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Egypt EFG-Hermes taps undervalued stocks |
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Written by Egypt News
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Tuesday, 04 November 2008 |
Egypt's EFG-Hermes HRHO.CA said on Tuesday it was planning a "special
situations fund" worth some $500 million to take advantage of low
equities prices amid the global financial turmoil
Hazem Shawki, a managing partner, also told Reuters Middle East
Investment Summit that the investment bank would revisit merger plans
with Lebanon's Bank Audi once markets stabilize and planned to expand
in North Africa.
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Dow Jones expands Islamic index |
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Written by Egypt News
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Tuesday, 04 November 2008 |
Dow Jones has announced that 12 new countries will be added to its
Islamic Market World Index and all subsidiary indexes, including Dow
Jones Islamic Market Asia/Pacific Index, as of December 22
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OT helps push Egypt stocks up for second day |
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Written by Egypt News
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Monday, 03 November 2008 |
Regional mobile phone operator Orascom Telecom ORTE.CA rose 5.65
percent on Monday on plans to buy back shares, helping lift main
Egyptian stock indexes for the second straight session
Shares in the biggest Arab mobile phone operator by subscribers last
traded at 36.11 Egyptian pounds ($6.48) after it said it was planning
to buy back 23.59 million shares between Nov. 2 and Jan. 30.
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Egypt OT to buy back 23.6 million shares |
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Written by Egypt News
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Monday, 03 November 2008 |
The Egyptian stock exchange reported Monday that Orascom Telecom
ORTE.CA, the biggest Arab mobile phone operator by the number of
subscribers, plans to buy back 23.59 million shares
The number of shares sought by the firm represents some 2.3 percent of total shares according to Reuters data.
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