Egypt’s EGX to set up company for derivatives trading 2019-end
Egypt’s stock Exchange (EGX) seeks to establish a new company to handle clearing and settlement for a planned…
Browsing Tag
settlement
Egypt, Israel Electric Corp ink $500 mln settlement – EGAS
Egypt has signed a $500 million settlement with state-owned Israel Electric Corp over a defunct natural gas deal,…
Deutsche Bank reaches $220 million Libor settlement with U.S. states
Deutsche Bank has reached a $220 million settlement with 44 states and the District of Columbia who say the German…
Egypt invited to Astana talks on Syria as observer: source
Egypt has received an invitation to join the talks on Syria in Astana as an observer, an Egyptian source familiar…
Banque Misr reaches 1.1bn pounds settlement with Mubarak era figure
Banque Misr said Friday that it recently reached a settlement over the debt of businessman Ibrahim Kamel, worth a…
Netanyahu cancels meeting with German minister after dispute
Prime Minister Benjamin Netanyahu cancelled talks on Tuesday with German Foreign Minister Sigmar Gabriel after the…
Egypt Clearing House ‘ready’ to absorb demands of commodities exchange
Egypt’s Central Clearing, Depository, and Registry House (MCDR) is ready to handle the settlement process for the…
Israel cuts $6 million in U.N. funding over settlements resolution
Israel said on Friday it would cut $6 million in funding to the United Nations in 2017 in protest against a U.N.…
Asian shares in the red; Nikkei drops 1.2%
Asia markets were under pressure on Thursday, with Japan's Toshiba tumbling on credit downgrades while Takata…
Netanyahu seeks to rally Israelis around him in anti-Obama assault
Benjamin Netanyahu has been unrelenting in his criticism of the Obama administration over what he condemned as its…
Israel, angered by UN vote, summons ambassadors of Egypt and 9 states
Israel summoned on Sunday the ambassadors of 10 nations, including Egypt, to Jerusalem to reprimand them and had…
Israel to re-assess U.N. ties after settlement resolution: Netanyahu
Israel will re-assess its ties with the United Nations following the adoption by the Security Council of a…
Israel settlements: Netanyahu disdains ‘shameful’ UN vote
Israeli Prime Minister Benjamin Netanyahu says a UN call to end settlement activity on occupied land is "shameful".…
Defying pressure, U.S. lets U.N. denounce Israeli settlements
The United States on Friday allowed the U.N. Security Council to adopt a resolution demanding an end to Israeli…
U.N. council to vote Thursday on end Israeli settlement activities
The United Nations Security Council is due to vote on Thursday on a draft resolution that would demand that…
Israeli lawmakers advance revised bill to legalize settlements
Israel's parliament gave initial approval on Monday to a revised bill that would legalize Israeli settlement…
Steel giant ArcelorMittal reaches settlement agreement with Egypt
Egypt’s government has reached a settlement deal with the largest steel producer in the world, ArcelorMittal in…
Kuwaiti Bawabet Al Kuwait settles disputes with Egypt’s oil sector
Egyptian Oil Minister Tarek El Molla witnessed Monday signing a settlement agreement between Kuwait's Bawabet Al…
European stocks higher; Deutsche Bank, Brexit in focus
European stocks were higher in morning trade on Monday as markets eye developments on the Deutsche Bank settlement…
Asian markets higher; pound weakens as Brexit process kicks off
Asian markets were higher on Monday as investors mulled the possibility of a settlement between Deutsche Bank and…
Money paid to Egypt was ‘a donation, not financial settlement’: Hussein Salem
Egyptian business tycoon Hussein Salem's family argues that his payment of billions of pounds to the government in…
Russia fails to settle dispute with Google in Android case
Russia's state anti-monopoly watchdog FAS said on Tuesday it and Alphabet Inc's Google had failed to reach an…
Egypt’s Redcon to deliver $90mn-administrative building late August
Egypt-based Redcon Construction Company is set to complete works in its new administrative building dubbed as…
Maalem Group to deliver number of residential projects in 2017
Egypt-based construction company Maalem Group for real estate development is set to deliver number of residential…
Maalem Group to deliver number of residential projects in 2017
Egypt-based construction company Maalem Group for real estate development is set to deliver number of residential…
Egypt’s Reiada Real Estate establishes $3.3 mn-project in fifth settlement
Egypt-based Reiada Real Estate Company establishes property project in the fifth settlement (El-Tagamu El Khames)…
VW says U.S. ‘Dieselgate’ settlement not to be offered in Europe
Volkswagen's CEO has rejected calls for the carmaker to compensate customers in Europe over the 'Dieselgate'…
Egypt property firm Azmeel Group delivers 10 buildings worth $45 mln
Egypt-based real estate firm, Azmeel Group is set to deliver 10 buildings the Fifth Settlement (El-Tagamu El…
Uber drivers in New York form labor association
Uber drivers in New York state have formed an association to strengthen their hand in dealing with the ride-sharing…
Egypt’s Redcon in talks over establishing a $101mn new mall
Egypt-based Redcon Construction Company is negotiating with one of the real estate investments companies to develop…
Wells Fargo reaches $1.2 billion U.S. mortgage settlement
Wells Fargo & Co (WFC.N) has formally reached a $1.2 billion settlement to end a U.S. Department of Justice…
NBE reaches $32mn-debt settlement with gas firm
Egypt's National Bank of Egypt (NBE) has reached a debt settlement agreement with a gas company worth 250 million…
Egypt’s Agricultural Credit Bank reaches $35mn-settelments in 3 months
Egyptian Principal Bank for Development and Agricultural Credit (PBDAC) has reached settlements with 112,000…
NIB-Egypt eyes settling military production debts
The National Investment Bank (NIB) seeks to reach a debt settlement agreement worth 4.5 billion Egyptian pounds…
NBE settles $7million-debts of a Contracting Firm this Week
The National Bank of Egypt (NBE) reached a debt settlement with a contracting firm this week, Executive board…
Deutsche Bank Will Pay $2.5 Billion to Settle Rate-Rigging Case
Deutsche Bank has agreed to pay $2.5 billion in a settlement with U.S. and British authorities over the…
Iran, Powers Close in on Two-three Page Nuclear Deal; Success Uncertain: Officials
Iran and major powers are close to agreement on a 2- or 3-page accord with specific numbers that would form the…
Apple $450 Million E-Book Settlement Gets Final Court Approval
A U.S. judge on Friday gave final approval to Apple Inc's (AAPL.O) agreement to pay $450 million to resolve claims…
Telecom Egypt Reaches $12.5 mln Settlement With Tanker That Cut Cables
Telecom Egypt (ETEL.CA) today announced the signing of a settlement with El Swefy Law Firm, the legal…
In Wake Of Jpmorgan Settlement, Big Banks Add To Defense Funds
Several large U.S. banks have set aside extra money to pay for potential legal costs in part because of JPMorgan…