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The Watch
Euro Hits Highest In Month; $1.27
The euro extended gains against the dollar on Tuesday, touching $1.27 as U.S. shares gained and analysts expected…
GB Auto Sees 20-30% Sales Rise In 2012
GB Auto (AUTO.CA) announced that it expects a rise ranging between 20% and 30 % in its sales during FY 2012,…
OT Resumes Arbitration Procedures against Algerian government in 2 Months
Orascom Telecom Holding (OTH) (ORTE.CA) says it will be completing procedures necessary to submit a formal notice…
Crude Oil Pares Losses On Europe Market Gains
Crude-oil prices eased in electronic trading Tuesday, but pared earlier losses as the Spanish government managed to…
EFG-Hermes Raises $462 Mln For Citadel Capital’s ERC Finance
In One of Arab World’s Largest Equity Raisings Since Start of 2011, EFG Hermes Investment Banking (HRHO.CA)…
Gold Retreats Amid Greek Election Results
Gold futures retreated Monday as a Greek election victory for pro-euro politicians dampened demand for the metal as…
EMRA, NBE & SFD To Finance ‘1000 Mines’ Project
The Egyptian Mineral Resources Authority (EMRA) is considering signing contracts with the National Bank of Egypt…
War Of Statements Erupts, Planet Seeks Further Details Of QInvest Deal
Planet IB Consortium has unofficially asked EFG-Hermes Holding (HRHO.CA) to submit a detailed letter regarding…
New Unit To Boost Iran Gasoline Production: Official
Iran’s deputy oil minister says the inauguration of a new gasoline production unit at the Abadan oil refinery will…
Japan Lower House Passes Law to Insure Iran Oil
The lower house of Japan's parliament which is mostly comprised of opposition lawmakers passed the bill on Friday…