Egypt

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May	12
17

FSA approves Tourism Urbanization capital increase to LE55.64 million

Category : IPO & Corporate Financials |

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Egyptian Financial Supervisory Authority (EFSA) sent a release to EGX stating that it approved Tourism Urbanization - (TOUR) to call for the existing shareholders to subscribe in the company’s issued capital increase from LE 45.640 million to LE 55.640 million amounting to LE 10 million, through the issuance of 1 million ... more

May	12
17

EGX30 shuts 1.31% lower on foreign selling and blue chips down

Category : Stocks & Money |

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Benchmark index EGX30 closed in the red, shedding 1.31%, or 65.01 points to reach 4890.3 pts.Likewise, EGX70 dipped 1.52%, or 6.5 pts to 419.86 pts. The broader EGX100 ended 0.89%, or 6.93 pts lower at 771.1 pts.Traded value neared EGP 373.363 million, generated from 22.354 thousand transactions executed on 92.16 million ... more

May	12
17

Egyptian Satellites (NileSat) declares $0.4 per share payout

Category : Stocks & Money |

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Egyptian Satellites (NileSat) - (EGSA) declared cash dividends of $ 0.40 per share payable on 03/06/2012.Shareholders as of 29/05/2012 are entitled to cash dividends distribution.Source: EGX + Arab Finance ... more

May	12
17

Delta Insurance 9-months profits hit LE19 million

Category : Banking & Insurance |

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Delta Insurance (DEIN) reported consolidated financial results posting a net profit of LE 19,182,423 for the period from 01/07/2011 till 31/03/2012.Noting that, it posted net profits of LE 8,531,513 for the same period of the previous year.Source: EGX + Arab Finance ... more

May	12
17

Medinet Nasr Housing Q1/12 standalone profits jump to LE21 million

Category : IPO & Corporate Financials |

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Medinet Nasr Housing - (MNHD) reported standalone financial results posting a net profit of LE 21,479,823 for the period from 01/01/2012 till 31/03/2012.Noting that, it posted net loss of LE 7,207,741 for the same period of the previous year.Source: EGX + Arab Finance ... more

May	12
17

Egyptian for Tourism Resorts offers 47 villas for sale

Category : Construction & Building |

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Egyptian for Tourism Resorts Co. announced offering 47 luxury villas for sale at Gamran development. It expected the attractive prices to lure many buyers.Q1-12 financial statements reflected net losses of EGP 5.507 million, versus EGP 1.261 million net profit in prior-year period.Revenue grew to EGP 6.657 million from EGP ... more

May	12
17

Rakta Paper Manufacturing loss hits LE18.5 million during April 2012

Category : IPO & Corporate Financials |

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Rakta Paper Manufacturing - (RAKT) BOD approved financial results for April 2012 with net loss of LE 18,576,619.Source: EGX + Arab Finance ... more

May	12
17

Maridive in talks to raise $30 million loan for Abu Dhabi's unit

Category : IPO & Corporate Financials |

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Maridive & Oil Services Co. stated today that it is negotiating with a bank operating in the UAE to obtain $30 million loan facility. This facility, which will be repaid over the next two or three years, will be used in preparing Maridive's 168.000-sq m unit in Abu Dhabi.Source: Mubasher ... more

May	12
17

EGX delegation meets with Sohag businessmen to promote NILEX

Category : Stocks & Money |

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Some officials at the Egyptian Exchange (EGX) met today, Thursday, May 17th, with several businessmen and investors in Sohag. The meeting was aimed at raising awareness about benefits of listing on Nile Stock Exchange (NILEX).Source: Mubasher ... more

May	12
17

Customers willing to pay extra for products for a company implements programs give back to society

Category : Local & Foregin Trade |

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Sixty three percent of global, socially-conscious consumers are under age 40, consult social media when making purchase decisions and are most concerned about environmental, educational and hunger causes, according to a new study from Nielsen, a leading global provider of information and insights into what consumers watch ... more

May	12
17

Egypt's consumers trust in social networks' ads increased

Category : Economy & Cooperation |

Views : 63 | Comments | 1 Likes

Ninety-two percent of consumers around the world say they trust earned media, such as word-of-mouth and recommendations from friends and family, above all other forms of advertising—an increase of 18 percent since 2007, according to a new study from Nielsen, a leading global provider of information and insights into what ... more

May	12
17

Cutting losses, increasing Islamic deposits & funds improve NDB Q1 results says CEO

Category : Banking & Insurance |

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The National Bank for Development (NBD) (DEVE) in cooperation with Abu Dhabi Islamic Bank (ADIB) announced its financial results for Q1 2012, which shows a continuation of the substantial progress made in 2011. Most encouraging indicator in Q1 2012 was the growth in customer assets and deposits by 10.1% and 32.6% ... more