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The Watch
Gold Sinks 3%-Plus; Copper Hit After China Data
Gold futures sank another $50 plus on Monday, deepening their descent after entering bear-market territory last…
Orascom Construction Sees Tax Settlement Agreement This Week
Omar Derwaza - Head of Investor Relations at Orascom Construction Industries – announced that the ongoing…
Orascom Construction Offers US$350 Mln First Installment For Egypt Tax
Orascom Construction Industries (OCIC.CA) is offering to pay US$ 350 million as a first installment seeking to…
US Dollar Hits 10-Year High Against Egypt Pound In Week
The trading on the US dollar has ended last week reporting a 10-year high against the Egyptian pound to reach EGP…
Egypt Debts To Oil Firms Highlight Subsidies Struggle
Egypt owes at least $5 billion to oil companies, half of it overdue, corporate reports have revealed, in a…
US Dollar Soars To EGP 6.90, Yen Falls: NBE
On Thursday, the US dollar’s exchange rate against the Egyptian pound has surged to EGP 6.8711 for buying and EGP…
Oil Futures Slip, Ignoring Asia Stock Gains
Oil futures shrugged off solid gains for Asian stocks to trade lower in electronic action Thursday amid demand…
Citadel Capital Discusses Investment Challenges, Opportunities at Bloomberg Doha…
Citadel Capital Managing Director and veteran investment banker Marwan Elaraby participated in a panel discussion…
Dollar Soared Against Egypt Pound, Euro Ups 0.6%
On Wednesday, the exchange rate of the US dollar against the Egyptian pound has jumped to EGP 6.8603 for buying and…
IGA Is Delaying EFG Hermes-QInvest Deal; Sources
The Egyptian Illicit Gains Authority (IGA) has sent a notice to Egypt’s financial regulator (FSA) asking not to…