Qalaa records net loss of EGP 242.7m in Q1 2016 despite 20% increase in revenues
Despite the increase in revenues, Qalaa Holdings also recorded a net loss worth EGP 242.7m, greater than the EGP 119.1m loss reported last year.
Mohamed Samir
648 Articles
Mohamed Samir is an economic and political journalist, and analyst specialising in geopolitical conflicts in the Middle East, Africa and the Eastern Mediterranean. Over the past decade, he covered Egypt's and the MENA region's financial, business, and geopolitical updates. He is currently the Executive Editor of the Daily News Egypt.
Latest by Mohamed Samir
Infrastructure projects are the cornerstone of Egypt’s GDP growth recovery: Minister
$50bn worth of tax conflicts will be resolved through the new tax reconciliation law
Egypt FDI increases by 49.3%, reaching $6.9bn in 2015: Dhaman
UAE, Saudi Arabia, Egypt receive 63% of inward FDI to Arab countries: DHAMAN
US investments in Egypt drop by 85.9% in 2015: CAPMAS
Egypt grain imports from US decline by 56.7%
Schneider Electric, AUC sign in-kind gift agreement to develop local communities
Egypt has huge solar energy potential, which can provide energy to remote and off-grid areas
BP sanctions development of 1.5tn cubic feet Atoll field in Egypt
Early production will bring up to 300m cubic feet per day starting 2018
Increasing interest rates: controlling inflation or increasing deficit and debt burden?
The government’s current debt is projected to reach 11.5% (EGP 309bn) in fiscal year (FY) 2016/17
Sinoma International Engineering signs contract with Defence Ministry worth €1.05bn
The amount will be paid in instalments over the course of 11 years
UNDP to implement new development project in Greater Cairo
The project aims to restore the value of important major historical and heritage sites
4.4% growth in GDP forecasted for FY 2016/17 in Egypt: World Bank
$35bn accumulated in direct and indirect losses from war in Syria and advance of IS in MENA region
SODIC targets 10% increase in net profits by year’s end
Eastown to generate up to 80% of the recurring income by 2020
EBRD announce new cooperation strategy with Egypt
EBRD currently has €1.7bn in investments contributing to 34 different projects in Egypt, says Chakrabarti
Egypt’s GDP to grow by 3.6% in FY 2016/17: Fitch Ratings
The agency rating evaluates Egypt’s high fiscal deficit, low foreign reserve coverage, and recent volatile political history, with low external debt being levelled against gradual progress in implementing an economic and fiscal reform programme
IFC to invest $25m in Carbon Holdings Limited
Partnership with the IFC, will boost the potential of Egypt’s chemicals sector
New technological project connects consumers to retail outlets: Khaled Hanafy
Internal trade sector attracts more than EGP 5bn in foreign investment
€68m French grant to provide natural gas to 2.4m Egyptian households
Over 75% of homes in Egypt currently depend on LPG cylinder distribution
Sovereign Wealth Fund established to exploit unused public sector assets: cabinet
Exploiting the unused assets will boost investments within the infrastructure segment
Egypt Vision 2030 begins to revive tourism industry, renovate infrastructure: planning minister
The projected goals go hand in hand with the draft budget for fiscal year (FY) 2016/17, which was announced Sunday