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Dollar Remains With Change At EGP 6.74 On Not Offering FX Auctions
As Egypt’s Central Bank has not offered its 20th FX auction, the exchange rate of the U.S. dollar has remained with…
OCI NV Confirms Acceptances Of 97.2 % Of GDRs Holders To Exchange Offer
OCI N.V. announced that shareholders, including the Sawiris family and Abraaj Capital, holding a total of…
EFG-Hermes Says Still Completing Documents For Official Approvals On QInvest Deal
EFG-Hermes Holding (HRHO.CA), Egypt’s biggest investment bank, asserted that it is still completing the necessary…
Euro Eases Versus Dollar, Yen Before ECB Meet
The euro eased ahead of the European Central Bank’s monetary policy meeting later on Thursday, with investors…
Gold Futures Inch Higher Ahead Of ECB
Gold futures inched higher in Asia trading hours on Thursday, extending an advance made from the previous session,…
Dollar Ups To EGP 6.74 On Central Bank’s 18th FX Auction
As Egypt’s Central Bank has offered its 18th FX auction and the second since the new governor hold office, the…
EFG-Hermes Downgrades USD-EGP Forecasts To EGP 7.75 By June
In a report issued on Wednesday, EFG-Hermes (HRHO.CA) has downgraded its forecast for the official USD-EGP exchange…
Yen Slides Toward Three-Year Lows Vs. Dollar, Euro
The yen raced toward three-year lows against the U.S. dollar on Wednesday as expectations that Japan will pursue…
Talks Between Egypt’s Transport Ministry, Mashreq Still Ongoing; Citadel Says
Citadel Capital (CCAP.CA), Egypt’s biggest publicly traded private-equity firm, has asserted the negotiations are…
Egypt’s Mobinil Denies News On Investing EGP 2.5 Bln In 2013
The Egyptian Company for Mobile Services (Mobinil) (EMOB.CA) has denied news about planning to inject fresh…