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The Watch
Gold Futures Extend Drop From $1,600
Gold futures fell Wednesday, continuing to retreat from the $1,600 level as a climb in the U.S. dollar highlighted…
Elsewedy Electric 2012 Profits Dip To EGP 145.9 Mln
Elsewedy Electric (SWDY.CA) reported financial results posting a net profit of EGP 145.9 million for the…
Orascom Development’s Egypt Market Exit Looming On Horizon
The leading global developer Orascom Development Holding AG (Orascom Development) (ODHN.CA) has been reducing its…
EFG-Hermes Suspends Its Coverage Of Orascom Telecom
EFG-Hermes Research announced that it suspended coverage of Orascom Telecom Holding (OTH))(ORTE). Hermes added that…
Ezz Steel Raises Prices For The Fifth Time In 4 Months
Ezz Steel (ESRS.CA) raised the price of steel Sunday to EGP 5,050 per ton from EGP 4,960 as a result of the…
Sarie Eldin: No Updates On OCI’s Tax File, DAMAC Awaits Final Agreement
Dr. Hani Sarie Eldin - the legal counsel for Orascom Construction Industries (OCIC.CA), has asserted…
US Dollar Ups Against Egypt Pound, Euro Falls 0.2%
The US dollar’s price against the Egyptian pound has put up on Thursday to EGP 6.803 (buy price) and EGP 6.8331…
Dollar Heads North Against Euro And Yen
The U.S. dollar on Wednesday appreciated against major currencies, with the euro losing ground on caution ahead of…
EFG-Hermes Takeover By Qinvest Mired In Delays As Deadline Nears
The takeover of EFG-Hermes Holding SAE (HRHO.CA), Egypt’s biggest investment bank, by Qatar’s QInvest LLC is…
Gold Slips On Firm Dollar, China Demand Concern
Gold futures slipped a bit in electronic trading hours Tuesday, as signs of moderating demand from Chinese buyers…