Latest in Tag: business news Highlight
Latest in Tag: business news
Arabian Cementâs net profit declines 52% despite 11% revenue increase
Devaluated Egyptian pound, high cost of transportation result in âtough quarterâ for the company
Dana Gas, BP sign participation agreement
BP to start drilling in El-Matariya onshore Concession Area in first half of 2016
Financial services, real estate companies lead stocksâ trade in May
Value of traded securities during previous month totalled EGP 18.3bn
NCFPMAC urges Al-Sisi to stop âgovernment recklessnessâ in fuel price increases
Transportation fares expected to increase due to lack of government supervision, centre said
NUCA offers 7 bids in 4 cities
Bids include developmental projects in New Cairo, Beni Suef and New Aswan
Telecom Egypt CEO sacked
Tarek Aboualam and Khaled Sherif most likely candidates to replace El-Nawawy
Over 600 civil society organisations apply for microfinance licenseÂ
253 organisations received the license, while the remaining applications are still being studied
Toyota launched operations in spare parts distribution centre
Toyota sales during the first quarter of 2015 reached 7,300 vehicles
Suez Cement seeks to increase production capacity by 15%
Italcementiâs CEO said in March the company is focusing on diversifying energy sources
Moodyâs upgrades CR assessments for 5 Egyptian banks
On 15 May, Standard and Poorâs revised its outlook on Egypt, raising it from stable to positive
CIB bank of the year ,Union National Bank Egypt the fastest growing : Business News index
NBE has most customer satisfaction, 255 companies take part in the evaluation, Emirates NBD is third best bank
EFG Hermes registers EGP 136m net profits in Q1 2015
Operating revenues increased by 7% YoY during the same quarter
Investments targeted using Google Maps
A new website launched on Saturday seeks to reopen closed facilities and attract skilled labour
Egyptian e-commerce market to reach $2.7bn by 2020
Egypt has most online buyers of any country in the Arab world, with 15.2 million people
Editaâs BOD approves EGP 175m loan
Company registers EGP 81m during Q1 2015
Dana Gas produces 37,700 barrels of Egyptian oil daily during Q12015
Company pumps $350m for its GPEA project
EGP 960m capital increase for GB Auto to reach EGP 1.094bn
Shareholders, purchasers exercised right to participate in EGP 960m capital increase, which will be allocated to investing in tire manufacturing facility
Tabarak Holding to start North Coast project early 2016: Companyâs chairman
Increase of land usufruct in Ras Sedr and airport constructed to be discussed in June conference
Tabarak Holding targets 2015 profits of EGP 100m
Company will have an EGP 600m IPO on the Egyptian stock market
EGP 180bn collected in taxes for first 3 quarters of FY 2014/2015
Meeting to take place to determine next step for capital gains tax
EFSA hosts IOSCOâs âGrowth & Emerging Marketsâ meetings
The event was said to represent the largest gathering of capital market regulators to take place in Egypt
EGX-30 drops 1.92%, bourse losses register EGP 8.13bn
Total losses of the week recorded EGP 19.5bn so far
Capital market sheds EGP 7bn
ICFC announced intention to increase capital from EGP 30m to EGP 45m early Monday
Consumer Protection emphasise maintaining mineral water pricesÂ
Demand for mineral water has increased since the spillage of 500 tonnes of phosphate in the river Nile last week, causing a fear of poisoning through the water supply.
CBE maintains key interest rates
The CBE also kept the discount rate unchanged at 9.25%.
ERBC seeks to diversify products exported to Russia
The council is hoping to fix logistical problems faced in exporting products
Egyptâs e-commerce activity expected to double: Souq.com co-founder
Egyptians prefer using domestic shopping websites, says MasterCardâs online shopping behaviour report
Edita, Hostess Brands sign $12m contracts
To finance the contract, Edita will receive EGP 90m medium-term loan from NBK
HSCB launches EGP300m growth fund for SMEs
This is the second growth fund launched by the bank
Visa, ETA seek to promote tourism with fan-made videos
Five winners will be selected over a five-week period