Business - Markets & Companies

Oil approaches two-week high on Ireland rescue

EU's Ireland rescue pushes oil past $84 on Monday

Faisal Islamic Bank creates Egypt-based company with LE350 million capital

New company has authorised capital of LE1.5 billion

Bad loans will be history for Banque Misr in 2011

Egypt's number two bank covers its bad loans ahead of an Egyptian-Syrian joint venture set for 2011

Rachid: Middle east duty-free shops 6.7% of global market

Middle East duty free sales comprise 6.7% of global market, making the region 4th worldwide, says Minister of Trade and Industry Rachid

Stock exchange drops 0.7% on election day

Unlike the turbulence of today's election process, trading was quiet and steady as the stock exchange dropped by 0.7%

Egypt's main stock index falls on election day

Egypt's EGX30 drops on news of marred elections

Fitch affirms Crédit Agricole Egypt’s long and short-term ratings

Crédit Agricole negative ratings affirmed, at AA and F1+

$4 billion loan for Saudi Aramco

Aramco signs five-year loan with credit facility. The facility includes 28 participating financial institutions and was nearly 250 percent oversubscribed

General Motors IPO, world's largest

Quick sweep of shares sends General Motors initial public offering(IPO) to a record $23.1 billion

Amer Group IPO oversubscribed 5.8 times

Individual investors show their interest in Egyptian real estate firm, Amer Group's, as the initial public offering (IPO) was oversubscribed 5.8 times

Fair evaluation of Djezzy expected soon

Analysts expect telecom operator Djezzy to receive fair pricing in $5-6 billion range

Petronas raised $4.1 billion in stock market

Malaysian state energy firm Petronas' market debut marks Southeast Asia's biggest ever initial public offering.

Algeria to choose advisor on Djezzy within days

10 bidders to advise the Ministry of Finance on Orascom Telecom Algeria purchase

Egypt Hydrocarbon Corporation granted syndicated loan of $270 million

Banque Misr, CIB and Ahly United bank offer $270 million for ammonia nitrate plant

France Telecom interested in the Iraqi Market

France's leading Telecom operator announced it is considering investments in Iraq as part of strategy to increase revenue

Orascom Construction Industries’ net profit rose by 22 per cent

With net profits of $147.6m, OCI announced a 22 per cent increase compared to last year's third quarter.

Amer group fixes its share at LE2.8 for institutions share holders

Institutions’ demand for Amer Group shares is three times the amount offered,as they covered by 305 per cent in the Group’s private placement.

OCI to build Palm Hills infrastructure

Egypt's Orascom Construction Industries (OCI) signed a deal with real estate developer Palm Hills. It will provide the developer with infrastructure and may undertake additional projects

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