EGX 30 Ends Above 5235 Pts, Market Awaits IMF Accord, OCI Tax Clues
The Egyptian Exchange (EGX) has pared its midday gains driven by the foreign selling pressures. The EGX has gains…
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OCI Says Reaches ‘Advanced Stage’ In Talks With Egypt Tax
Orascom Construction Industries (OCIC.CA) announced that it has reached an advanced stage with Egyptian Tax…
EGX 30 Crosses 5300 Level Amid OCI Tax Settlement Optimisms; Closing
The Egyptian Exchange (EGX) has ended Sunday’s session posting gains of EGP 3 billion powered by investors’…
Orascom Construction Sees Tax Settlement Agreement This Week
Omar Derwaza - Head of Investor Relations at Orascom Construction Industries – announced that the ongoing…
Orascom Construction Offers US$350 Mln First Installment For Egypt Tax
Orascom Construction Industries (OCIC.CA) is offering to pay US$ 350 million as a first installment seeking to…
Sarie Eldin: No Updates On OCI’s Tax File, DAMAC Awaits Final Agreement
Dr. Hani Sarie Eldin - the legal counsel for Orascom Construction Industries (OCIC.CA), has asserted…
EGX 30 Inches Up 0.33% In IMF Talks Week
In a week which witnessed another round of talks over the US$4.8 billion loan between the Egyptian government and…
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…
EGX Suspends Trading On OCI, Awaits Tax Negotiations Updates
The Egyptian Exchange’s management has decided to suspend the trading on the stocks of Orascom Construction…
