TE’s Q3 profits surpass investment banks’ expectations by 11.9%
Even though net profits of the company during Q3 exceeded expectations, they declined by 27.85% compared to profits during the same period in 2015
13 Alexandria workers forced to resign ahead of military trial verdict
Verdict to be issued on Tuesday
270 ships transit Suez Canal in 6 days carrying 14.9m tonnes
Suez Canal traffic data showed that 270 ships transited the canal with a total load of 14.9m tonnes from 5-10 November. An average of 45 ships transited the canal per…
CPA refers Pizza Hut to public prosecutor for advertising false prices
The Consumer Protection Agency (CPA) referred Americana Group, owner of the Pizza Hut franchise in Egypt, to the public prosecution for violating Consumer Protection Act 67 of 2006. A consumer…
Acumen-Beltone to promote subscription to HDB fund in Q1of 2017
The company is planning to promote the fund among investors from Gulf countries, besides local investors to ensure its shares will be sold
Bank of America advises investors to buy Egyptian treasury bills
The Merill Lynch institution, affiliated to Bank of America, one of the largest investment banks in the world, has advised international investors and financial institutions to invest in Egyptian treasury…
Egyptians struggle to cope after two uprisings: analysts
Egyptians worried about future given political and economic conditions
IMF loan and proceeds of bonds pushes EGX to restore historic levels
Funding will push the EGX past the foreign exchange fluctuations to target 11,200 points this week, say investment managers
IMF executive board approves $12bn loan to Egypt
EFF-supported programme will help Egypt restore macroeconomic stability and promote inclusive growth
Standard and Poor’s revises Egypt’s outlook from ‘negative’ to ‘stable’
S&P projects Egypt’s GDP growth may exceed 4% by 2019