Dollar Rises From Seven-Week Low, Aussie Dollar Rallies
The dollar rebounded on Friday from a seven-week low against major currencies as investors believed the selloff was…
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Indices News
Orascom Construction Incurs EGP6.2 Loss in 2012 Rattled by EGP7 bln Tax Row
Orascom Construction Industries S.A.E. (OCI S.A.E.) (OCIC.CA) reported consolidated financial results posting a net…
Oil Prices Dip Before Inventory Report
U.S. crude-oil futures slipped Tuesday, facing a second day of losses, ahead of a report about weekly U.S. crude…
Gold Losses Extend In Fifth Straight Decline
Gold futures fell Tuesday, extending their longest run of declines in three months, as investors wrestled with…
CI Capital Investment Banking Concludes $ 7.3 bln OCI N.V. Transaction
CI Capital Investment Banking, a division of premier Egyptian investment bank CI Capital, announced today the…
MSCI, FTSE Announce Index Changes for OCI N.V. to Reflect Tender Offer Results
OCI N.V. announced today that it has been classified in MSCI and FTSE indices to reflect the buyout of Orascom…
OCI NV Buys 31.31% Of Orascom Construction For EGP 4 Bln
OCI NV, the Dutch-listed parent of Egypt’s Orascom Construction Industries (OCIC.CA), has bought 31.31%, or…
EFG-Hermes Sells Property in Giza At EGP 38 mln
EFG-Hermes (HRHO.CA) announced on Tuesday that it sold on of its properties in Giza area at EGP 38 million. The…
Egypt Bourse Chief Confirms Orascom Construction’s EGX30 Exit
Egyptian bourse head Atef Yassin has confirmed the anticipated exit of Egypt's largest-listed company, Orascom…
Dollar Rises Ahead Of Fed Meet; Yen, Aussie Fall
The U.S. dollar edged higher against major rivals, including moving off its one-month low against the Japanese yen,…