Dollar Heads North Against Euro And Yen
The U.S. dollar on Wednesday appreciated against major currencies, with the euro losing ground on caution ahead of…
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Indices News
EFG-Hermes Takeover By Qinvest Mired In Delays As Deadline Nears
The takeover of EFG-Hermes Holding SAE (HRHO.CA), Egypt’s biggest investment bank, by Qatar’s QInvest LLC is…
Gold Slips On Firm Dollar, China Demand Concern
Gold futures slipped a bit in electronic trading hours Tuesday, as signs of moderating demand from Chinese buyers…
Orascom Construction Denies Settlement With Egyptian Govt
Statements by Egypt's Finance Minister El-Morsi Hegazy and the Egyptian Tax Authority over negotiations with the…
Citadel Capital Appoints Khaled Abubakr as Executive Chairman &Pakinam Kafafi as CEO
Citadel Capital (CCAP.CA on the EGX) announced today two new senior management positions at TAQA Arabia, Egypt’s…
Egypt’s Tax Authority Reconciles With OCI For EGP 7.1 Billion; Minister Says
The prolonged tax disputes between Orascom Construction Industries (OCIC.CA) and the Egyptian Tax Authority (ETA)…
OCI Tax Debacle in Egypt Stokes Concern Over Who Might Be Next
Egypt’s decision to go after its biggest publicly traded company on a tax-evasion claim is deterring investors that…
OCI Says Still In Talks With Egypt Tax Authority; Trading Resumed
Orascom Construction Industries (OCIC.CA) stated that negotiations with Egyptian Tax Authority (ETA) are still…
Dollar Edges Higher Ahead Of Cyprus Vote
The dollar moved higher in Asia trading hours on Tuesday ahead of a slate of economic data, with concern lingering…
EFG-Hermes Says Officials’ Asset Freeze Decree Unlikely To Affect Its Businesses
EFG-Hermes Holding (HRHO.CA) said the Egyptian prosecutor general’s decree on freezing assets of its chief…