A regulatory battle over an offer to buy out shareholders in Orascom Construction Industries may inflict damage on the Cairo stock market that lingers long after Egypt's politics stabilise and the economy recovers.
Egypt has set limits on transferring shares of local companies into internationally-traded global depository receipts (GDRs), a move which could prevent a repeat of a controversial deal which may lead to the delisting of one of
Qatar's Aamal Company will list its shares on the London Stock Exchange in June as global depositary receipts (GDRs), the diversified trading, property and industrial company said.
Aamal, which makes industrial materials including elec
Investment firm Kuwait Projects Company (Kipco) said it is in talks with about 10 European companies about setting up a Middle East pensions firm and could sell global depositary receipts (GDRs) worth up to $1 billion.
'We are now shortlis