Browsing Category
The Watch
Dollar Rises To EGP 6.78; While Euro Downs To EGP 8.977
The US dollar’s price rose on Wednesday against the Egyptian pound to EGP 6.7504 (buy price) and EGP 6.7805 (sell…
OCI To Discuss Alleged Tax Claim With Egyptian Tax Authority By March 10
OCI N.V.’s subsidiary, Orascom Construction Industries (OCI) (OCIC.CA), announced today that it has received…
OCI Workers Stage Sit-In Against Arbitrary Actions Towards The Sawiris
Workers at Orascom Construction Industries (OCI.CA) have staged a sit-in on Wednesday morning outside the company’s…
Egypt Pound Forwards Advance As Foreign Reserves Beat Estimates
Egyptian pound forwards strengthened for a second day after the country’s foreign currency reserves dropped less…
Orascom Telecom Q4/12 Net Loss Hits US$474 Mln
Orascom Telecom Holding S.A.E. (‘OTH’, or ‘the Group’) (ORTE.CA), a leading provider of mobile telecommunications…
Egypt’s Tax Chief Says There Are Still Chance To Reopen Talks With OCI
The Egyptian Tax Authority Chief Mamdouh Omar asserted on Tuesday that there is still a strong possibility of…
The Sawiris Travel Ban; Latest Blow To Business Confidence in Egypt
Egypt's bourse suffered its biggest one-day loss in three months on Monday after the chief executive of its largest…
U.S. Dollar Slips As Aussie Climbs On RBA’s Pause
The U.S. dollar fell against the euro Tuesday as investor appetite for risky assets improved, with the Australian…
Egypt Tax Authority Chief Says OCI Negotiations Reached Deadlock
The negotiations between the Egyptian Tax Authority and Orascom Construction Industries (OCIC.CA) over the EGP 4.7…
Egypt’s Central Bank Offers Its 29th FX Auction, Dollar Rises To EGP 6.73
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Monday at its FX auction launched last…