Latest in Tag: CI Capital Highlight

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Latest in Tag: CI Capital

Reducing subsidy expenses essential to jumpstarting Egypt’s economy: Economists

Reducing subsidy system expenses in the 2014/2015 fiscal year (FY) budget will help drive Egypt’s economy forward, economic analysts said at the Euromoney Conference, currently being held in Cairo.. It is essential to reduce public expenses for Egypt’s economy, especially with regards to the energy situation, said Managing Director of Qalaa Holding Hisham El-Khazindar. El-Khazindar …

Abdel Razek Al-Shuwekhi

CI Capital raises Egypt’s Oriental Weavers

By Reuters CAIRO: Egypt’s Oriental Weavers, the world’s biggest machine-woven carpet maker, may report earnings growth of 33 percent in 2012 helped by easing raw material prices and increased demand, CI Capital said and upgraded the stock to “buy”. The company’s profitability was hurt over the last year due to increased raw material costs, political …


CI Capital raises Ezz Steel to buy

By Reuters CAIRO: Egypt’s largest steel producer Ezz Steel will benefit from the reinstatement of operating licenses for two of its plants after paying a fee, said CI Capital Research and upgraded the stock to “buy” from “hold.” In September, an Egyptian court jailed Ezz’s former chairman Ahmed Ezz for indulging in corruption and ordered …


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