Billionaire Sawiris Says Climate In Egypt Deters Investors
Egyptian billionaire Naguib Sawiris said a “police environment” in Egypt discourages investors, and vowed to return…
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OCI
EGX Surges 1.11%, Opens Above 5320Pts Backed By OCI Upcoming Meeting
The Egyptian Exchange has opened Thursday posting significant gains of EGP 2.46 billion backed by foreign buyers…
EGX 30 Ends Above 5260 Pts, EFG-Hermes Climbs 0.97% Amid CEO’s Remarks
The Egyptian Exchange (EGX) has pared its midday gains to eventually reach EGP 993 million during Wednesday’s…
OCI To Discuss Alleged Tax Claim With Egyptian Tax Authority By March 10
OCI N.V.’s subsidiary, Orascom Construction Industries (OCI) (OCIC.CA), announced today that it has received…
OCI Workers Stage Sit-In Against Arbitrary Actions Towards The Sawiris
Workers at Orascom Construction Industries (OCI.CA) have staged a sit-in on Wednesday morning outside the company’s…
Sawiris Travel Ban Further Drags EGX 30 Down Below 5245Pts; Closing
The Egyptian Exchange (EGX) has ended Tuesday’s session incurring substantial losses of EGP 5.2 billion driven by…
Egypt’s Tax Chief Says There Are Still Chance To Reopen Talks With OCI
The Egyptian Tax Authority Chief Mamdouh Omar asserted on Tuesday that there is still a strong possibility of…
Egypt Sets Limits On Share Transfers Of Local Stocks
Egypt has set limits on the amount of shares local companies can transfer into internationally-traded global…
EGX 30 Falls Below 5260Pts Amid Sawiris Travel Ban Repercussions; Midday
The Egyptian Exchange has incurred midday losses of EGP 4.9 billion on Tuesday driven by foreign selling pressures…
The Sawiris Travel Ban; Latest Blow To Business Confidence in Egypt
Egypt's bourse suffered its biggest one-day loss in three months on Monday after the chief executive of its largest…
