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The Watch
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…
Dollar Pulls Higher As Euro Worries Return
The U.S. dollar marched higher in Asia Tuesday as political uncertainty in Spain and Italy rekindled fears about…
Dollar Falls To EGP6.73 Amid Expectations To Replace FX Auctions Mechanism: NBE
As Hisham Ramez has officially become the new Governor of Egyptian Central Bank, the U.S. dollar has dropped…
Gold Futures Edge Higher To Extend Gains
Gold futures ticked higher Monday, with some analysts suggesting that gold demand will improve ahead of the…
El Sewedy Says Business Goes Normally Unaffected By Workers’ Sit-in Outside High Court
El Sewedy Electric (SWDY.CA), the leading Wire & Cable and Integrated Energy Solution Provider in the Middle…
OTMT Extends Its Management Contract Of Alfa In Lebanon For One Month
Orascom Telecom Media and Technology Holding (OTMT.CA) has announced that it received on 31st of January 2013 an…
OCI N.V. Confirms 93.3% Of GDRs Holders Approve Exchange Offer After 2nd Close
OCI N.V. announced that as of the latest filings on 31 January 2013, shareholders, including the Sawiris family and…