Egypt’s Account Deficit Falls, FDIs Jump in Q1 FY 2019/20
The Central Bank of Egypt (CBE) stated on December 26 that the country's current account deficit narrowed to USD 1.382 bn (EGP 22.53 bn) in the first quarter of FY 2019/20 from USD 2.012 bn (EGP 32.79 bn) in the p ...
Garhy Steel Plans IPO in Q1 of 2018
Egyptian steel manufacturer Garhy Steel is planning to offer 25% of its shares in the Egyptian Exchange (EGX) during the first quarter of 2018, Invest-Gate reports.
Ezz Steel Sees Higher Losses in Q1
Egyptian steel producer Ezz Steel incurs higher consolidated losses year-on-year in the first quarter of the fiscal year 2017/2018, Invest-Gate reports.
Samcrete Posts Higher Profits in Q1
Egyptian construction and development company Samcrete Egypt Engineers and Contractors posts a 2820% year-on-year rise in its standalone profits in the first quarter of 2017, Invest-Gate reports.
Egyptian Resorts Company Swings to Profits in Q1
Egyptian Resorts Company (ERC) posts consolidated net profits of EGP 66.08 mn during the first quarter of 2017, against losses worth EGP 1.42 mn in the prior-year period, Invest-Gate reports.
Remco For Tourism Village Construction Losses Decline in Q1
Remco for Tourism Village Construction Company’s standalone net loss declines in the first quarter of 2017 by 43.55% to stand at EGP 22.4 mn, compared to EGP 24.7 mn a year ago, Invest-Gate reports.
HDB Profits Grow 203% in Q1
Egypt’s Housing and Development Bank (HDB) posts consolidated profits of EGP 556.8 mn in Q1 of 2017, up 203% y-o-y from EGP 183.7 mn, Invest-Gate reports.
Tourist Arrivals Up 51% in Q1
Tourist arrivals to Egypt rise by 51% in the first quarter of 2017, compared to the same period a year earlier, Invest-Gate reports.
