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Egypt's Ezz Steel plummeted to a 29-month low on Thursday after a court sentenced its former chairman to 10 years in jail on graft charges, while Gulf markets ended mixed in muted trade. The steel firm's stock plunged 8.9 percent to its lowest close
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With a curt wave of her hand, the wife of one of Egypt's richest men poses a question she already knows the answer to...Just a couple of months ago, her husband, the steel tycoon Ahmed Ezz, moved in Egypt's most elite circles, a parliamentary leader
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Saudi Arabia's index slipped to a five-week low on disappointing bank results on Wednesday, while other Middle East markets ended positive...The sector activity for the day was mostly negative with 12 losing sectors against 3 gaining sectors. The
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Middle East and North Africa) region will continue to grow," Matta said. Asked about a report late last month that the Algeria n authorities would freeze Ezz Steel's planned $750 million investment in Algeria , he said the company had still not
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Algeria has frozen a $750 million deal with Egypt 's Ezz Steel and is in talks with other investors to replace the Egypt ian firm, Algeria n Industry and Investment Minister Hamid Temmar said on Thursday. "In order to replace Ezz, we are currently
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