Spanish startup Glovo announced on Tuesday it is exiting four markets; Egypt, Turkey, Uruguay and Puerto Rico, …
Tag:
profitability
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Industry & Trade
Egypt’s Middle East Glass Manufacturing 9-month profits rise to 65 mln pounds
by Yomna Yasserby Yomna YasserEgypt’s Middle East Glass Manufacturing Company (MEGM) revealed Sunday that it turned into profitability, recording 65 million …
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Egypt’s largest steel producer Ezz Steel reported Wednesday a 551 percent increase in its profits to reach …
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Banks
Foreign firms in Egypt achieve 40% profitability rates annually – c.bank chief
by Yomna Yasserby Yomna YasserForeign companies operating in Egypt achieve profitability rates ranging between 30 percent and 40 percent per year, …
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The Central Bank of Egypt (CBE) said on Tuesday it is increasing the reserve requirement on deposits …
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Uber Technologies Inc reported Wednesday a 16 percent increase in quarterly bookings and a smaller loss than …
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Tech news
Uber’s finance head leaves, company’s quarterly loss narrows
by Yomna Yasserby Yomna YasserUber Technologies Inc said its head of finance is leaving, and the privately held ride-hailing company also …
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Blogging
Govt. aims to nurture Egyptian Agricultural Bank back to profitability
by Noha Gadby Noha GadWhile most eyes last month were on the flotation of the currency and an increase in the …
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Tech news
Tesla Motors posts less than expected second quarter profits
by Ghada Ismailby Ghada IsmailTesla Motors Inc reported a steeper than expected quarterly loss on Wednesday on higher spending at its …
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