Egypt’s Oriental Weavers, the world’s largest manufacturer of machine-made carpets, has agreed on Wednesday to make a …
Tag:
Market exit
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Banks
CBE: No Requests Received from National Bank of Oman to Exit Egypt Market
by Yomna Yasserby Yomna YasserThe Central Bank of Egypt has not received any requests from the National Bank of Oman regarding …
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The National Bank of Oman (NBO) is planning to end its banking activities in the Egyptian market …
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Egypt’s bourse has opened this week posting gains of EGP 342 million coinciding with the launch of …
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Industry & Trade
Mercedes Rebuts Egyptian Market Exit News, To Proceed With Expansions
by Yomna Yasserby Yomna YasserLeading manufacturer of luxury automobiles Mercedes Benz denied on Tuesday the rumors about withdrawing its investments from …
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CEO of BMW & Bavarian Group has negated on Tuesday the news about withdrawing the company’s investments …
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Russia’s leading independent natural gas producer, Novatek OAO (MCX:NVTK) (LON:NVTK), has decided to exit the Egyptian market …
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Indices news
OCI’s Deal Does Not Represent Egyptian Market Exit; Says EFG-Hermes Official
by Yomna Yasserby Yomna YasserMona Zulficar, EFG Hermes’ Board of Directors Chairperson, has negated that Orascom Construction Industries (OCIC.CA)’s recent transaction on …