Latest in Highlight
Latest in
15 richest men in Egypt worth over $23bn: Egypt Business Directory
Sawiris, Mansour and Sewedy family make a strong showing on list
Egypt’s 16 richest men
Egypt has seven prominent billionaires and even more millionaires
Profits drop 34 pct at Egyptian cable firm Sewedy
By Tamim Elyan / Reuters CAIRO: Egypt’s El Sewedy Electric, the Arab world’s biggest listed cable maker, reported on Monday a 34 percent drop in its consolidated net profit for 2011, a year of political uprisings that disrupted economies in the region. Net profit fell to LE 536.5 million ($88.82 million) from LE 816.6 million in …
AlembicHC raises El Sewedy to overweight
CAIRO: El Sewedy Electric is poised to benefit from falling copper prices, said AlembicHC and upgraded the company’s stock to "overweight" citing compelling valuation. The brokerage said it expected Sewedy’s Turnkey division, which is a relatively high-margin business to represent a third of the company’s business by 2012. "We expect the division…to continue to deliver …