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" Profit"

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World - War in Ukraine
6/13/2024 9:47:00 PM
G7 leaders agreed Thursday on a new $50 billion loan for Ukraine using profits from frozen Russian assets, support that was welcomed by President Volodymr Zelensky -- though he emphasised the need for more weapons.

Business - Economy
5/28/2024 10:49:56 PM
Egypt’s Minister of Finance Mohamed Maait said on Tuesday that there will be no increase in income tax rates or brackets, including the commercial and industrial profits tax.

Opinion -
5/21/2024 4:49:40 PM
PARIS/VANCOUVER – Today’s economic outlook is strangely contradictory. While global markets, led by technology and energy, have been ebullient over high short-term profits, the mood at the Spring Meetings of the World Bank and the International Monetary Fund last month was decidedly somber.

World - War in Ukraine
5/8/2024 9:42:26 PM
EU member states reached an agreement Wednesday on a plan to use billions of euros in profits from frozen Russian central bank assets to arm Ukraine and fund its post-war reconstruction.

Sports - World
4/2/2024 9:00:57 PM
Brighton posted a Premier League record £122.8 million ($155 million) profit after tax last season thanks to the club's best ever season on the pitch and a series of lucrative player sales.

Sports - World
3/21/2024 9:33:14 PM
Championship club Leicester have been referred to an independent commission by the Premier League for an alleged breach of profitability and sustainability rules during their last three seasons in the top-flight.

Egypt - Courts & Law
3/7/2024 8:02:25 PM
The Administrative Control Authority (ACA) has busted a gang of employees of the civil aviation sector for their involvement in illicit foreign currency trading, embezzlement, profiteering and abuse of public funds.

Business - Markets & Companies
3/5/2024 11:45:00 AM
The company's financial performance for 2023 reflected strong results, with sales reaching 2.24 billion Egyptian pounds, a 23% increase over the previous year. Operating profits amounted to 74 million pounds, marking a 157% increase over the previous year. These figures were disclosed through the financial statements announced for the fiscal year 2023 for GlaxoSmithKline Egypt.

Business - International
2/29/2024 6:36:25 PM
Europe's aviation industry is extending its bounceback from the Covid pandemic, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits Thursday.

Business - Economy
2/8/2024 9:34:16 PM
Shares in shipping giant Maersk dived on Thursday after it warned of an uncertain 2024 earnings outlook linked to an oversupply of container vessels and Israel's war on Gaza that has seen Yemen Houthis launch an offensive on Israel-linked ships in the Red Sea to pressure Israel to halt its war on the Palestinians.

World - War in Ukraine
1/30/2024 3:14:39 PM
European Union nations have decided to approve an outline deal that would keep in reserve the profits from hundreds of billions of dollars in Russian central bank assets that have been frozen in retaliation for Moscow's war in Ukraine, an EU official said.

Business - Economy
1/28/2024 5:15:47 PM
Egypt's recent gold market crisis could be attributed to a significant disparity between supply and demand, fueled by an overwhelming demand for profit, said Ihab Wassef, head of the Gold and Precious Ores Division at the Federation of Egyptian Industries.

Business - Economy
1/7/2024 12:55:21 PM
The Administrative Capital for Urban Development (ACUD), the operator of the New Administrative Capital (NAC), announced the addition of a fourth phase to the ongoing development plan, Chairman Khaled Abbas stated on Thursday.

Business - Economy
12/14/2023 9:03:07 PM
The Egyptian Exchange (EGX) indices suffered fluctuations throughout the week that ended on 14 December, as profit-taking increased on leading stocks.

Business - Economy
12/14/2023 7:49:52 PM
The annual conference organized by the International Air Transport Association (IATA) in Geneva, Switzerland, addressed the "Performance of the Global Aviation Sector in 2023," confirming the sector's resilience.

Business - Economy
12/10/2023 7:58:14 PM
The profits of global aerospace companies are expected to surge by 10 percent to $25.7 billion in 2024 from $23.3 billion in 2023, according to a report by the International Air Transport Association (IATA) published on Sunday.

Business - Markets & Companies
11/27/2023 5:26:10 PM
Egypt's Administrative Capital for Urban Development Company (ACUD) targets a projected profit of EGP 26 billion by the end of 2023, which surpasses the EGP 20 billion in profits achieved in 2022, Chairman Khaled Abbas said on Monday.

Business - Markets & Companies
11/16/2023 8:43:35 PM
The Egyptian Exchange (EGX) indices reached new historic levels during the week that ended on 16 November, as the financial reports season showed leading companies in the market achieving high profits.

Business - Markets & Companies
11/15/2023 1:56:26 PM
Telecom Egypt (TE) recorded a net profit of EGP 9.1 billion during the first nine months of 2023, up 48 percent from the corresponding period last year, the company said in a statement on Tuesday.

War on Gaza - War on Gaza
11/7/2023 11:16:47 AM
Energy giant Saudi Aramco on Tuesday posted a 23-percent year-on-year drop in profits for the third quarter, the result of lower oil prices and production cuts.

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