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The Watch
Iran Rial Sinks On Sanctions, Down 80% In Past Year
The Iranian rial was in freefall again Tuesday, with a wide variety of rates being quoted on the beleaguered…
US Says Drop In Iran’s Currency Reflects Global Pressure
A precipitous drop in Iran's currency, the rial, reflects relentless international pressure on the country over its…
Golden Sachs Downgrades Citadel Capital’s Stock To ‘Sell’
Golden Sachs downgraded, in a recent study, Citadel Capital’s stock (CCAP.CA) from ‘Neutral’ to ‘Sell’. Golden…
Juhayna: Safwan Thabet Increases Stakes To 9.03%
Juhayna Food Industries - (JUFO.CA) announced that the CEO Safwan Thabet has increased his stakes in the company to…
Egypt’s Citadel Capital Eyes Uganda’s Oil Refinery Project
Egypt’s investment bank Citadel Capital (CCAP.CA) intends to inject $2.5 billion in a projected oil refinery in…
Suez Cement Announces EGP 1/Share Cash Dividend
Suez Cement Co. (SUCE.CA) said it will distribute Coupon No. (27) of EGP 1 per share payable on…
Iran Rial Plunges 7% To New Record Low
The Iranian rial plunged more than 7% in open-market trade on Monday to a new all-time low of about 32,000 per US…
Beltone Reshuffles Board Amid El Helw’s Resignation
Beltone Financial (BTFH.CA) has approved Mahmoud El Helw’s resignation from its board of directors membership.…
Crude Oil Under Pressure As Global Data Weigh
More signs of a weakening global economy weighed on crude-oil prices on Monday, kicking off a weak start to the…
EFG-Hermes Recommends “Sell” For Madinet Nasr Housing’s Stock
EFG-Hermes issued a report on Madinet Nasr Housing and Development (MNHD.CA), defining the stock’s fair value at…