM revenue falls more than expected, cuts profit forecast Noha Gad Oct 20, 2015 0 International Business Machines Corp (IBM.N) posted a bigger-than-expected drop in revenue and cut its full-year…
Industry & Trade El Sewedy Electric records Q2 net profit of $68.63mn Yomna Yasser Sep 1, 2015 0 Egyptian cable maker El Sewedy Electric lifted second-quarter net profit to 537.38 million Egyptian pounds…
Tech news AT&T ups Revenue, Profit forecast after DirecTV buy Noha Gad Aug 13, 2015 0 AT&T Inc said on Wednesday it expects revenue, earnings and free cash flow to grow through 2018 following its…