Credit Agricole Egypt’s mortgage company Egyptian Housing Finance Co. (EHFC) declined by 14 percent to record finances …
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Company
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The Egyptian state-owned aviation company Egypt Air incurred losses estimated at 600 million Egyptian pounds (US$76.5 million) …
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The National Bank of Egypt (NBE) has pumped 20 million Egyptian pounds (US$2.5 million) to float the …
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Industry & Trade
Shell vows more cuts as annual profit sinks on weak oil prices
by Noha Gadby Noha GadRoyal Dutch Shell (RDSa.L), Europe’s largest oil company, reported its lowest annual income in at least 13 …
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Financial Institutions
Egypt’s FEP Capital awarded best direct investment firm
by Noha Gadby Noha GadLondon’s International Finance magazine presented Egyptian company FEP Capital with the awards for best direct investment company …
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Egypt’s National Bank of Egypt (NBE) has reached a debt settlement agreement with a gas company worth …
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Industry & Trade
Petrobel ups its investments to $1.1 billion in FY2015-16 budget
by aya salahby aya salahEgypt-based joint-venture company Belayim Petroleum – Petrobel is to increase its investments to US$1.1 billion, from US$750 …
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Financial Institutions
GIG Insurance named best non-life insurance company in Egypt
by Noha Gadby Noha GadArab Misr Insurance Group (GIG) has been awarded as the best non-life insurance company in Egypt for …
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Travel company TUI AG (TUI1.XE) Thursday reported a 22% rise in underlying operating profit, above expectations, but …
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Tech news
Yahoo transfers its stakes in Alibaba to new internet business company
by Noha Gadby Noha GadYahoo Inc said it scrapped a plan to spin off its stake in Alibaba Group Holding Ltd, …