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Indices news
Nokia Share Rallies On Takeover Talk
Nokia shares are trading higher Friday morning in a move that at least one report attributes to dubious rumors…
OT Sees Fine of $1.3 Bln Against Djezzy
Orascom Telecom Holding (OTH) (ORTE.CA) expects the issue of a $1.3 billion fine levied by authorities against its…
Orascom Construction Industries Gets $100 Mln World Bank Loan
Egypt's Orascom Construction Industries (OCI) (OCIC.CA) has secured a $100 million loan from the World Bank's…
Planet Says Sawiris Still Backs EFG-Hermes Buyout Deal
Egyptian billionaire Naguib Sawiris is still backing an attempted buy-out of investment bank EFG Hermes (HRHO.CA),…
Mona Zulficar: Planet Deal Is Not Serious … EFG-Hermes CEOs Are Innocent
Mona Zulficar, EFG-Hermes’ Board of Directors Chairperson, has asserted that Planet IB’s announcement of a buyout…
Sawiris To Drop Support For Planet Buyout: EFG-Hermes Source
Egyptian billionaire Naguib Sawiris will drop out of a buy-out consortium targeting investment bank EFG Hermes…
EFG-Hermes Says Q1 Net Profit 6.8% Down
EFG Hermes Group (HRHO.CA) released its consolidated financial results for the first quarter of 2012, reporting net…
Planet IB To Match Guarantees Ahead of Its Due Diligence Process
Planet IB is preparing to immediately begin due diligence on an offer to acquire 100% of EFG Hermes Holding SAE…
Khairat Al-Shater To Seize 87.3% Safir Hurghada Hotel
Reliable sources have told Amwal Al Ghad that the Egyptian tycoon Khairat Al-Shater, the former Muslim…
EFG-Hermes Says To Take Legal Steps Against Planet IB
Egypt's EFG Hermes (HRHO.CA) said on Monday it was taking "legal measures" to protect shareholders after a group of…
