Business
-
Energy
3/10/2023 3:34:43 PM
Total pay for BP's CEO more than doubled to $12 million last year, the energy giant said Friday, as soaring energy costs allowed oil and gas companies to rake in record profits while squeezing households and small businesses.
|
Business
-
Markets & Companies
2/7/2023 10:38:55 AM
British energy company BP reported record annual earnings on Tuesday amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia's invasion of Ukraine.
|
World
-
International
1/16/2023 9:46:08 AM
Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said Monday as the World Economic Forum's annual meeting gets underway.
|
World
-
War in Ukraine
12/5/2022 9:57:10 PM
Major Western measures to limit Russia's oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that has held up better than many expected under sanctions.
|
COP27
-
Sharm El-Sheikh
11/10/2022 5:14:21 PM
Fossil fuel lobbyists have flooded UN climate talks in Egypt, a report by watchdog groups said Thursday, even as calls grow at the summit for a windfall tax on oil majors' bumper profits.
|
Sports
-
World
11/7/2022 11:56:32 AM
Manchester City reported record revenues and profits for the club in its latest financial statement released on Monday, saying ``beautiful football'' was the main reason for its success.
|
Business
-
Energy
10/31/2022 11:01:20 PM
US President Joe Biden plans to seek tax penalties for oil companies unless they invest their record profits in lowering household costs and ramping up production, a White House official said Monday.
|
Business
-
Markets & Companies
10/28/2022 5:46:57 PM
Wall Street is rallying Friday, led by Apple, Exxon Mobil and other companies that made even bigger profits during the summer than expected.
|
World
-
International
9/23/2022 4:05:33 PM
The U.N. food chief warned Thursday that the world is facing ``a perfect storm on top of a perfect storm'' and urged donors, particularly Gulf nations and billionaires, to give a few days of profits to tackle a crisis with the fertilizer supply right now and prevent widespread food shortages next year.
|
War in Ukraine
-
Economy
9/4/2022 2:16:33 PM
The German government on Sunday unveiled a new multi-billion euro plan to help housesholds cope with soaring prices, and said it was eyeing windfall profits from energy companies to help fund the relief.
|
War in Ukraine
-
Economy
9/2/2022 3:57:31 PM
G7 industrialised powers on Friday said they would "urgently" move towards the implementation of a price cap on Russian oil imports, in order to stop Moscow from raking in huge profits from soaring energy prices.
|
Egypt
-
Courts & Law
9/1/2022 3:24:41 PM
Egypt’s Ministry of Interior announced on Wednesday it arrested four people accused of setting up an unlicensed wireless TV broadcasting station to air pirated and unauthorised content covering the governorates of Cairo, Giza and Qalioubiya with the aim of making financial profits.
|
Business
-
Markets & Companies
8/14/2022 4:49:00 PM
Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.
|
War in Ukraine
-
Economy
8/4/2022 1:17:14 PM
Mining and commodities trading group Glencore posted on Thursday a ninefold increase in profit in a first half of the year, fuelled by soaring prices of oil, gas and coal.
|
World
-
International
2/13/2022 11:49:41 AM
Soaring energy prices have brought massive profits to oil majors, along with fierce criticism from environmentalists and politicians at a time when consumers are left with rising bills.
|
World
-
International
7/15/2021 8:44:57 PM
'The message to Beijing and any international company that profits from forced labor in Xinjiang is clear: no more,' Republican Senator Marco Rubio said in a statement
|
Al-Ahram Weekly
-
Economy
2/16/2021 9:25:29 PM
A partial recovery is expected in the real-estate sector this year, helped by a substantial drop in interest rates
|
Business
-
Economy
1/25/2021 1:22:10 PM
The company’s total losses in FY2019/2020 recorded EGP 994 million, compared to FY2018/2019’s EGP 571 million in profits, according to the company’s financial statements released in December.
|
Al-Ahram Weekly
-
Economy
1/21/2021 2:26:00 PM
The decision by the Central Bank of Egypt to ban the banks from distributing profits will have little effect on stock values
|
Business
-
Markets & Companies
11/16/2020 1:25:38 PM
The company’s financial results for the third quarter of 2020 showed that its net sales revenues decreased to EGP 826 million, down from EGP 979 million in the previous year
|