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The Watch
Hermes Defines GB Auto’s FV At EGP 33.4, Recommends ‘Buy’
EFG-Hermes issued a report on GB Auto (AUTO.CA) upping its fair value by 55% to hit EGP 33.4. Hermes also…
NAM Members Contain 57% Of Global Oil Exports
The member states of Non-Aligned Movement (NAM) contain 57% of global oil exports. The oil exporting members of…
Mena Touristic Investment Narrows Net Losses To EGP 13.7 Mln; H1
Mena for Touristic and Real Estate Investment (MENA.CA) has managed to narrow its losses during the first half of…
Italian Egyptian Mixers Net Profit 20.2% Higher; H1
Italian Egyptian Mixers Co. – Grand (ITMX.CA) reported a net profit of EGP 109.6 thousand during the first half of…
Beltone Financial: Altree Beltone Capital Initial Capital Worth $50 K
Egypt’s largest asset manager Beltone Financial Holding (BTFH.CA) has announced Thursday that the initial capital…
UAE Non-Oil Growth Subdued At 3-4%
Non-oil growth in the UAE is likely to continue at a below-trend pace of 3-4 percent for the next couple of years,…
Oil, Gas Buck TASE Trend
The benchmark Tel Aviv-25 Index declined by 0.3% to 1,115.07 yesterday, while the broader Tel Aviv-100 Index shed…
Gold Futures Soar After Fed And China Data
Gold futures surged on Thursday in Asian trading hours, as investors keyed into easing hopes spurred by minutes…
Oil Adds To Gains After China Data
Benchmark U.S. crude-oil futures extended their recent gains during electronic trading Thursday after weak Chinese…
Don’t Bet On A High Oil Price Forever
A resolution to the Eurozone crisis continues to get "kicked" down the road, growth in China seems to be…