South Valley Cement Q1 profit up 39 percent
Egyptian group South Valley Cement posted a 39 percent jump in first-quarter net profit to LE 40.7 million ($7.2 million), the stock exchange said on Monday. The company gave no…
Egypt offers LE 3 bln in reopened 3, 5-yr bonds
Egypt's Finance Ministry is reopening three-year and five-year bonds with offerings worth LE 1.5 billion ($266 million) for each bond, the central bank said on Monday. The three-year bonds, which…
Rachid says plans to develop chemistry department
Trade and Industry Minister Rachid Mohamed Rachid said that the ministry has started to implement a comprehensive plan to enhance the department of chemistry and all its affiliates, reported SIS.…
Egypt targets 15 pct rise in exports to UAE: Mohieldin
The volume of trade between Egypt and the UAE is expected to double from its present level to more than 8 billion dirhams in the next three years, Investment Minister…
Beltone hosts MENA investment conference
Cairo-based investment bank Beltone Financial kicked off its third annual MENA Investment Conference in New York, to provide US institutional investors with a comprehensive update on investment opportunities and regulatory…
Activist, lawyer accused of defaming the judiciary speaks to prosecution office
CAIRO: The Cairo appeals prosecution office on Monday listened to the testimony of the director of the Arab Center for the Independence of the Judiciary, Nasser Amin, who is accused…
Hassan tight-lipped on Al-Badri row
CAIRO: Ahly midfielder Ahmed Hassan said he will comment on his row with manager Hossam Al-Badri at the end of the season. "It is not the right time to speak…
Arafa to distribute bonus share, forms JV
Arafa Holding, Egypt's biggest garment exporter, will distribute a dividend of one share for every 10 owned, the firm said on Monday. Later in the year, it will distribute yet…
Ezz Dekheila Steel Q1 profit up 47 pct
Ezz Dekheila Steel, a unit of Ezz Steel, increased its first quarter net profit 47 percent from a year earlier, the stock exchange said on Sunday. The firm made a…
Ahly welcome back Fathi for Cairo derby
CAIRO: Ahly's versatile midfielder Ahmed Fathi has recovered from injury in time to take part in Wednesday's Cairo derby against Zamalek, the Egyptian champions said on Monday. Fathi, one of…