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The Watch
Oil Inches Lower Amid Saudi Minister Comments
Crude-oil futures moved lower during Asian trading hours Monday, with comments from Saudi Arabia’s oil minister and…
Telecom Egypt Q1 Net Profits Up 1.7%
Landline monopoly Telecom Egypt Co. (ETEL:CA) reported on Monday a 1.7 percent rise in net profit for the first…
Iran To Boost Annual Steel Output
Iranian President Mahmoud Ahmadinejad said his government plans to increase the country's annual steel production…
Turkey Boosts Iranian Oil Imports In March
Turkey has sharply increased its crude oil imports from Iran, dismissing the US-led oil embargo on the Islamic…
India Sets Forex Rules To Halt Slide In Rupee
India's central bank Thursday moved aggressively to halt a sharp slide in the rupee, imposing foreign-exchange…
QInvest To Pay EGP 360 Mln For EFG-Hermes Asset Management
Qatar’s QInvest will pay EFG-Hermes Holding (HRHO.CA) EGP 360 million ($60 million) for 60% of its stakes in Asset…
Gold Falls To 4-Month Low On Greece Unstability
Gold dropped to a four-month low on Wednesday, pressured by a weaker euro as investors fretted about the political…
Sukari Gold Mine Rises 9%, Centamin Gold Shares Up
Egypt-focused miner Centamin Plc (CEY.L) said quarterly production at its flagship Sukari gold mine rose 9 percent,…
Lecico Egypt’s Q1 Net Profits 2% Up
Egyptian ceramics maker Lecico Egypt (LCSW.CA) said on Tuesday it made a net profit of 12.7 million Egyptian pounds…
Hermes – QInvest Meeting in Dubai is Ordinary
Sources Close to EFG-Hermes informed Amwal Al Ghad that the company’s board of directors choice of Dubai to hold…