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Indices news
EFG-Hermes Receives Buyout Offer From Planet Consortium Group
A group of investors is considering a bid to acquire EFG-Hermes Holding (HRHO.CA) in a deal worth $1.2 billion,…
El Sewedy Electric Q1 Net Profit Falls 43.8%
Egypt's El Sewedy Electric (SWDY.CA) , the Arab world's biggest listed cable maker, on Wednesday reported a…
Hermes: Companies’ Ownership To be Transferred to Qatari Investor Worth EGP 700.5 million
EFG-Hermes Holding’s Board of Directors ratified the report presented by the Independent Financial Advisor (IFA),…
Burj Elarab Attracts EGP 80 Billion Investments By 2011
Working investment in Burj Al Arab Industrial Zone posted EGP 80 billion by the end of 2011, distributed on various…
Euro Nears Two-Year Low On Spain’sn Banks Concern
The euro fell to the lowest in almost two years against the dollar as the nation struggled to rescue its troubled…
Facebook Declines Below $29 As Options Trading Starts
Facebook Inc. (FB) shares fell to a new low, extending losses from the worst-performing large initial public…
United Arab Shipping Deficit Hits EGP 1.139 Mln In 2012
United Arab Shipping (UASG.CA) has posted deficit of EGP 1.139 million in April 2012, compared to a deficit of EGP…
OCI To Sell Gavilon Stake For $605 Mln
Egypt's Orascom Construction Industries (OCI) (OCIC.CA) said on Tuesday it would earn $605 million from the sale of…
Orascom Telecom Says Court Upholds Fine On Its Algeria Unit
Cairo-based Orascom Telecom Holding (OTH) (ORTE.CA) said on Monday that an Algerian court had confirmed fines…
Middle & West Delta Flour Mills Co. Hits Surplus of EGP 1.478 Mln In April
The Board of Directors of the Middle & West Delta Flour Mills Co. (WCDF.CA) has ratified the company’s business…
