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Housing and Development Bank’s EGM decisions
2007-11-07 21:02:00
The EGM of Housing & Development Bank, held on Sunday 05/11/2007, has decided the following: 1. Increasing the bank's authorized capital from EGP1.0 billion to EGP3.0 billion 2. Increasing the bank's paid-in capital from LE 550 million to LE 1,150 million through issuing 60 million new shares; 5 % of the new shares issued to be offered to employees at a par value of LE 10 per share plus issuance
More About: Decisions

Mansourah Poultry capital increase
2007-11-07 21:01:00
The Listing Committee held on 07-11-2007 has approved the listing of Mansourah Poultry 's capital increase, from LE 12.5 million to LE 15.625 million. The LE 3.125 million capital increase (representing the 5th issue) is distributed over 312,500 fully paid shares at par value of LE 10 per share on the Unofficial Schedule (1). These shares will be available for trading effective 15/11/2006 trading
More About: Capital

National Bank for Development declares a rights issue
2007-11-07 21:01:00
National Bank for Development announced a rights' issue of 71.8 million shares at LE 10.25 per share (LE 10 par value+ 25 P.T issuance fees). Shareholders entitled to the rights' issue are those owning the shares as of 21/11/2007 at a ratio of 1:2.547 shares. Subscription to the rights issue will start as of 22/11/2007, and end as of 24/12/2007. After the capital increase; the bank's paid in
More About: National , Rights , Ares

El Nasr Transformers (El Maco) reports 9 months results
2007-11-07 21:00:00
El Nasr Tran sformers (El Maco)(NASR) reports 9 months results, recording a net profit of LE 23,000,000 for the period from 01/01/2007 to 30/09/2007, compared against a net profit of LE 22,000,000 for the same comparable period from 01/01/2006 to 30/09/2006
More About: Results , Months , Month

Northern Upper Egypt Development reports 9 months results
2007-11-07 21:00:00
Northern Upper Egypt Development & Agricultural Production(NEDA) reports 9 months results, recording a net profit of LE 3,688,865 for the period from 01/01/2007 to 30/09/2007, compared against a net profit of LE 692,319 for the same comparable period from 01/01/2006 to 30/09/2006.
More About: Results , Northern , Months

Youth National Investment reports 9 months results
2007-11-07 21:00:00
Youth National Investment & Development(YTHA) reports 9 months results, recording a net profit of LE 695,731 for the period from 01/01/2007 to 30/09/2007, compared against a net profit of LE 627,457 for the same comparable period from 01/01/2006 to 30/09/2006.
More About: Results , Youth , Months

Egypt market review-Wednesday
2007-11-07 20:59:00
The market closed almost flat on today’s session, as profit taking transactions are still taking place especially after the announcement of TMG to sell shares in an IPO, what triggered investors to offload their positions to take part in it. CASE 30 Index closed 0.07 % up at 9301.96 points after reaching to a high of 9381.12 points by 11:55, the market traded 164 companies at LE 1,408,464,904,
More About: Egypt , Market , Review , Wednesday

Orascom Telecom bids for a license in Lebanon
2007-11-05 23:01:00
According to Al Alam Elyom; Naguib Sawiris, chairman of Orascom Telecom Holding (OT), announced that his company intends to bid for a mobile operator license in Lebanon competing against Etisalat and others. The Lebanese government is offering 2 licenses; companies will start submitting their bids on February 1st 2008 and technically qualified companies will be shortlisted by February 18th, 2008.
More About: License , Anon

Naeem Holding eyes a majority stake in Naeem Saudi Arabia
2007-11-05 23:00:00
the BOD of Naeem Holding has decided on its meeting held Nov,1st,2007 to cancel the previous meeting's decisions in what concerns with undertaking a capital increase through a rights issue, the capital increase was intended to cover the company’s expansions in the gulf territory. The company received enough liquidity from the sale of its stake in Al Watany Bank of Egypt, so. It doesn’t need the
More About: Eyes , Saudi , Saudi Arabia , Arabia

Sidi Krir Petrochemicals said to double annual capacity
2007-11-05 22:59:00
According to Al Mal Newspaper; Sidi Krir Petrochemicals will build a new ethylene plant that is to double it’s annul production capacity to 600,000 tons. The newspaper says that the company is currently negotiating to receive additional natural gas supply. CASE suspended trading on Sidi Krier Petrochemicals until it comments on the above.
More About: Double , Chem , Annual , Capa

Sidi Kerir Petrochemicals confirms new plant’s news
2007-11-05 22:59:00
Sidi Kerir Petrochemicals (SKPC.CA) sent a release to CASE confirming what was mentioned in one of the newspaper concerning increasing its ethylene production; the company added that it has contracted with an American company to prepare the project's engineering designs. From another perspective, the company said that its Q3 results are better in comparison with Q3 06 and it will send it to CASE
More About: News , Firms , Chem

El Swedy Cables establishes a new company
2007-11-05 22:58:00
El Swedy Cables sent a release to CASE; stating that the company established a new company called Pyramids Industrial Parks with LE 10 Million issued capital in partnership with Siac Company . The new entity will be working in the field of establishing and developing industrial zones

REGWA reports 3 months results
2007-11-05 22:51:00
REGWA (REGW.CA) reports 3 months results, recording a net profit of LE 859,000 for the period from 01/07/2007 to 30/09/2007, compared against a net profit of LE 1,110,000 for the same comparable period from 01/07/2006 to 30/09/2006
More About: Results , Months , Month , Mont

Alexandria Containers and Goods reports adjusted results
2007-11-05 22:50:00
Alexandria Containers and Goods (ALCN.CA) reports year ended 30/06/2007 adjusted results; posting a net profit of LE 153,539,324 for the period from 01/07/2006 to 30/06/2007; compared against a net profit of LE 140,138,593 for the same comparable period from 01/07/2005 to 30/06/2006.
More About: Results , Alexandria

Lecico Egypt reports 9 months consolidated results
2007-11-05 22:50:00
Lecico Egypt (LCSW.CA) reports 9 months consolidated results, recording a net profit before minority interest of LE 78,690,163 for the period from 01/01/2007 to 30/09/2007, compared against a net profit before minority interest of LE 61,315,804 for the same comparable period from 01/01/2006 to 30/09/2006.
More About: Results , Months , Month , Soli

Pachin calls for an AGM
2007-11-05 22:48:00
Paint & Chemicals Industries (Pachin) is calling for an AGM to be held on Sunday November 18th, 2007. The meeting is to endorse the company's financial statements for the fiscal year ended 30/06/2007, as well as the board's and the auditor's reports, and also discussing the suggested earnings' distribution of LE 3.25 per share.
More About: Calls

Gold bursts through $800 to 28-year high
2007-11-03 17:19:00
AgenciesPublished: November 02, 2007, 21:54 London: Gold pierced $800 per ounce for the first time since 1980 on Friday, ignited by surging oil prices, a record low dollar and a jittery economic backdrop due to further fallout from the global credit market crisis. Dealers said that the next big resistance level now lay at $850, a record hit in January 1980. By 1725 GMT, spot gold stood at $806.25
More About: High , Year

Getting rich the easy way
2007-11-03 17:17:00
Nabil Abdel-Ghaffar Special to the Gazette Local traders want something done about the bogus commodities which harm not only the real owners of the brand names, but also consumers.Trademarks are supposed to protect companies, but some unscrupulous traders steal them to help market their products. Atef el-Ashmouni, the Secretary-General of the Cairo Chamber of Commerce, says that trademarks are
More About: Rich , Easy , Easy Way

Gold regains strength
2007-11-03 17:17:00
LONDON (Reuters) - Gold bounced back yesterday towards 28-year highs with speculators and investors betting on strong oil prices and a weakening dollar.The metal, which has gained 25 per cent since the current rally started in mid-August, remained on track to breach the key technical level of $800 an ounce this year and move towards its all-time high of $850 next year, traders said.Spot gold rose

OCI Divests Egyptian Container Handling Company
2007-11-02 01:11:00
Orascom Construction Industries (“OCI”) announced that an agreement was signed with Dubai Ports World ("DPW") for the sale of its 50% stake in the Egyptian Container Handling Company ("ECHCO"). OCI will receive US$ 372 million for its stake in the company. ECHCO was established in 1998 to provide terminal handling and port management services. ECHCO is the controlling shareholder of the Sokhna