CAIRO: Egypt's Maridive and Oil Services posted a 37 percent increase in first-half profit and analysts said it had secured more construction contracts than in the same period of 2010.
The biggest oil services firm by fleet size in the Middle (...)
CAIRO: Real estate firm Egyptian Resorts posted an 80 percent decline in first-half net profit as growing revenues from tourism and utilities failed to compensate for the firm's inability to sell land since 2008, analysts said.
Egyptian Resorts, (...)
CAIRO: Egyptian ceramics firm Lecico warned 2011 may be its "worst" year yet after second-quarter net profit plunged 80 percent due to weaker demand in European export markets following political instability in Egypt and Libya.
Lecico, which also (...)
CAIRO: Egypt's Oriental Weavers posted a 4.4 percent drop in second-quarter net profit, as a rise in raw material costs offset strong revenue growth.
The world's biggest machine-woven carpet maker said on Monday its net income fell to LE 58 (...)
CAIRO: Egypt's net foreign reserves slipped to $25.71 billion in July but economists said there was a slowdown in the rate of the decline which may now suggest the worst of the capital flight since the uprising to topple Hosni Mubarak was (...)
CAIRO: Egypt's Hosni Mubarak flew to Cairo on Wednesday where he will be tried for conspiring to kill protesters, the first Arab ruler to appear in court since uprisings swept the region.
Speculation had swirled in the hours before the trial (...)
CAIRO: Suez Cement's first-half net profit dropped 37 percent because of a fall in local cement consumption and political instability in the region, the Egyptian firm said in a statement on Sunday.
Suez, a subsidiary of Italcementi, said (...)
CAIRO: Feminists dismayed that Egypt's revolution is failing to advance their cause are trying to rally disparate women's groups to defend women's rights from perceived threats from resurgent Islamists and other conservatives.
"The revolution is (...)
CAIRO: Egypt's Eastern Company posted a net profit of LE 631 million ($105.9 million) for the full year to the end of June, down 26 percent from a year earlier, the stock exchange said.
The cigarette monopoly made net profit of 850.4 million (...)
CAIRO/DUBAI: Egypt's market looks set to be buffeted again next week by the political turbulence that weighed on the benchmark index, pushing it down more than 7 percent in the first three days of this week.
Egypt's benchmark EGX 30 index ended (...)
CAIRO: A delegation of Libyan tribal representatives arrived in Egypt's capital on Thursday and said they would hold talks with rebel leaders to seek to end the country's civil war.
"The delegation will meet with a number of Libyans in Egypt, (...)
CAIRO: The head of Egypt's Judicial Investigation Commission referred 25 people including aides of ousted President Hosni Mubarak for trial on Thursday for instigating a camel charge to break up mass protests in February.
Mubarak loyalists (...)
CAIRO/DUBAI: Egypt's bourse fell on Monday as investors locked in gains at the end of a financial year, encouraged by a bearish economic outlook, and Oman's index fell to a four-week low.
"Ninety percent of this drop is profit taking by retail (...)
CAIRO: Egyptian real estate company Amer Group has established four new companies in Egypt, Syria and Saudi Arabia to focus on tourism and property development, a newspaper reported on Monday.
"Amer Group Holding has concluded procedures to (...)
DUBAI/CAIRO: Egypt's index fell 1 percent on Wednesday as concern that stock prices had risen too far given an uncertain economic outlook outweighed Citadel Capital's announcement of takeover talks.
"In the short term, the market is news and (...)
CAIRO: Egypt's national carrier EgyptAir will resume flights to Iraq in mid-July after they were halted following Iraq's invasion of Kuwait in 1990, a top official said on Sunday.
EgyptAir, one of Africa's largest airlines, will operate four (...)
CAIRO: Egyptian group Maridive and Oil Services posted a rise in first-quarter revenues and profits, boosted by contracts in countries like Saudi Arabia and India.
The company attributed the rises to "an increase in the rate of operation in (...)
CAIRO: Egypt settled one of a string of disputes over state land sales under deposed president Hosni Mubarak, revising the terms of a farmland deal with Saudi Prince Alwaleed bin Talal, the Egyptian government said on Tuesday.
The Saudi (...)
CAIRO: Egypt's government on Monday denied a newspaper report that it had withdrawn land from SODIC, the country's third-biggest listed developer.
Daily Al-Masry Al-Youm had reported on Saturday that a government housing body, the New Urban (...)
CAIRO: Real estate and hotels firm Orascom Development reported a slump in first-quarter net profit, hit by Egypt's political turmoil.
The Swiss-listed company, known mostly for building luxury resorts in Egypt, said on Monday net profit fell to (...)
CAIRO: El-Sewedy Electric, the Arab world's biggest listed cable maker, on Monday reported a 32 percent drop in first-quarter net income to LE 171.3 million ($28.8 million).
El-Sewedy, which has production plants in Egypt and 10 other countries, (...)
CAIRO: The number of tourists visiting Egypt slumped 46 percent in the first quarter when mass protests ousted President Hosni Mubarak, the government's statistics agency said on Sunday.
The unrest that began on Jan. 25 prompted embassies to (...)
CAIRO: Egypt's cement sector will shake off a property crisis and expand production capacity by 30 percent by the end of 2012, helped by a growing population, infrastructure demand and exports, an industry executive said.
"The cement sector can (...)
CAIRO: Egypt's National Bank for Development (NBD) posted a net loss of LE 171.5 million ($28.87 million) for the first quarter of 2011, the stock exchange said on Tuesday.
The bank reported a net loss of LE 61.4 million in the same period last (...)
CAIRO: The wife of Egypt's ousted president was released from detention on Tuesday after giving up assets but is still being investigated, said an official leading a probe into whether she amassed wealth illegally.
Suzanne Mubarak, who (...)