news

Nile Pharma’s pretax profit soars 602% in 9M
13 - Mon - Apr - 2020
Nile Pharma’s pretax profit soars 602% in 9M
The board of directors of Nile Pharmaceuticals and Chemical Industries (Nile Pharma) announced that net profits before taxes surged by 602.4% year-on-year (YoY) during the first nine months of fiscal year 2019/2020.Nile Pharma’s pretax net profits soared to EGP 85 million in the nine-month period ended 31…
Banking consortium inks EGP 750m syndicated loan deal with CRC
13 - Mon - Apr - 2020
Banking consortium inks EGP 750m syndicated loan deal with CRC
A banking consortium comprised of Societe Arabe Internationale de Banque (SAIB), the National Bank of Egypt (NBE), and Suez Canal Bank signed a medium-term syndicated loan worth EGP 750 million with Construction and Reconstruction Engineering Co. (CRC), a subsidiary of Dorra Group.SAIB and NBE will each contribute EGP 300…
Arab Drug’s pretax profit up 118% in 9M
13 - Mon - Apr - 2020
Arab Drug’s pretax profit up 118% in 9M
 Arab Drug Company reported a 118.37% year-on-year (YoY) surge in its net profits before taxes during the first nine months of fiscal year 2019/2020.The company’s pretax net profits reached EGP 88.55 million in the nine-month period ended 31 March 2020, compared to EGP 40.55 million in…
Orascom Development takes measures against COVID-19, reveals impact on Q1 sales
13 - Mon - Apr - 2020
Orascom Development takes measures against COVID-19, reveals impact on Q1 sales
Orascom Development Egypt announced several measures against the negative implications of the novel coronavirus (COVID-19) outbreak.   The company decided to cut capital expenditures (CAPEX) to keep the necessary items only, delay and freeze new hires, slash all expenses, including marketing expenses, and push back all government dues where…
Americana Group approves Cairo Three A’s offer, 2019 dividends
13 - Mon - Apr - 2020
Americana Group approves Cairo Three A’s offer, 2019 dividends
The ordinary general meeting (OGM) of the Egyptian Company for International Touristic Projects (Americana Group) approved Cairo Three A for International Industries’ offer to buy its stake in the Egyptian Starch and Glucose.Cairo Three A has offered to purchase Americana Group’s stake in the Egyptian Starch and Glucose,…