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Business
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Economy
8/31/2023 6:29:45 PM
Wall Street stocks edged up early Thursday as investors cheered positive earnings results and kept watch on economic data, including the Federal Reserve's preferred inflation gauge which ticked up in July.
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Business
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Markets & Companies
8/31/2023 5:35:00 PM
British and Ugandan investors have bought 154.8 million shares of local Egyptian energy company TAQA Arabia, which accounts for 11.45 percent of the company's total shares, for EGP 1.2 billion ($39.22 million), according to an announcement by the Egyptian Exchange on Thursday.
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Business
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Economy
8/28/2023 10:26:20 AM
Asian shares were mostly higher Monday, as investors were relieved by the head of the Federal Reserve indicating it will “proceed carefully” on interest rates.
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Al-Ahram Weekly
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Egypt
8/27/2023 9:45:00 AM
Should equity investors invest in individual company shares or in market indices?
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Business
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Markets & Companies
8/22/2023 3:13:14 PM
A majority shareholder in Egypt's largest tobacco producer Eastern Company has received offers from foreign investors for the acquisition of up to 30 percent of its stake in the company, according to a bourse statement on Tuesday.
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Business
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Markets & Companies
8/21/2023 12:50:43 PM
Most Asian markets fell Monday as China's decision to cut interest rates again failed to reassure investors, who are growing increasingly worried about the outlook for the world's number two economy.
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Business
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Economy
8/13/2023 3:40:58 PM
Egypt's Industrial Development Authority (IDA) is set to offer for sale 1.7 million square metres of lands to investors, as part of a plan to narrow the country’s $30 billion trade gap, according to a statement on Sunday.
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Business
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Economy
8/3/2023 7:07:05 PM
Banks from four Arab countries are interested in investing in Lebanon’s struggling banking sector, which was hard-hit by the small nation’s three-year economic meltdown, a top Arab banker said Thursday.
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Business
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Markets & Companies
8/1/2023 3:38:10 PM
A group of high-profile Egyptian investors abroad will soon establish an investment company to engage the country’s expats in high-return national projects, Minister of Emigration and Egyptian Expatriates' Affairs Soha Gendy said.
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Business
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Economy
7/31/2023 11:39:46 AM
Shares were mostly higher in Asia on Monday after Wall Street got back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy.
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Business
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Economy
7/24/2023 12:22:49 PM
Asian shares were mixed on Monday, with Hong Kong's benchmark sinking 2.2% following reports suggesting China's leaders do not plan major stimulus measures to prop up slowing growth in the world's second-largest economy.
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Business
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Markets & Companies
7/19/2023 7:24:52 PM
The Egyptian Exchange (EGX) indices close in the green territory during the week ending on 19 July, while the market cap rose by over 1 percent. Market expert advises investors to eye state-owned companies.
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Business
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Economy
7/18/2023 4:39:30 PM
The Egyptian government has received three offers from Egyptian and international investors for the production of phosphate fertilizers and phosphoric acid in the Red Sea city of Safaga with $1.6 billion in investments.
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Business
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Markets & Companies
7/17/2023 3:18:28 PM
Flash, Egypt’s new cashless payments app, has completed a $6 million seed round led by Addition with participation from Flourish Ventures and other strategic angel investors.
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Business
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Energy
7/11/2023 9:45:57 PM
A multi-billion dollar agreement signed with France's TotalEnergies could help resolve Iraq's longstanding electricity crisis, attract international investors and reduce its reliance on gas imports from neighboring Iran, a point of tension with Washington.
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Business
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Markets & Companies
7/6/2023 8:18:42 PM
The Egyptian Exchange's (EGX) indices ended in red territory this week, as investors generate liquidity, and eye building new positions on TAQA Arabia shares.
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World
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War in Ukraine
6/21/2023 2:44:58 PM
Western allies on Wednesday promised to make Russia pay for its invasion of Ukraine, as governments and private investors met to fund the country's reconstruction from the ravages of war.
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Business
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Economy
6/21/2023 2:30:21 PM
Egypt's Minister of International Cooperation, Rania Al-Mashat, called upon Austrian companies to explore investment opportunities in Egypt, as stated in a ministry release on Wednesday.
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Business
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Markets & Companies
6/15/2023 8:03:01 PM
The Egyptian Exchange's indices saw varied performance over the week ended June 15th, as investors tend to sell more to collect profits.
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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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