Guides & Analytics
EFG-Hermes Rebounds; LSE Midday
Egypt's Global Depositary Receipts (GDRs) listed in the EGX witnessed on Wednesday an unsteady performance during London Stock Exchange (LSE)’s midday trading…
KSA’s Net foreign Assets Reach $600bln
Saudi Arabia’s net foreign assets stood at around $494 billion at the end of 2010 and strong oil prices are expected to have boosted the assets to nearly $600…
IDBE Sells Real Estate Assets With EGP 5 Bln
Industrial Development and Workers Bank of Egypt (IDBE) said real estate assets portfolio that was transferred to the Bank after debt settlement deals retreated by…
Qtel and Batelco Sign MoU to Expand Cooperation
Qtel and Batelco have signed a memorandum of understanding aimed at expanding cooperation in areas that cover products and services. The agreement complements the…
Iraq West Qurna 2 Seen at 500.000 bdp in 2014: Oil Minister
Production at Iraq’s West Qurna Phase-2 oilfield is expected to hit 500,000 barrels per day (bpd) in 2014, Iraq’s oil minister said on Wednesday, after drilling of…
Egypt Gas Halt to Israel not Only Due to Payments
The decision to halt Egyptian natural gas exports to Israel was not due simply to commercial differences, international shareholders in the consortium involved said…
DFM Dips 0.59%, NBD Dives
The Dubai Dubai Financial Market (DFM) fell 0.59% Wednesday, closing at 1,660.26, as Emaar (off 0.61% at Dhs3.28 or $ 0.89) and Tamweel (down 1.56% at Dhs1.26 or…
ERC Concludes Negotiations Over US$ 300 Mln Letters Of Credit Next Week
Egyptian Refining Company (ERC), subsidiary of Citadel Capital Company, will conclude the negotiations by next week with seven banks over acquiring letters of credit…