Business

Telecom Egypt Q3 net profit drops 21 pct

Telecom Egypt Q3 net profit drops 21 pct

Land-line monopoly Telecom Egypt posted a 21 percent drop in third-quarter net profit on Monday as it continues to suffer…
Egypt T-bill yields rise as banks feel pinch

Egypt T-bill yields rise as banks feel pinch

Egyptian treasury bill yields jumped by around 40 basis points at an auction on Sunday, in further sign that the…
Egypt’s Ghabbour Auto says Q3 net climbs 25%

Egypt’s Ghabbour Auto says Q3 net climbs 25%

Egypt's Ghabbour Auto (GB) on Sunday said its third-quarter net income rose 25 percent year-over-year to LE89 million (US$14.9 million),…
Egypt notifies gas importing countries of pipeline suspension

Egypt notifies gas importing countries of pipeline suspension

The Ministry of Petroleum officially notified the countries importing natural gas from Egypt that gas exports were suspended due to…
Government intends to extend rice export ban, says official

Government intends to extend rice export ban, says official

The government intends to continue banning rice exports to meet the needs of the local market, a senior Agriculture Ministry…
Centamin Egypt plans to redomicile to Jersey

Centamin Egypt plans to redomicile to Jersey

Gold producer Centamin Egypt Ltd said it plans to set up a new parent company, to be redomiciled in Jersey,…
Switzerland launches investigation into ‘dictator assets’

Switzerland launches investigation into ‘dictator assets’

The Swiss Financial Market Supervisory Authority (FINMA) has announced the start of an investigation into four banks that have what…
Petroleum authority’s financial problems require drastic solutions, says official

Petroleum authority’s financial problems require drastic solutions, says official

A newly formed committee will help reform the General Petroleum Authority's financial structure and find drastic solutions for its mounting…
Egypt’s NSGB says Q3 profit strong despite economy

Egypt’s NSGB says Q3 profit strong despite economy

National Societe Generale Bank (NSGB) , Egypt's second-biggest private bank by market capitalization, shrugged off domestic economic and political woes…
Berlusconi resignation fails to convince markets

Berlusconi resignation fails to convince markets

ROME — Prime Minister Silvio Berlusconi's pledge to resign after implementing economic reforms did nothing on Wednesday to staunch a…
Back to top button