Kuwait Finance House Q1 profit down 21 pct
KUWAIT: Kuwait Finance House (KFH), the country's biggest Islamic lender, on Sunday reported a 21.4 percent fall in first-quarter net profit, missing analysts' expectations. Net profit for the quarter was…
Iran natural gas exports to Turkey seen rising
TEHRAN: Iran's natural gas exports have shot up over the past month due to increased trade with Turkey, a senior energy official said on Sunday. "The export of Iranian natural…
Algeria presses demand for Orascom talks
Algeria's government on Sunday repeated a demand that Egypt's Orascom Telecom consult it about a plan to sell its Algerian unit to South Africa's MTN, official media reported. "What we…
UAE's RAKBank Q1 net profit up on loans, deposits
DUBAI: UAE lender National Bank of Ras Al-Khaimah (RAKBank) on Sunday said first-quarter net profit rose 42 percent, boosted by an improvement in lending activity and higher customer deposits. Abu-Dhabi-listed…
The whole policy has to change, says economist Galal Amin
CAIRO: To identify and write about a problem and for 40 years watch as it deteriorates while the warning messages are ignored is a frustration economist Galal Amin is all…
Steel rebars prices decrease this month
CAIRO: The price of steel rebars took a LE 300 dive this Saturday, May 1, which experts attribute to a decrease in international prices. The Chamber of Metallurgical Industries stated…
Egypt's Arafa 2009 net profit $10.2 mln, says bourse
Arafa Holding, Egypt's biggest garment exporter, reported consolidated net profit for the year to end-January of $10.2 million, the firm said on Sunday. The company changed its financial year to…
Emaar Misr stresses its commitment to deadlines, external infrastructure
CAIRO: Emaar Misr, the wholly-owned subsidiary of global property developer Emaar Properties PJSC, announced that it would hand over residences and commercial properties in its developments in Egypt by the…
Egypt 182-day, 91-day T-bills average yield rises
The average yield on Egyptian 182-day Treasury bills rose to 10.306 percent at an auction on Sunday from 10.196 percent at last week's auction. The central bank accepted bids worth…
Kuwait Energy finds oil in Egypt's desert
Kuwait Energy Company said on Sunday it struck oil in a field in Egypt's Western Desert. The privately held company said in a statement the find in East Ras Qattara…