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 (...)
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 (...)