Egypt's economic losses limited as result of avoiding complete curfew, applying stimulus packages

Tue, 04 May 2021 - 03:27 GMT

This came in a statement by the Ministry of Planning today its participation in preparing the chapter on the Middle East and North Africa in the Global Food Policy Report 2021, which is issued by the International Food Policy Research Institute (IFPRI).

Coronavirus causes Egyptian economy losses of LE 370B

Tue, 27 Apr 2021 - 02:12 GMT

Maait added in a TV interview that more than LE 100 billion has been spent to support the sectors affected by coronavirus.

Sheeni records losses of LE26.23M in H1 of 20/21

Mon, 15 Mar 2021 - 12:31 GMT

The company attributed the loss to the decrease in sales volume that was affected by the state of the markets, in addition to continuing to sell stagnant stock for years, unlike the porcelain factory, which achieves losses according to the expected aging of machinery and equipment.

Raya Holding records loss of LE61.67M in 2020

Sun, 14 Mar 2021 - 03:56 GMT

The share of non-controlling interests reached profits of LE 15.99 million during 2020, compared to LE 55.94 million in 2019.

Egypt Gas turns into losses in Q1 2020

Mon, 15 Jun 2020 - 03:44 GMT

EGAS' financial indicators revealed that the company reached revenues of LE 691.32 million by the end of March

Ezz Steel hits losses of LE 7.9B in 2019

Sun, 14 Jun 2020 - 02:27 GMT

The company added in a statement to the Egyptian Stock Exchange (EGX), Sunday, that its sales declined to LE 45.71 billion, compared to LE 49.116 billion in 2018.

Qalaa Holdings records LE 1.5B losses during 2019

Mon, 04 May 2020 - 12:21 GMT

As per standalone results, the company’s losses increased 52 percent, recording LE 334.2 million in 2019, compared to losses of LE 219.54 million in 2018.

Combating power theft in Egypt explained

Mon, 13 May 2019 - 01:38 GMT

As the Ministry of Electricity has estimated the losses the sector incurred as a result of power theft in billions of pounds; it has put a plan to cease the violation.

Egypt probes ‘virus-infected' tomato seeds

Sat, 06 Oct 2018 - 01:06 GMT

A committees, formed by the state-owned Agricultural Research Center (ARC), started taking samples of the infected tomatoes in several areas for analysis.

Orange Egypt losses decrease to LE 1.6B in 2017

Wed, 21 Feb 2018 - 11:24 GMT

The company’s revenues increased 7.51 percent to achieve LE 12.67 billion in 2017, compared to LE 11.79 billion in the prior year.

National Cement widens its losses in H1 to LE 496M

Tue, 30 Jan 2018 - 01:18 GMT

The company said that its losses widened 136.7 percent, reaching LE 496 million, compared to LE 209.5 million in H1 of fiscal year 2016/2017.

US STOCKS-Consumer stocks limit gains on Wall St

Wed, 27 Sep 2017 - 07:35 GMT

Losses in consumer stocks including Nike reined in gains for Wall Street's main indexes on Wednesday.

Alexandria Portland Cement widens losses in Q2, H1

Mon, 07 Aug 2017 - 06:00 GMT

Net sales increased 17 percent to LE 577 million by June 2017, up from LE 500 million in the same year-ago period.

Misr Kuwait Investment turns to profits in H1

Sun, 06 Aug 2017 - 02:21 GMT

Misr Kuwait Investment and Trading’s sales increased to LE 14.2 million in H1 of 2017, up from LE 9.13 million in H1 of 2016.

Dollar recovers some ground before data; sterling tanks

Thu, 03 Aug 2017 - 01:27 GMT

The dollar recouped some losses on Thursday but was still holding near a 2-1/2-year low hit in the previous session as investors readied for U.S.

Orange losses widen 3245% in 6 months

Mon, 24 Jul 2017 - 10:45 GMT

Orange Telecommunication Egypt incurred LE 1.104 billion losses in the first six months of 2017, with a surge of 3245 percent from LE 33 million.

Delta Company for Fertilizers incurs LE 358M losses in 3 months

Fri, 21 Jul 2017 - 10:22 GMT

Delta Company for Fertilizers incurred LE 168 million losses from the Egyptian pound's flotation and LE 190 million from stoppage of the plants in three months.

149 shops and 4 buildings damaged in Edfu market fire

Wed, 19 Jul 2017 - 09:31 GMT

Governor of Aswan decided to constitute a committee to allocate damages and losses in the aftermath of the Edfu market fire to pay compensations to the victims.

Ezz Steel sales grow 63% in Q1

Tue, 18 Jul 2017 - 12:59 GMT

Al Ezz Steel Company’s sales hiked 63 percent to LE 8 billion in the first quarter of 2017 compared to LE 4.9 billion in a year-ago period, a Tuesday statement.

Al Ezz Dekheila losses shrink 60% in Q1 of 2017

Mon, 17 Jul 2017 - 12:53 GMT

Al Ezz Dekheila Steel Company’s losses shrank 60.3 percent year-on-year to LE 69 million ($3.8 million) in the three months.