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The Watch
CI Capital Investment Banking Concludes $ 7.3 bln OCI N.V. Transaction
CI Capital Investment Banking, a division of premier Egyptian investment bank CI Capital, announced today the…
Egypt’s Pound Strengthens at CBE’s Sale, Dollar’s Buy Price Below EGP7
The Egyptian pound strengthened at the central bank sale of foreign exchange on Thursday as the US dollar’s price…
Euro, Pound Fall Vs Dollar As ECB, BoE Set to Keep Easy Policy
The euro and sterling fell against the dollar on Thursday as investors sold them before European Central Bank and…
Aussie Touches 3-Year Low as RBA Bets Outweigh China PMI Gain
Australia’s dollar touched the lowest in almost three years as bets the Reserve Bank will cut interest rates…
MSCI, FTSE Announce Index Changes for OCI N.V. to Reflect Tender Offer Results
OCI N.V. announced today that it has been classified in MSCI and FTSE indices to reflect the buyout of Orascom…
OCI NV Buys 31.31% Of Orascom Construction For EGP 4 Bln
OCI NV, the Dutch-listed parent of Egypt’s Orascom Construction Industries (OCIC.CA), has bought 31.31%, or…
EFG-Hermes Sells Property in Giza At EGP 38 mln
EFG-Hermes (HRHO.CA) announced on Tuesday that it sold on of its properties in Giza area at EGP 38 million. The…
Egypt Bourse Chief Confirms Orascom Construction’s EGX30 Exit
Egyptian bourse head Atef Yassin has confirmed the anticipated exit of Egypt's largest-listed company, Orascom…
Dollar Rises Ahead Of Fed Meet; Yen, Aussie Fall
The U.S. dollar edged higher against major rivals, including moving off its one-month low against the Japanese yen,…
OCI N.V. Successfully Acquires 97.44% of Egypt’s Orascom Construction
OCI N.V. announced on Sunday that as of the closing filings on 28 July 2013, OCI N.V. expects to own 97.44% of…