State-owned Suez Canal Bank’s net profit rises 69.5% in 2017
Egypt's state-run Suez Canal Bank reported Monday a 69.5 percent increase in its net profit to reach 356 million…
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State-owned Heliopolis Housing Q1 profit rises to 77mn Egyptian pounds
Net profit after tax of Egypt’s state-owned Heliopolis Company for Housing and Development (HELI) jumped to 77…
Oil prices up on signs of tighter market, but 2018 looks more uncertain
Oil prices edged up on Wednesday, rising for a third day, on signs that markets are gradually tightening after…
EGPC seeks up to 1.012 million tonnes gasoil for Feb-March
Egyptian General Petroleum Corp (EGPC) is seeking up to 1.012 million tonnes of gasoil for delivery in February and…
Dollar edges up as Fed, US jobs data awaited
The dollar edged higher on Tuesday as the final days of the contentious U.S. presidential campaign overshadowed…
China stocks close up over 1 pct on broad rally
China stocks closed up on Tuesday as buyers drove a mild but broad-based rally into financials and industrials. The…
McDonald’s gets bids for China, HK stores sale in up to $3 billion deal –…
McDonald's Corp (MCD.N) has received more than half a dozen bids for its China and Hong Kong stores, including…
Oil glut up close: How Cushing copes with full crude tanks
From the air above this small Oklahoma town, the 300 steel oil storage tanks that dot the landscape appear filled…
SoftBank to purchase up to $4.4 billion of own shares
Japanese telecoms conglomerate SoftBank Group (9984.T) said on Monday it will purchase up to 500 billion yen ($4.4…
Egypt’s illicit streams from 2004 to 2013 near $40 billion: U.S. report
The amount of money put to use in illicit activities in Egypt from 2004 to 2013 adds up to $39.8 billion, at an…
