Maridive posts 9-mth net down 14 pct
CAIRO: Egypt's Maridive and Oil Services reported a 14 percent slide in net profit to $44.5 million for the first nine months of 2011 compared to the same period a…
Lecico posts Q3 net loss of LE 3 mln
CAIRO: Egyptian ceramics firm Lecico reported a net loss of LE 3.0 million ($0.5 million) in the third quarter of 2011, the firm said in a statement on Monday. Lecico…
AlembicHC raises El Sewedy to overweight
CAIRO: El Sewedy Electric is poised to benefit from falling copper prices, said AlembicHC and upgraded the company's stock to "overweight" citing compelling valuation. The brokerage said it expected Sewedy's…
Dana Gas Q3 profit quadruples on higher production
DUBAI: Dana Gas, the UAE energy firm, on Monday said its third-quarter net profit more than quadrupled buoyed by a 20 percent increase in total production and higher oil prices.…
Talaat Moustafa 9-mth profit falls 43 pct
CAIRO: Talaat Moustafa Group, Egypt's biggest listed developer, posted a 43 percent decline in its 2011 nine-month net profit to LE 493.7 million ($82 million), the bourse said on Monday.…
GB Auto says Q3 net climbs 25 pct year-on-year
CAIRO: Egypt's GB Auto said on Sunday its third-quarter net income rose 25 percent year-on-year to LE 89.0 million ($14.9 million), but said the return to growth may be temporary…
Rights group slams order to probe accounts of 36 activists
CAIRO: The Arabic Program for Human Rights Activists (APHRA) slammed a court order allowing a probe into the bank accounts of 36 Egyptian human rights activists. “There's no point in…
Orascom Telecom swings to Q3 net loss
CAIRO: Orascom Telecom swung to a net loss of $975 million for the third quarter from a profit a year earlier, when it reported a one-off gain from its Egyptian…
Telecom Egypt sees annual profit in line with 2010
CAIRO: Telecom Egypt expects to maintain profitability in the full year in the face of economic turmoil, as the start-up of a cable project in the final quarter boosts wholesale…
Egypt telephone directory provides voting information
CAIRO: A new service that helps citizens figure out voting dates and information on polling stations was launched Monday, the Cabinet of Ministers said in a statement. Citizens can use…