news

Pyramisa Hotels and Resorts’ profit falls 30% in 2019; dividends proposed
16 - Sun - Feb - 2020
Pyramisa Hotels and Resorts’ profit falls 30% in 2019; dividends proposed
Pyramisa Hotels and Resorts reported a 29.77% year-on-year profit decline during 2019, the company’s consolidated financial statements showed. The company’s net profits shrank to EGP 37.49 million last year from EGP 53.38 million in 2018, including minority shareholders’ rights, according to a bourse statement on Sunday.Meanwhile, the cost…
Trading company serves as broker for Emerald’s private offering
16 - Sun - Feb - 2020
Trading company serves as broker for Emerald’s private offering
Trading company, a subsidiary of Mubasher Capital Holding for Financial Investments, will act as a broker of the private offering of 28% of shares of Emerald Real Estate Investment at a total value of EGP 202.3 million after the Financial Regulatory Authority (FRA) approved the prospectus of the…
CBE offers EGP 14.5bn T-bills on Sunday
16 - Sun - Feb - 2020
CBE offers EGP 14.5bn T-bills on Sunday
The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 14.5 billion on Sunday on behalf of the Ministry of Finance.The first tranche of the T-bills amounts to EGP 4 billion and will be offered through 91-day notes, while the second tranche…
Egyptian gov’t opens midway waste recycling station
16 - Sun - Feb - 2020
Egyptian gov’t opens midway waste recycling station
Egyptian environment and local development ministers on Saturday opened a midway waste recycling station in Kirdasah, according to a statement.Situated on 3,500 square metres, the plan has the capacity to manage 2,500 tonnes of waste, environment minister Yasmine Fouad said.​​​​​​​The environment ministry provided equipment worth…
EgyptAir receives 1st Airbus A320Neo plane
16 - Sun - Feb - 2020
EgyptAir receives 1st Airbus A320Neo plane
EgyptAir on Saturday received its first Airbus A320Neo plane, according to Ahram Online.The A320Neo is among 15 aircraft scheduled for delivery to EgyptAir, including eight Airbus A320Neo aircraft and seven Airbus A321Neo.EgyptAir is the first company to operate both the Airbus A320Neo and Airbus A220…