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The Watch
Egyptian Pound Falls To Eight-Year Low After S&P Rating Cut
Currency loses 0.1% to 6.1785 at 12:03pm in Cairo, heading for lowest close since Dec. 2008, according to prices…
Hermes: Moving Abu Dhabi Branch To Dubai ‘Administrative’, Committed To UAE Market
EFG-Hermes Holding Company - (HRHO.CA) announced that it moved its Abu Dhabi operations to its headquarter in…
EFG-Hermes To Shut UAE Branch, Downsize More Employees
Reliable sources from EFG-Hermes the investment bank will be shutting down its brokerage firm in Abu Dhabi by…
Egypt supermarkets seen target for Dubai investor MAF
Dubai's Majid Al Futtaim (MAF), is in talks with Egypt's Mansour Group, owned by billionaire Mohammed Mansour, to…
Oil Adds To Losses As Fiscal Cliff Nears
Benchmark U.S. oil futures on Monday slightly extended their losses in electronic trade but with markets quiet…
Get To Know Egypt’s Potential CBE Governor; Hisham Ramez
On December 22nd, the Egyptian president Mohamed Morsi has met with CIB's Managing Director Hisham Ramez. News were…
Citadel Capital’s Q3 Total Investments Under Control Hit $9.5 Bln
Citadel Capital (CCAP.CA), the leading private equity firm in the Middle East and Africa, announced Sunday its…
OCI Says Receiving Dues Paid On Stream Boilers Takeover Is ‘Must’
Orascom Construction Industries - OCI - (OCIC.CA) confirmed on Wednesday its full readiness for cooperation with…
Gold Retakes Some Losses, Stays Below $1,700
Gold futures climbed to edge off near three-month lows on Wednesday, but the precious metal remained well below the…
El Sewedy, Arab Contractors JV To Build $169 Mln Iraqi Power Plant
El Sewedy Electric (SWDY.CA), the leading Wire & Cable and Integrated Energy Solution Provider in the Middle…