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The Watch
Egypt’s Tax Authority: Either OCI Pays Tax Dues Or Considered Evasive
Egypt’s Tax Authority will be holding a meeting Sunday with Orascom Construction Industries – OCI (OCIC.CA) so as…
US Dollar Hits EGP 6.71 On Central Bank’s 12th Auction
The U.S. dollar’s exchange rate against the Egyptian pound has hit on Sunday EGP 6.62 (buy price) and EGP 6.7169…
Orascom Construction Sees Gates-Backed Deal Completed In 4 Weeks
Orascom Construction Industries (OCIC.CA) expects a transaction backed by Bill Gates for transferring the…
OCI’s Deal Does Not Represent Egyptian Market Exit; Says EFG-Hermes Official
Mona Zulficar, EFG Hermes’ Board of Directors Chairperson, has negated that Orascom Construction Industries…
OCI’s Stocks Surge 2.19% Backed By OCI NV’s Exchange Offer
Orascom Construction Industries – OCI (OCIC.CA)’s stock has climbed by 2.19% during Egyptian Exchange’s opening…
OCI N.V. Launches Exchange Offer For Orascom Construction’s GDRs
Orascom Construction Industries (OCIC.CA) said OCI N.V. announced on Sunday it has launched an exchange offer to…
Ahmed Heikal: Triple Combo Will be Key to Accelerating Economic Growth
Amidst the many challenges that Egypt currently faces, the ‘triple combo’ of Development Finance Institutions,…
US Dollar Inches EGP 0.33 Higher Since CBE’s FX Auctions Launched
The exchange rate of the U.S. dollar has closed at EGP 6.63 (buy price) and EGP 6.70 (sell price) against the…
Oil Holds Above $95, Up More Than 2% On Week
Crude-oil futures held their ground above $95 a barrel Friday to gain more than 2% for the week as the…
Dollar Gains For The Week After China Data
The U.S. dollar rose against most major currencies on Friday to a weekly gain, with markets offering a surprisingly…