Australian livestock groups have called on the government to include Egypt in the scheme for monitoring and controlling the welfare of exported Australian animals in their destination countries.The Australian Livestock Exporters’ Council (ALEC), the Cattle Council of Australia and the National Farmers’ Federation were responding to recently uncovered video footage filmed in the only
ReutersTurkey is in talks with the London Stock Exchange and Nasdaq about possible strategic partnerships for its stock exchange in Istanbul, Deputy Prime Minister Ali Babacan said on Wednesday.Turkey is in the process of merging the Istanbul Stock Exchange, the Gold Exchange and Derivatives Exchange into Bourse Istanbul - an important step in the government's bid to privatise the company and
Rubex Plastics (RUBX) reported financial results posting a net profit of LE 681.671 for the period from 01/01/2013 till 31/03/2013.
Noting that, it posted net profits of LE 940.653 for the same period of the previous
Egyptian Kuwaiti Holding (EKHO) announced that it expects $ 5.6 million proceeds from ownership transfer of 2 of its firms in the second quarter of 2012.
It is worth noting that, the company has transferred, through a number of its affiliates, ownership of 59.9 % stake from Nile Family Takaful and Nile General Takaful to Tokio Marine and Nichido Fire Insurance Co. LTD, owns 40 % of both
Cairo Pharmaceuticals - (CPCI) BOD approved financial results for the fiscal period from 01/07/2012 till 31/03/2013 posting net distributable profits of LE 35.001 million, compared to LE 22.688
Acrow Misr - (ACRO) declared cash dividends of LE 2 per share payable on 28/05/2013.
Shareholders as of 23/05/2013 are entitled to cash dividends
Juhayna Food Industries (JUFO) reported consolidated financial results posting a net profits of LE 95,870,103 for the period from 01/01/2013 till 31/03/2013.
Noting that, it posted net profits of LE 42,983,167 for the comparable
Tuesday's partial cabinet reshuffle included the replacement of four economic ministers, three of whom are involved in Egypt's ongoing talks with the International Monetary Fund for a proposed $4.8 billion loan. The reshuffle saw the replacement of Finance Minister El-Morsi El-Sayed Hegazi, Planning Minister Ashraf El-Arabi and Investment Minister Osama Saleh. Cabinet spokesman Alaa El-Hadidy
Egyptian stocks performed well in the week's first trade session, bolstered by the resolution of a tax dispute between Orascom Construction Industries (OCI) – Egypt's largest listed firm in terms of capital – and the government.The main EGX30 index rose by 1.8 percent to reach 5,372 points in a session that saw the highest daily turnover – some LE534.7 million – within the
Heliopolis Housing (HELI) reported financial results posting a net profit of LE 89,164,804 for the period from 01/07/2012 till 31/03/2013.
Noting that, it posted net profits of LE 77,964,298 for the same period of the previous
Business WeekEgypt’s benchmark stock index surged the most in two months on investor bets a Cabinet change will boost the nation’s prospects of finalizing a loan agreement with the International Monetary Fund.Commercial International Bank Egypt SAE, the country’s biggest publicly traded lender, gained the most in almost five months. Telecom Egypt Co., the monopoly fixed-line
Fox BusinessApache Corp. (APA) Tuesday reported three oil and gas discoveries in Egypt's western desert, expanding the company's production base in the area.The first discovery test-flowed at a combined rate of 1,625 barrels of oil and 18.7 million cubic feet of natural gas a day. Operations confirmed 100 feet of pay sands in several zones, and appraisal drilling is planned for later this
Agra NetAustralian cattle exporters have suspended live shipments to Egypt after the release of video footage showing animals being severely mistreated by slaughterhouse workers.Two pieces of footage, one recorded by a local vet and the other by campaign group Animals Australia, show cattle being deliberately injured.
The ministerial change will not affect the course of Egypt's negotiations with the International Monetary Fund over the $4.8 billion loan sought by the country, official Cabinet spokesman Alaa El Hadidy.Tuesday's partial cabinet reshuffle included three economic ministers involved in Egypt's negotiations with the IMF, including Finance Minister El-Morsi El-Sayed Hegazi, Planning Minister Ashraf
Egypt said on Tuesday it is expecting crude oil to start arriving next month from Libya and Iraq after those countries agreed to the shipments to help Cairo weather an economic crisis.
Egypts oil ministry said in a statement it expected the implementation of measures to rein in an energy crisis including "the arrival of the Libyan and then Iraqi crude oil shipments next month".
Gharbia Islamic Housing Development - (GIHD) reported financial results posting a net loss of LE 33,700 for the period from 01/01/2013 till 31/03/2013.
Noting that, it posted net profits of LE 318,015 for the comparable
Cairo Medical Center - (MEDC) reported financial results posting a net profit of LE 5,042,847 for the period from 01/01/2013 till 31/03/2013.
Noting that, it posted net profits of LE 3,778,443 for the comparable
Arab Finance: Nile City Investment (NCIN) reported consolidated financial results posting a net loss of LE 51,838,145 for the period from 01/01/2012 till 31/12/2012.
Noting that, it posted net profits of LE 1,315,102 for the period from 01/01/2011 till
EL Shams Housing & Urbanization (ELSH) OGM approved in its meeting to distribute cash dividends of LE 0.02 per
Abou Kir Fertilizers - (ABUK) reported financial results posting a net profit of LE 1,039,947,189 for the period from 01/07/2012 till 31/03/2013.
Noting that, it posted net profits of LE 1,001,740,663 for the same period of the previous
Gulf NewsOpec member Qatar will begin helping Egypt with gas supplies through a swap deal from May 27 as the country struggles to meet its domestic energy needs, Egyptian Oil Minister Osama Kamal said in remarks published on Monday.Egypt will take a share of the natural gas extracted by foreign companies operating on its soil to help ease its fuel shortages, and Qatar will send liquefied natural
Mohamed Talaat, Investor Relations Manager at Arafa Investment and Consulting (Arafa Holding) (AIVC), revealed that the company is preparing all required documents of restructuring its affiliate Golden Textiles & Clothes Wool (GTWL), Almal newspaper reported.
He expected that, restructuring Golden Textiles will be finalized before the end of 2013.
On the other hand, Talaat asserted that the
El Orouba Securities Brokerage - (EOSB) reported financial results posting a net profit of LE 13.920 for the period from 01/01/2013 till 31/03/2013, compared to a net profit of LE 266.141 for the period from 01/01/2012 till
Alexandria Containers & Goods - (ALCN) reported financial results posting a net profit of LE 313,120,725 for the period from 01/07/2012 till 31/03/2013.
Noting that, it posted net profits of LE 194,635,303 for the same period of the previous
Raya Holding For Technology And Communications - (RAYA) BOD approved in its meeting to sign LE 20 million credit facilities.
Moreover, it approved to acquire 100 % stake of International Business Systems for Electronics S.A.E. (IBS), Raya owns 49 % stake, through LE 20 million capital
El Obour Real Estate Investment - (OBRI) declared cash dividends of LE 0.25 per share payable on 12/05/2013.
Shareholders as of 07/05/2013 are entitled to cash dividends
Arab Ceramics (Aracemco) - (CERA) declared cash dividends of LE 1.50 per share payable on 23/05/2013.
Shareholders as of 20/05/2013 are entitled to cash dividends
Egyptian Financial Supervisory Authority (EFSA) announced that it approved Egyptian Chemical Industries (Kima) (EGCH) to call for EGM to discuss increasing issued and paid capital and authorized capital as
Societe Generale (SOGN.PA), Frances No. 2 listed bank, is to cut 900 million euros ($1.18 billion) in costs over the next three years after a weak domestic economy and one-off charges halved quarterly earnings.
The new savings will help the bank reach a new return-on-equity (ROE) target of 10 percent by end-2015, said Chief Executive Frederic Oudea. Excluding one-off items, SocGens ROE