The Egyptian Stock Exchange rose notably on Sunday, with foreign investors tending to buy amid a wave of selling by Egyptian and Arab investors.
The EGX 30 index rose by 1.57 percent, gaining 100 points, to close out at 6519. The price index, (...)
In reaction to Greece's unfolding financial crisis, the Egyptian stock market's EGX index plummeted by 5 percent on Sunday in the largest single-day drop in two years. The index lost a total of 360 points to close out the day at 6756.
The price (...)
Egypt's stock exchange passed the 7500-point mark for the first time in 19 months on Monday, with foreign and Arab investors continuing to buy as their Egyptian counterparts continued selling.
The EGX 30 index went up by 0.9 percent--67 points--to (...)
Members of the board of mobile phone company MobiNil will convene on Wednesday to discuss an offer by France Telecom (FT) to acquire the 51-percent majority stake in MobiNil currently held by Orascom Holding. The board will also discuss a recent (...)
Orascom Telecom plans to file a lawsuit against a resolution by the Financial Supervisory Authority (FSA) approving an offer by France Telecom to buy 100 percent of Orascom and France Telecom's joint partnership mobile phone subsidiary, MobiNil, for (...)
Orascom Telecom CEO Khaled Beshara said his company has suspended the sale of its internet provider subsidiary LINKdotNET to MobiNil, an Orascom joint venture with France Telecom, until negotiations between the two holding companies are (...)
Officials of local mobile-phone firm MobiNil met Wednesday to discuss an offer by partner France Telecom to buy 100 percent of the company's shares. "The Egyptian Financial Supervisory Authority (EFSA) has given us 15 days to come to a decision," (...)
The Egyptian Financial Supervisory Authority (EFSA) accepted France Telecom's offer to purchase all shares of the Egyptian Company for Mobile Phone Services (Mobinil). Orascom Telecom objected to the decision, arguing that the EFSA previously (...)