Maridive & Oil Services (MOIL) announced that it signed a $ 20 million contract to rent 2 marine units in Latin America’s
Misr Hotels - (MHOT) reported financial results posting a net loss of LE 10,655,618 for the period from 01/07/2012 till 31/03/2013.
Noting that, it posted net loss of LE 7,622,271 for the same period of the previous
Arafa Investment and Consulting (Arafa Holding) (AIVC) reported consolidated financial results posting a net profit of $ 6,392,345 for the period from 01/02/2012 till 31/01/2013.
Noting that, it posted net profits of $ 7,912,954 for the same period of the previous
Ali Moustafa, Managing Director of Heliopolis Housing (HELI), revealed that the company froze bids to finance Helio Park and entertainment city in New Heliopolis due to current political, economic and security conditions, Almal newspaper reported.
He pointed out that, the company is intending to offer the first phase of Helio Park before end of current fiscal year.
He added that, this phase
Egypt is negotiating the interest rate on $3 billion worth of Egyptian treasury bonds that Qatar committed to buying earlier this month, Planning Minister Ashraf El-Araby has said in comments reported by state-owned Al-Ahram daily.The interest rate for the bonds, which the oil-rich nation announced it would acquire on 10 April, will be between 4 and 7 percent, the minister specified.At the time
Libya will soon start shipping oil to neighbouring Egypt on soft credit terms, two senior Libyan officials said, as Cairo struggles to pay for energy imports and avoid fuel shortages.
The officials told Reuters that Tripoli would supply Cairo with $1.2 billion worth of crude at world prices but on interest free credit for a year, with the first cargo expected to arrive next month.
ARAB POLVARA SPINNING & WEAVING CO. - (APSW) BOD approved financial results for the fiscal period ending in 31/03/2013 with net loss after taxes of LE 15.802 million, compared to LE 18.233 million (13.3
Al Bader Plastic (EBDP) reported financial results posting a net loss of LE 388,984 for the period from 01/01/2013 till 31/03/2013.
Noting that, it posted net profits of LE 19,563 for the comparable
Alexandria Flour Mills (AFMC) BOD approved financial results for the fiscal period from 01/07/2012 till 31/03/2013 with net profits after taxes of LE 13.165.000 (unaudited), compared to LE 7.513.000 (75
EL Ezz Aldekhela Steel - Alexandria - (IRAX) BOD approved financial results for the fiscal period ending in 31/03/2013 with net profits after taxes of LE 334.6 million (unaudited), compared to LE 214 million (56
Orascom Telecom Holding (ORTE) BOD appointed HC Securities as independent financial advisor to evaluate the tender offer submitted by Baskindale Limited OT’s shares.
Moreover, OT’s BOD approved to open investor account with Pakistani listing and depository company to deposit shares owned by OT in Waseela Microfinance Bank
El Wadi Co. For Touristic Investment - (ELWA) announced that company’s OGM approved to distribute cash dividends of LE 6.638.681 (LE 0.4426 per share) in case of liquidity availability.
Moreover, it approved free stocks distribution of 1 free stocks for every existing 25
Egyptian Satellites (NileSat) - (EGSA) BOD suggested cash dividends of $ 0.35 per
Heliopolis Housing (HELI) announced that company’s OGM approved estimated budget for the fiscal year 2013/2014 with net profits after taxes of LE 135
Nile Pharmaceuticals - (NIPH) BOD approved financial results for the fiscal period from 01/07/2012 till 31/03/2013 with net distributable profits of LE 19.1 million, compared to LE 21.8 million in the comparable
EL Ezz Aldekhela Steel - Alexandria - (IRAX) OGM approved financial results for the fiscal; year ending in 31 December 2012 with net distributable profits of LE
Misr Beni Suef Cement (MBSC) OGM approved cash dividends of LE 3.5 per share to be distributed in the second half of June
Mohandes Insurance (MOIN) BOD approved financial results for the period ending in 31/03/2013 posting a net profit of LE 14,085,597
Mansourah Poultry (MPCO) reported financial results posting a net profits of LE 4,997,350 for the period from 01/01/2013 till 31/03/2013.
Noting that, it posted net profits of LE 284,166 for the comparable
Arab Ceramics (Aracemco) - (CERA) announced that company’s EGM approved authorized capital increase from LE 100 million to LE 200 million and increasing issued and paid capital from LE 100 million to LE 125
Arab Ceramics (Aracemco) - (CERA) reported financial results posting a net profits of LE 26,055,511 for the period from 01/01/2013 till 31/03/2013.
Noting that, it posted net profits of LE 20,546,728 for the comparable
Cairo Development and Investment (CIRF) declared cash dividends of LE 0.45per share payable on 2/05/2013.
Shareholders as of 28/04/2013 are entitled to cash dividends
AFPThe US economy grew at a pace of 2.5 percent in the first quarter of 2013, with cuts in government spending offsetting private consumption and investment gains, the Commerce Department said Friday. The first estimate of GDP growth in the first quarter was a solid rebound from the previous quarter's poor 0.4 percent pace, but it came in below the average analyst forecast of 2.8 percent.
French bank Societe Generales (SOGN.PA) estimated four billion-euro ($5.22 billion) bet on Russia must start paying off this year to stop investors urging the bank to cut its losses as the economic outlook darkens.
SocGen has for years held up its investment in Moscow-based Rosbank as a key source of future profits that will offset debt woes in Western Europe and rocky post-crisis financial
Some emerging European countries are able to delay much-needed reforms because they can borrow money in international markets without strings attached, the president of the European Bank for Reconstruction and Development said on Thursday.
With money-printing in the developed world driving investors to seek higher-yielding assets, countries such as Hungary and Ukraine have issued dollar debt
Egyptian fund manager Mohamed Ayad watched his clients lose money for months until he himself became a victim of the stock market's slump.
"I was fired with many others when trading volumes went down," said Ayad, a man in his 30s who worked for a securities firm in Cairo until last year. "I have been unable to find a new job as many other people working in the financial sector have also been
Egypt will seek a bigger share of production in future oil and gas exploration contracts signed with foreign companies, its petroleum minister said in remarks published Wednesday.
In remarks to Al-Borsa newspaper, Osama Kamel said the new system would not be applied retroactively to existing contracts. He did not give a time frame or any further details.
"We will implement the new contracts
As part of its ongoing commitment to providing unique services to customers, Barclays Bank Egypt launched the Unlimited account, a unique current account which includes a distinct package of banking services for retail and corporate customers.
Additionally, the bank launched a quiz draw contest for the Unlimited account customers giving them four chances to enter a quiz draw to win luxury