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Orascom Telecom Says Court Upholds Fine On Its Algeria Unit
Cairo-based Orascom Telecom Holding (OTH) (ORTE.CA) said on Monday that an Algerian court had confirmed fines…
Middle & West Delta Flour Mills Co. Hits Surplus of EGP 1.478 Mln In April
The Board of Directors of the Middle & West Delta Flour Mills Co. (WCDF.CA) has ratified the company’s business…
France Telecom Acquires 94% Of Mobinil: EGX
France Telecom (FTE) acquired 94 percent of Egyptian Company for Mobile Services (Mobinil) - (EMOB.CA) for EGP 19…
ASEC Approves FY11 Financial Statements, No Dividends
The Annual General Meeting (AGM) of ASEC Company for Mining (ASCM.CA) has endorsed the Board of Directors as…
Yen Climbs Against Dollar Amid BOJ Inaction
The Japanese yen strengthened against the dollar on Wednesday after the Bank of Japan failed to unveil any new…
Norway’s Statoil Accepts Bid For Statoil Fuel & Retail
Norwegian oil and gas major Statoil ASA STO -1.06% said Wednesday that following the pre-acceptance of the cash…
Facebook Share Sinks 11 %
Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters,…
Iranian Crude Passing Through Suez Canal Dropped
The number of Iranian crude vessels pasing through Egypt's Suez Canal has dropped this year as Western sanctions…
Amer Group Submits a Disclosure Form On Capital Reduction: EFSA
The Egyptian Financial Supervisory Authority (EFSA) announced that Amer Group Holding (AMER.CA) placed a disclosure…
Egypt Buys 1.1 Mln Tonnes of Local Wheat: Official
Egypt has bought 1.1 million tonnes of local wheat so far in the 2011/2012 season despite diesel shortages that…