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Odin Investments swings to loss in 2019 on lower revenue
26 - Wed - Feb - 2020
Odin Investments swings to loss in 2019 on lower revenue
Odin Investments announced turning to losses during 2019 due to lower revenues, the company’s consolidated financial statements showed.The company incurred net losses of EGP 1.2 million last year from EGP 2.05 million in 2018, according to a statement to the Egyptian Exchange (EGX) on Tuesday.Meanwhile, revenues…
Kuwait’s health ministry confirms 8 coronavirus cases
26 - Wed - Feb - 2020
Kuwait’s health ministry confirms 8 coronavirus cases
Kuwait’s Ministry of Health announced that three Kuwaiti nationals had tested positive for the new coronavirus (COVID-19) epidemic, bringing the total infected cases to eight in the country until the moment.The three new cases arrived from Iran and were strictly quarantined, the ministry stated on its official…
Mopco’s profit shrinks 48% in 2019 unaudited consolidated financials
26 - Wed - Feb - 2020
Mopco’s profit shrinks 48% in 2019 unaudited consolidated financials
The unaudited consolidated financial results of Misr Fertilizers Production Co (Mopco) reported a 48.2% year-on-year profit decline during 2019.Net profits slid to EGP 1.645 billion last year from EGP 3.17 billion in 2018, the company said in a statement to the Egyptian Exchange (EGX) on Tuesday.  Meanwhile,…
Egypt’s ex-President Hosni Mubarak passes away
26 - Wed - Feb - 2020
Egypt’s ex-President Hosni Mubarak passes away
The Egyptian former President Hosni Mubarak passed away at the age of nearly 92 on Tuesday, state-run TV reported. ​​​​​​​In January, Mubarak underwent a surgery and was said to be in a stable condition, according to his son Alaa.
Kuwait’s crude oil slid to $56.75 pb on Monday – KPC
26 - Wed - Feb - 2020
Kuwait’s crude oil slid to $56.75 pb on Monday – KPC
The price of Kuwait’s crude oil declined by $1.84 on Monday, 24 February, to reach $56.75 per barrel (pb) as compared to KWD 58.59 pb last Friday, according to the official prices by Kuwait Petroleum Corporation (KPC).On the global level, prices retreated by around 4% on Monday in…