Global Telecom

Global Telecom pays 2nd tranche of tax settlement worth $82.3M

Tue, 10 Sep 2019 - 01:24 GMT

An agreement between the Tax Authority and Global Telecom was signed in June to settle the tax dispute between the company and the Egyptian Tax Authority.

Global Telecom's profits surge to $26M in 1st half of 2019

Thu, 01 Aug 2019 - 12:17 GMT

During the second quarter of 2019, Global Telecom recorded loss of $28.3 million, compared to loss of $31.7 million during the same quarter of 2018.

Finance Ministry ends $136M tax dispute with Global Telecom

Wed, 26 Jun 2019 - 05:03 GMT

Upon this agreement, Global Telecom will pay its tax dues to the tax treasury, which amount to $136 million until 31 December 2018.

Global Telecom turns into loss in 1st 9 months of 2018

Thu, 08 Nov 2018 - 12:23 GMT

As per standalone results, Global Telecom deepened its loss during January to September period to $338.7 million, compared to a loss of $84.5 million during the same period of 2017.

Global Telecom’s profits decline 65.5% during H1 2018

Thu, 02 Aug 2018 - 02:25 GMT

The Company revealed that its standalone results turned into profitability during the first half of the current year by $413.1 million.

Business news wrap-up

Thu, 03 Aug 2017 - 04:35 GMT

A wrap-up for the most prominent news circulated during the day.

Egyptian firms’ earnings to hike 46% in Q2 of 2017: Report

Tue, 11 Jul 2017 - 11:23 GMT

Egypt’s aggregate earnings are likely to rise by 46 percent year-on-year to LE 11.6 billion in the second quarter of 2017.

EGX ends up post Easter holiday, benchmark adds 0.5%

Tue, 18 Apr 2017 - 03:56 GMT

The Egyptian Exchange (EGX) ended on a positive note Tuesday, pushed by foreign traders’ purchases following Easter holiday.