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HDB Approves EGP 1.25/Share Cash Dividends
Housing & Development Bank – HDB (HDBK.CA) decided to distribute cash dividends no. (31) of EGP 1.25 per share…
Telecom Italia In talks To Sell Internet Unit To Sawiris
Telecom Italia SpA (TIT), the largest Italian telecommunications company, is in talks to sell its Matrix SpA…
Libya’s Agoco Cuts Oil Output Over Protests
Libya's Arabian Gulf Oil Company (Agoco) has cut oil production by another 10,000 barrels per day (bpd)…
Iran Purchases 60.000 Tons Of Australian Wheat
European traders say Iran has bought around 60,000 tons of Australian wheat irrespective of Washington’s tough…
Iran To Increase Forouzan Oilfield Output By 10%
National Iranian Offshore Oil Company (NIOOC) plans to increase production at the Forouzan Oilfield by 10 percent…
EFG-Hermes Signs Deal To Form Investment Bank With Qinvest
Egypt's EFG-Hermes (HRHO.CA) said on Friday it had sealed an agreement first announced in March to form a…
China’s Yuan Reforms Promising: US Geither
U.S. Treasury Secretary Timothy Geithner told Chinese President Hu Jintao on Friday that China's moves toward a…
Orascom Telecom To Receive $2.5 Bln Loan From Vimpelcom
Egypt's Orascom Telecom (ORTE.CA) said on Thursday it would receive a $2.5 billion loan from its majority…
Iraq Crude Exports Hit 2-Decade Record In April
Iraq’s Oil Ministry spokesman Assem Jihad says the country has boosted its crude exports in April to an average of…
EGPC’s Shake-Up In Egypt Subsidies On Petroleum Products
The Egyptian General Petroleum Corporation (EGPC) has made proposals to help the government cut LE35 billion ($5.8…