Cairo – Mubasher: Egypt’s index of manufacturing and extractive industries, excluding crude oil and petroleum products, increased by 4.7% month-on-month to 138.6 points in May from 132.43 points. The index of printing and reproduction of recorded …
Cairo – Mubasher: Speed Medical Co’s board of directors decided to increase the company’s capital to EGP 71.32 million. The board approved raising the company’s capital by EGP 19.32 million from retained earnings by issuing 0.3717 bonus share for …
Cairo – Mubasher: Nile Pharmaceuticals and Chemical Industries (Nile Pharma) announced turning into profits during fiscal year 2018/2019. The pharmaceuticals company logged a net profit of EGP 21.8 million in the 12-month period ended 30 June, …
Cairo – Mubasher: Dice Sport and Casual Wear’s (Dice) board of directors approved increasing the company’s authorised capital to EGP 106 million from EGP 53 million. The capital will be raised by EGP 53 million distributed on 265 million shares by …
Cairo – Mubasher: East Delta Flour Mills reported a 9.1% year-on-year profit increase during fiscal year 2018/2019. Net profits grew to EGP 144.97 million in the 12-month period ended 30 June from EGP 132.86 million in the year-ago period, the …
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, and the Bahrain-based Islamic multinational banking group Al Baraka Banking Group on Sunday announced the signing of a memorandum of understanding …
Cairo – Mubasher: Real Estate Egyptian Consortium reported a 358.6% year-on-year profit rise during the first half of 2019 on the back of higher revenues, the company’s standalone financial statements showed. Net profits skyrocketed to EGP 24.63 …
Cairo – Mubasher: Faisal Islamic Bank of Egypt announced that its shareholders had approved increasing the company’s authorised capital during an extraordinary general meeting (EGM). The lender’s authorised capital will be raised to $1 billion …
Cairo – Mubasher: Abu Qir Fertilizers and Chemicals Company posted a 30.4% year-on-year profit increase during fiscal year 2018/2019. Net profits surged to EGP 3.157 billion from July 2018 to last June, compared to EGP 2.42 billion in the …
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) reported a 69.7% year-on-year profit decline during fiscal year 2018/2019. Net profits amounted to EGP 450 million from July 2018 to last June, compared to EGP 1.48 billion in the year-ago …
Cairo – Mubasher: Egypt’s Ministry of Housing, Utilities, and Urban Communities, represented by the New Urban Communities Authority (NUCA), will offer 96 land plots for service purposes in the industrial zones in 11 new cities, according to a …
Cairo – Mubasher: The Egyptian Exchange (EGX) announced that it will be shut on Tuesday, 23 July, on the occasion of 23 July Revolution. Trading will be resumed on Wednesday, 24 July, the Egyptian bourse said in a statement on Sunday.
Cairo – Mubasher: Egypt’s Ministry of Civil Aviation denied media reports that British Airways’ (BA) suspension of flights to Cairo for seven days was ordered from the British government, according to a statement. The civil aviation …
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18.75 billion on Sunday on behalf of the Ministry of Finance (MoF). The first tranche of the T-bills will be offered through 91-day notes at EGP 9 …
Cairo – Mubasher: Egypt’s iron exports grew by 13% year-on-year in May, according to a report released by the Export Council for Building Materials (ECBM). The North African country’s iron exports increased to EGP 1.44 billion ($84 million) in …
UAE – Mubasher: The trade exchange between Egypt and the UAE grew by 14% year-on-year to $5.48 billion (AED 20.1 billion) in 2018, according to Al-Ittihad newspaper. The UAE’s imports from Egypt went up to $2.1 billion last year, compared to $1.9 …
Mubasher: While the growth of the global economy became more and more subject to many questions and doubts, the Kuwaiti economy maintained its stability, achieving a slight margin of improvement. Kuwait’s GDP grew by 2.6% year-on-year in the first …
Mubasher: Initial estimates by the University of Michigan indicated that the US consumer sentiment slightly grew virtual change during the first half of July.
Cairo – Mubasher: Alexandria Container and Cargo Handling Company’s board has recommended the distribution of EGP 400 million in cash dividends. The board also proposed increasing employees’ share in profit to 15%, according to a bourse statement …
Cairo – Mubasher: The trade exchange between Egypt and the Common Market for Eastern and Southern Africa (COMESA) reached $2.31 billion in 2018, compared to $1.64 billion the year before. Egyptian exports to COMESA surged 34.5% year-on-year to …
