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Amer Group FY2016 earnings
** Earnings Watch: Amer Group reported a 9.88% y-o-y increase in net profit after tax and minority interest for FY2016,…
Speed Round
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PHD denies rumors of share buy-back
PHD denies rumors of share buy-back: Palm Hills Developments (PHD) announced it has no intentions to use the profits generated…
CPA refers Souq.com to prosecution over unlicensed meds sales
Is Souq.com under investigation? The Consumer Protection Agency (CPA) has referred e-commerce platform Souq.com to the Prosecutor General’s Office, alleging…
Petroleum Ministry says subsidies to surpass EGP 70 bn
The Petroleum Ministry has requested that the Finance Ministry appropriate extra funds for fuel subsidies, which will cost more than…
Which state energy company will list first, AMOC or Enppi?
Which state energy company will tap the equity market first, AMOC or Enppi? Alexandria Mineral Oils Co (AMOC) Chairman Amr…
EFSA suspends Acumen-Beltone for three years
Asset manager Acumen-Beltone handed three-year suspension. The Egyptian Financial Supervisory Authority (EFSA) has handed asset manager Acumen-Beltone a three-year suspension,…
Dana Gas freezes investment in Egypt over delayed payments
Dana Gas says it is freezing investments in Egypt. The company will not inject new investments in the country because…
Headline inflation at highest level since EGP float
Headline inflation hit 29.6% in January, upfrom 24.3% in December, Ahram Online reports. The number is the highest level since…
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