Business - Markets & Companies

Egyptian blue chips drag main index down 1.64%

The mid-week session ended on a negative note, following European and American markets

Egypt's SODIC studying LE1 billion bond issue

Egyptian real estate firm trying to fund work on its main projects through possible LE1 billion bond

Kuwait to reduce Asian crude oil supply

Kuwait has announced its intentions to reduce crude oil supplies to Asia in the first quarter of 2011

43% growth in "Hermes" profits during past 9 months

EFG-Hermes Holding Company releases net profit of 668.4 million pounds during first three quarters in 2010, a 43 per cent increase

British Airways, Iberia shareholders back $8 billion merger

British airways and Iberia will become International Airlines Group when the merger is completed January

Egypt's Citadel Capital looks for improvement in holdings

3Q losses force $4 billion private equity firm to review management strategies.

Egypt's main index rebounds by 0.4%

After election day drop, EGX 30 gains a slight 0.4%, closing at 6816.29 points

Maridive wins $150 million contract in India

The marine and petroleum services firm announced new $117 million contract

Amer Group shares debut in bourse on Tuesday

Investors are expected to sweep up shares of Amer Group when trading begins Tuesday

SABIC to take Indian duty dispute to WTO

Indian charges on Saudi polypropylene exports will not affect the company's sales, CEO says

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

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