Latest in Tag: capital Highlight
Latest in Tag: capital
Capital outflows shake emerging markets during Covid-19 crisis: CBE
Egypt’s monetary stimulus to support economic recovery and ease coronavirus impacts
City Edge increases capital, forms new board
Earlier, a preparatory meeting of the company’s board was held in the presence of Assem Al-Gazzar, Minister of Housing and New Urban Communities.
Capital gains tax continued to be suspended until 2020: Finance ministry
Collecting government electronic payments is mandatory for governmental agencies’ customers as of January
EEHC opens bids for operation, maintenance of new capital, Borollos, Beni Suef power plants
Doosan, Siemens present lowest offers, while 5 other alliances excluded for high costs
Banks’ capital increases by EGP 13.74bn in April: CBE
The increase came as a result of using a part of the reserves, as well as the revaluation of capital in foreign exchange in some banks
AfDB announces $140m fund for Egypt’s Administrative Capital
President of the African Development Bank (AfDB) Akinwumi Adesina said the bank will offer a $1.5bn fund for Egypt’s new Administrative Capital project.
Capital increase to be proposed for public sector companies through EGX in 3 months
Twenty-one African investment commissions are set to offer investment opportunities in five economic sectors through COMESA in February
Golden Pyramids’ net profits fall 91.7% over H1 of 2015
Construction company Ramco Resorts’s losses decreased by 41.75%
Egyptian Resorts Co achieves $ 21.4m net profits in H1 of 2015
The Egyptian Resorts Co achieved a profit in the first half (H1) of 2015, reporting net profits of EGP 167.5m ($21.4m) compared to EGP 21.3m ($2.7m) in losses in H1 of 2014. However, over the first quarter (Q1) of 2015, the company’s net profits reached EGP 3.2m, marking a 73.4% decline compared to the same …
EFG Hermes net profits decline reaching EGP 359.1m in H1 2015
Investment bank’s unconsolidated financial statements show that losses have fallen by 38.8%
Emaar Misr Board approve capital rise by EGP 600m
Firm’s current issued capital evaluated at EGP 4.019bn, set to reach EGP 4.619bn with increase
20 companies list on EGX in FY 2014/2015
Companies raised total of EGP 5bn
Raya Holding to discuss raising capital by EGP84.1m
Company aims to increase capital from EGP 420.5 to EGP 504.6
EGP 218m Palm Hills net profit in Q1 of 2015
Palm Hills achieved sales of EGP 1.35bn, sales doubled for high-profit projects during Q1 2015, says co-CEO
Timeframe for EFG Hermes capital increase yet to be announced: Investors’ Relations
EFG Hermes plans to increase capital by EGP 391.83m
Egypt’s AIIB membership approved
Final decision for approving Egypt’s membership was in hands of bank’s approved members
Palm Hills expects EGP 1.3bn in Q1 sales
Rise in sales of company’s projects in western and eastern Cairo as well as North Coast main derivatives to this anticipation, company says
Egypt could be founding member of China-backed AIIB by mid April
Egypt will benefit as it will aid in developing much needed infrastructure sector, says former assistant to executive director of IMF
Delta Construction increases capital by EGP 25.7m
Company earned net profits worth EGP 4.3m in 2014, compared to EGP 7.6m in 2013, marking year-on-year decrease of 43.4%
Petroleum prices drive stock market down: Experts
Market gains EGP 5.9bn Monday after witnessing a huge loss the previous day
Religious endowment minister welcomes French parliament’s recognition of Palestine
Vote is symbolic and does not bind the government of France
$10bn total UAE investments in Egypt: GAFI head
UAE ranks second on list of Arab countries with most investments in Egypt after Saudi Arabia
Capital market sheds over EGP 14bn
Egyptian markets influenced by losses in the international and Arabian capital markets
Al-Sisi imposes new taxes on Egyptians at home and abroad
President also issues tax on capital gains on stock market
Capital gains taxes a positive step, will not weaken competition: Former EGX vice chairman
Government considering imposing taxes on stock market to increase revenues
Long term-loans taken out by government economic bodies up 3.3% year on year: CAPMAS
Increase of value of long-term loans can be attributed to Egypt’s unstable situation, says head of Central Budget Department for Economic Bodies
Assets of 30 MB leaders frozen
The decision implements a 2013 court ruling ordering the banning of Muslim Brotherhood and confiscating its capital
Saudi Arabia’s NCB plans capital hike before IPO
Reuters – National Commercial Bank, Saudi Arabia’s biggest bank by assets, plans to boost its capital by SAR 5bn ($1.3bn) through conversion of its retained earnings into capital, it said in an emailed statement on Tuesday. The announcement comes one month after the Saudi government said it planned to float 15% of the state-owned bank …
Increased political stability is the key to stock market gains: Analysts
As the market reaches its highest levels since 2011, analysts say political stability in 2014 provides a ray of hope for Egypt’s capital market
Luxor to host new film festival
Luxor to host the first Egyptian and European Film Festival