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The Watch
OCI Denies Offering EGP14 Bln To End Tax Dispute As Talks Still Ongoing
Orascom Construction Industries - OCI - (OCIC.CA) denied allegations that the company offered to pay EGP 14 billion…
Oil Halts Advance Ahead Of Inventory Data
Benchmark crude-oil futures retreated modestly in electronic trade early Wednesday, paring their gains ahead of key…
Gold Futures Slip From One-Month Highs
Gold futures slipped marginally on Wednesday, moving off highs reached in the previous session, ahead of a vote to…
Euro Flat But May Soon Fall; Dollar Holds Steady
Major currencies stood their ground in early Wednesday trading, but with some analysts tipping upside for the…
OCI’s GDRs Offer To Hasten Demerger Process, Beneficial To Egypt Economy; Naeem
Naeem stated, in a recent report that, it sees Orascom Construction Industries (OCI)’s (OCIC.CA) move to…
Oil Futures Drop From Four-Month High
Crude-oil futures retreated from a four-month high as euro-zone finance ministers readied to meet in Brussels…
U.S. Dollar Firm As Yen Bounces Back
The U.S. dollar held steady Monday against most major currencies and the yen rebounded from a two-year low as the…
Citadel’ TAQA Begins Electrical Substation Opts To Serve Tourist Demand In Sinai
TAQA Power, a leading private-sector power developer, has begun operations at its 120 MVA substation in Nabq. The…
Nassif Sawiris: Domestic Disputes Not Behind OCI’s Share Exchange Offer
Nassef Sawiris, Chairman of Orascom Construction Industries (OCIC.CA), stated that the offer submitted by his…
Orascom Telecom’s Expansions Likely To Boost EGX; Says Expert
Orascom Telecom Holding (ORTE.CA)’s expansion in Canada through a deal with Wind Mobile Canada will likely boost…