Egypt Unrest Drives OCI into $ 76.82 Mln Losses
Orascom Construction Industries (OCIC), which is listed in the Swiss stock Exchange, reported on Friday a full-year…
OT: International Arbitration Is to Save Djezzy
Orascom Telecom Company (OT) confirmed that it has all legislative options of solving the current dispute with…
Egyptian Insurgents tear down Wall during Protest
Egyptian protesters have brought down a security wall in central Cairo, constructed by the military rulers in…
Spanish Govt to EU: Spain to not need a Financial Bailout
Government announces $36bn in cuts and taxes intended to "stop Spain being a problem", a day after countrywide…
BLME Signs Murabaha Financing Agreement with Masthaven
Bank of London and The Middle East ("BLME"), the largest Islamic bank in Europe whose main shareholders are Boubyan…
Oil Price Rise Boosts Saudi Stock Exchange
Saudi shares opened higher on Saturday led by gains in petrochemical stocks after oil prices posted on Friday the…
Mubarak’s Medical Status Deteriorates
The health of Egypt’s ousted president Mohammed Hosni Mubarak has deteriorated significantly, Arab and Egyptian…
Samih Sawiris Loans ODH 75 Million Swiss Francs
Orascom Development Holding AG (ODHN), -the hotel and construction company- will get a direct loan of 75 million…
Tribal Clashes in Libya left 16 Dead
At least 16 people were killed on Saturday in new clashes between the Toubou people and Arab tribesmen in the…
World Islamic Finance Assets Reach $1.3 Trillion
Global Islamic financial assets rose 150% over five years registering $1.3 trillion in 2011, a report by UK Islamic…