Tech news Telecom Egypt says 2015 net profit surges to 2.999bn Egyptian pounds Yomna Yasser Mar 7, 2016 0 Telecom Egypt, the state's landline monopoly, Telecom Egypt posted on Monday a 2015 net profit of 2.999 billion…
Egypt News Egypt’s debt service ups budget deficit in first half of FY 2015/16 aya salah Mar 3, 2016 0 Egypt’s total budget deficit rose by 27 percent in the first half of the current fiscal year 2015/16 compared to…
Egypt News Egypt’s profitability rates reached 14% : CBE’s Amer Noha Gad Feb 22, 2016 0 Profitability rates in Egypt reached 14 percent, governor of Egypt's Central Bank (CBE) Tarek Amer said Sunday,…
Banks Egypt’s CIB posts record profit in 2015 Yomna Yasser Feb 11, 2016 0 Egypt's largest private sector bank, Commercial International Bank (CIB) reported Thursday a record full-year net…
Industry & Trade Egypt’s National Cement attains $42mn revenues in six months Noha Gad Feb 7, 2016 0 Egypt's National Cement has obtained total revenues estimated at 328.164 million Egyptian pounds (US$41.9 million)…
Tech news Vodafone says Egypt service revenue grows 7.3% in Q3 Yomna Yasser Feb 4, 2016 0 UK-based telecom giant Vodafone Group Plc. (VOD.L, VOD) announced Thursday its service revenue in Egypt grew 7.3…
Industry & Trade Orascom Construction’s nine-month profits fall 69% – indicators Yomna Yasser Jan 26, 2016 0 Orascom Construction Industries (OCI), owned by Egyptian tycoon Nassef Sawiris, recorded a 69.4 percent fall in…
Real Estate Misr Real Estate Assets’ revenues hit $16.2m in FY 2015/16 aya salah Jan 19, 2016 0 Misr Real Estate Assets’ revenues registered 127.5 million Egyptian pounds (US$16.2 million) in the first half of…
Industry & Trade China’s equipment manufacturer Muyang eyes $150mn Egypt revenues in 2016 Yomna Yasser Jan 17, 2016 0 Chinese feed equipment manufacturer Muyang Group is targeting revenues worth US$150 million from its businesses in…
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…