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The Watch
HADISOLB’s Losses Surge To EGP 311 Mln In 2012
Egyptian Iron & Steel Co. - HADISOLB - (IRON.CA) announced its financial results for the course of 2012…
Iowa Unaware Of Fraud Suit Against OCI – AP
State and local officials promised an Egyptian company $200 million in tax breaks to build a fertilizer plant in…
In Week: US Dollar Surges 0.3% Against Egyptian Pound, Euro Falls 1.4%
The exchange rate of the Egyptian currency continued to fall against the U.S. dollar during the previous week. Yet,…
OCI NV Seizes 98.8% Of OCI’s Shares Including Sawiris Family
As of the latest filings on 14 February 2013, OCI N.V. announced that the GDR holders holding a total of…
Egypt Pound Hits Record Low After Forex Auction
Egypt's pound weakened to a record low against the dollar in interbank trade after a foreign currency sale on…
3 Firms Await Egypt’s Parliament Return To Obtain Franchises; Official Says
Dr. Mosaad Hashim, the chairman of Egyptian Mineral Resources Authority (EMRA), asserted that there are 3 firms…
Gold Prices Struggle Near 6-Month Lows
Gold futures on Thursday struggled for direction after sliding to six-month lows in the previous session, with a…
Dollar Rises Vs Yen On Boj Gov Candidate’s Remark On Foreign-Bond Buying
The U.S. dollar inched higher in Asia trading hours on Thursday, gaining some traction against rivals ahead of a…
Oil Creeps Higher But Stuck In Range
Oil futures trended modestly higher in electronic trade Thursday, but remained locked within their recent range.…
Dollar Inches EGP 0.1 Higher On Central Bank’s 21st FX Auction
As Egypt’s Central Bank has offered its 21st FX auction, the U.S. dollar’s exchange rate for Wednesday rose to EGP…