Business
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Economy
7/11/2023 6:38:29 PM
Egypt targets securing $3 billion in financing through the end of 2023 from several external markets to bridge its financing gap, according to the Minister of Finance Mohamed Maait.
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Business
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Economy
7/11/2023 3:50:05 PM
Major stock markets mostly rose Tuesday as China moved to boost its flagging economy, while the pound hit a 15-month high against the dollar as UK data pointed to more aggressive interest rates hikes from the Bank of England.
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Business
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Economy
7/7/2023 2:24:59 PM
Asian shares slipped Friday after another decline on Wall Street, where hopes for an end to interest rate hikes were again shaken by strong jobs data.
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Business
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Economy
7/5/2023 4:53:21 PM
Egypt's sovereign US-dollar-denominated bonds experienced a slight increase in their returns on international markets, rising by over 1 cent, due to growing demand for bonds from frontier markets like Pakistan and Ghana, as reported from Tradeweb via Reuters.
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Business
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Markets & Companies
7/5/2023 1:37:02 PM
Equity markets sank Wednesday as another round of data showed China's economy continued to struggle in June, with little hope that its leaders can unveil the blockbuster stimulus needed to kickstart growth.
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Business
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Markets & Companies
7/4/2023 5:04:07 PM
There were no major changes in Egypt's gold and stock markets on Tuesday, after the seven-day long Eid Al-Adha holiday.
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Business
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Markets & Companies
6/30/2023 5:27:56 PM
Stock markets rose on Friday as data showed inflation easing in the United States and Europe.
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Business
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Economy
6/26/2023 5:02:51 PM
Wall Street stocks inched higher early Monday ahead of the week's economic data, as markets eyed ongoing events in Russia following an aborted challenge to the government.
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Business
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Markets & Companies
6/26/2023 10:59:04 AM
The ruble and most equity markets sank Monday as traders kept watch on Russia following an aborted mutiny at the weekend that stoked concerns about stability in the nuclear-armed country.
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Business
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Economy
6/23/2023 1:29:06 PM
Equity markets sank Friday and oil extended a sharp selloff after a string of interest rate hikes by central banks revived worries about the global economy.
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Business
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Markets & Companies
6/22/2023 4:08:36 PM
Wall Street followed global markets lower early Thursday as countries around the world cranked up interest rates one day after Federal Reserve Chair Jerome Powell told Congress he believes inflation still isn’t under control.
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Business
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Markets & Companies
6/21/2023 5:52:14 PM
Gold prices inched slightly higher on Wednesday after declining the day before, while the stock maket indices all ended in red area.
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Business
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Energy
6/19/2023 7:38:52 PM
Uzbekistan said on Monday it has signed a two-year contract with Russian energy giant Gazprom for deliveries of natural gas, as Russia seeks new markets for its sanctions-hit energy exports.
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Business
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Markets & Companies
6/19/2023 5:12:42 PM
Gold prices continued their downward trajectory on Monday, while the Egyptian Exchange's indices ended in the red territory.
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Business
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Markets & Companies
6/19/2023 11:21:29 AM
Markets sank Monday with traders left disappointed by a lack of policy announcements from China aimed at kickstarting the ailing economy.
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Business
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Economy
6/15/2023 1:40:00 PM
China's central bank cut a key interest rate and pumped billions into financial markets Thursday, as fresh data showed the world's second-largest economy was flagging.
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Business
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Economy
6/14/2023 9:15:05 PM
The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.
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Business
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Economy
6/14/2023 12:21:08 PM
Asian markets were mixed Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.
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Business
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Markets & Companies
6/13/2023 5:45:43 PM
Gold prices continued on Tuesday its downward trajectory, while Egyptian Stock Exchange had mixed results, with EGX30 rising 0.92 percent.
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Business
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Economy
6/13/2023 12:03:01 PM
Markets rose on Tuesday, with investors awaiting the release of key US inflation data later in the day that could play a big role in the Federal Reserve's keenly anticipated interest rate decision.
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