EFG-Hermes Plans Asset Sales As QInvest Deal Fails
EFG-Hermes Holding SAE (HRHO.CA), Egypt’s largest investment bank, said it will sell assets and cut costs after an…
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Hermes, QInvest Declare JV Agreement Expiration
EFG Hermes (HRHO.CA), the leading investment bank in the Arab world, and QInvest, Qatar’s leading investment bank,…
Egypt’s Orascom Construction Net Loss Hits $ 81.2 Mln In Q4/2012
OCI N.V.’s subsidiary, Orascom Construction Industries S.A.E. (OCIC.CA), announced on Tuesday its financial results…
Gold Gains On Hopes Of More Monetary Stimulus
Gold prices rose Wednesday in electronic trading, with investors anticipating a continuation of monetary stimulus…
OCI Says To Pay 1st Installment To Egypt Tax In Weeks
Orascom Construction Industries (OCIC.CA), announced on Tuesday that it will pay the Egyptian Tax Authority (ETA)…
Orascom Construction Reconciles With Egypt’s Tax, To Pay EGP 7.1 Bln
OCI N.V.’s subsidiary, Orascom Construction Industries (OCIC.CA), announced on Tuesday that it will pay the…
Iraq Offers 3-Month Credit for Egypt Oil Deal
OPEC member Iraq has agreed in principle to offer cash-strapped Egypt 4 million barrels of crude a month on a…
Dollar Loses More Steam Ahead Of Busy Week
The U.S. dollar fell further in Asian trading Monday, losing further steam in the wake of Friday’s…
Oil Adds To Losses Ahead Of Busy Week
Crude-oil futures fell in electronic trade Monday, extending their retreat sparked by Friday’s disappointing U.S.…
Gold Futures Rebound In Asia As Dollar Weakens
Gold futures rebounded in Asia on Monday to recover more than what they had lost Friday as the U.S. dollar’s…