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The Watch
Citadel Capital Appoints Khaled Abubakr as Executive Chairman &Pakinam Kafafi as CEO
Citadel Capital (CCAP.CA on the EGX) announced today two new senior management positions at TAQA Arabia, Egypt’s…
Egypt Pound Steadies Against US Dollar, Falls Against UK, Aussie Currencies
The US dollar’s price against the Egyptian pound has steadied on Sunday at EGP 6.798 (buy price) and EGP 6.8281…
Egypt’s Tax Authority Reconciles With OCI For EGP 7.1 Billion; Minister Says
The prolonged tax disputes between Orascom Construction Industries (OCIC.CA) and the Egyptian Tax Authority (ETA)…
Kuwaiti Dinar Hits Highest Level Against Egypt Pound: CBE
According to the Egyptian Central Bank's report on Sunday on Arab currencies' exchange rates, the Kuwaiti dinar…
Dollar Ups Against Egypt Pound In Week, Nears EGP 6.83
By the end of the last week trading, the US dollar has reached EGP 6.798 (buy price) and EGP 6.8281 (sell price),…
OCI Tax Debacle in Egypt Stokes Concern Over Who Might Be Next
Egypt’s decision to go after its biggest publicly traded company on a tax-evasion claim is deterring investors that…
OCI Says Still In Talks With Egypt Tax Authority; Trading Resumed
Orascom Construction Industries (OCIC.CA) stated that negotiations with Egyptian Tax Authority (ETA) are still…
Dollar Ups Against Egypt Pound, Euro Falls
The US dollar’s price against the Egyptian pound has put up on Wednesday to EGP 6.7938 (buy price) and EGP 6.8239…
Dollar Up After Cyprus Vote, Before FOMC Meet
The dollar gained in Asia trading hours on Wednesday, after the Cypriot parliament rejected a bailout proposal and…
Egypt Pound Steadies Against Dollar, Falls Against Euro, Saudi Riyal
The US dollar’s price against the Egyptian pound has steadied on Tuesday at EGP 6.7893 (buy price) and EGP 6.8194…