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Zawya
a day ago
- Business
- Zawya
Gold prices in Egypt records collective gains on Sunday
Arab Finance: The gold prices in Egypt collectively rose on Sunday after the 24-karat gold increased to EGP 5,165.75 per gram for buying and EGP 5,188.5 for selling, according to iSagha's data. The 22-karat gold price climbed to EGP 4,735.25 for purchasing and EGP 4,756.25 per gram for selling. Likewise, the 21-karat gold price rose to EGP 4,520 per gram for buying and EGP 4,540 for selling. The 18-karat gold price hit EGP 3,874.25 per gram for purchasing and EGP 3,891.5 for selling. The gold pound's price amounted to EGP 36,160 for buying and EGP 36,320 for selling. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Business
- Zawya
Egypt: Arabian Cement registers 305.5% higher consolidated profits in H1 2025
Arab Finance: Arabian Cement Company posted an annual leap of 305.54% in consolidated net profit after tax to EGP 1.405 billion during the first half (H1) of 2025, compared to EGP 346.575 million, according to the financial results. Sales increased to EGP 5.499 billion in H1 2025 from EGP 3.945 billion in H1 2024, while the earnings per share (EPS) climbed to EGP 3.69 from EGP 0.90. Non-consolidated net profits hiked to EGP 1.394 billion from EGP 339.891 million, whereas the net sales grew to EGP 5.445 billion from EGP 3.881 billion. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
4 days ago
- Business
- Zawya
Kuwait oil price up 30 cents to $68.98 pb
KUWAIT -- The price of Kuwaiti oil rose by 30 cents to US 68.98 per barrel (pb) in Thursday's trading, compared to USD 68.68 pb on Wednesday, announced Kuwait Petroleum Corporation (KPC) on Friday. Globally, price of Brent crude went up by USD 1.21 to USD 66.84 pb, and West Texas Intermediate crude rose by USD 1.31 to USD 63.96 pb. All KUNA right are reserved © 2025. Provided by SyndiGate Media Inc. (
Zawya
4 days ago
- Business
- Zawya
Egypt Gas sees 24.79% higher profits in H1 2025
Arab Finance: Egypt Gas posted 24.79% year-on-year (YoY) higher net profits at EGP 209.182 million in the first half (H1) of 2025, versus EGP 167.619 million, as per the financial indicators. The operating revenues increased to EGP 363 billion in H1 2025 from EGP 3.010 billion in H1 2024. Earnings per share after tax and before dividends jumped to EGP 1.45 at the end of June 2025 from EGP 1.16 a year earlier. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
4 days ago
- Business
- Zawya
Egypt: Emaar Misr logs $80mln consolidated profits in H1 2025
Arab Finance: The consolidated profits after tax attributable to the parent of Emaar Misr for Development fell by 48.80% to EGP 3.914 billion in the first half (H1) of 2025, the financials indicated. The reported profits were compared with EGP 7.646 billion in H1 2024. Basic and diluted earnings per share (EPS) dropped to EGP 0.67 at the end of June 2025 from EGP 1.64 a year earlier. Meanwhile, revenues climbed to EGP 9.290 billion from EGP 5.608 billion. Regarding the standalone business, the group recorded non-consolidated net profits after tax worth EGP 3.946 billion in the first six months of 2025, down from EGP 7.503 billion in H1 2024. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
