News

Hermes CEO :Excess cash in our balance sheet of $400 million 28 Jan 09 05:57 PM EFG-Hermes (HRHO), Egypt's largest investment bank by market value, has a solid balance sheet with capital in excess of $400 million and does not need Egyptian Satellites announces the end of buying back treasury stocks 28 Jan 09 02:32 PM Egyptian Satellites (EGSA) announced that the company finished buying back shares (treasury stocks). Naeem Holding announces the end of buying back treasury stocks 28 Jan 09 02:31 PM Naeem Holding (NAHO) announced that the period of buying back shares (treasury stocks) has ended. International Agricultural denies having intention to buy El Nasr 28 Jan 09 02:00 PM International Agricultural Products (IFAP)sent a release to EGX denying its intention to buy El Nasr for Manufacturing Agricultural Crops. Raya sales of mobile phones retreated by 20 % 28 Jan 09 01:35 PM A number of agents for the leading mobile phones companies monitored the sharp recession in sales of mobile devices by at least 25%, such a recession HSBC cuts Mobinil and Telecom Egypt price targets 28 Jan 09 01:15 PM HSBC revised its price targets on several telecom stocks in Egypt including the Egyptian Company for Mobile Services (EMOB), as it downgraded mobinil CMA approves tender offer to buy Alexandria Medical Services 28 Jan 09 11:50 AM CMA sent a release to EGX concerning the approval on the obligatory tender offer submitted from Gamal Abd Alfatah Abd Alrhman Hamada based on Chapter GMC denies any studies to establish a low-cost housing project 28 Jan 09 11:49 AM GMC for Industrial Commercial & Financial Investments (GMCI) sent a release to EGX denying an announcement published on a website stating that the com Holding Construction Company realizes profits of LE 240 million 27 Jan 09 04:19 PM The Holding Construction Company realized profits of LE 240 million versus losses of LE 35 million, while net profits of affiliated companies amounted Spinning and weaving holding company reports a net loss of LE 41 million 27 Jan 09 04:19 PM Results of the Holding Company for Spinning and Weaving were presented during the company's annual general meeting, chaired by the Minister of Investm