Business - Markets & Companies

EGX indices down on Tuesday

Egyptian Exchange (EGX) indexes receded on Tuesday on the back of sales by Arab and local institutions and investment funds.

Administrative Capital for Urban Development launches 1st business incubator in real estate sector

Administrative Capital for Urban Development (ACUD) launches the first business incubator for emerging companies in the real estate sector, according to a statement by the Chairman of the Board of Directors of ACUD Khaled Abbas.

European stocks, dollar recover from US jobs disappointment

European stock markets and the dollar recovered Monday after big pre-weekend falls caused by concerns about the health of the US economy, but Asian equities declined further.

EGX indexes down at end of Sunday trading

Egypt's stock market indexes recorded broad losses on Sunday, weighed down by sales from Arab and local institutions and investment funds.

Egypt bourse indices up at closing of Thursday trading

Egyptian Stock Exchange indices recorded collective increases at the closing of Thursday trading session as the Central Bank of Egypt's Monetary Policies Committee is to convene later in the day to decide on interest rate.

Sales of passenger cars rose by 97.6% in July: AMIC

The sales of passenger cars increased by 97.6 percent in volume in July 2024 compared to July 2023, according to the Automotive Marketing Information Council (AMIC) July report.

Stock market today: Wall Street extends losses following worst day in a month

US stock indexes are losing ground in afternoon trading Wednesday as Wall Street adds to its losses a day after the market’s worst skid in a month.

Egypt bourse indices jump at closing of Tuesday trading

The Egyptian Exchange (EGX) indices recorded collective increases at the closing of Tuesday's trading session, prompted by news on some leading companies' expansion plans in the real estate and industry market.

Stock markets wobble on China woes

Data showing weak Chinese economic performance hit stock market trading on Monday, offsetting optimism over an expected US interest-rate cut.

EGX gains about EGP 13 bln at close of Sunday trading

The Egyptian Exchange (EGX) gained about 13 billion pounds at the close of trading Sunday on the back of sales operations by local investment funds and individual Arab and foreign investors.

Workers at Samnoud Textiles strike to demand implementation of national minimum wage

Workers at Samnoud Textiles in Egypt have continued their strike amid management's refusal to implement a government-mandated minimum wage, representatives said on Sunday.

Egypt bourse indices up at closing of Thursday trading

Egyptian Stock Exchange indices recorded collective increases at the closing of Thursday's trading session prompted by news on some leading companies' expansion plans in the real estate and industry market.

Markets tread water as traders eye US rate cut, Nvidia results

Stock markets were little changed Tuesday as investors awaited clues on how much interest rates might be cut next month and the latest results from tech heavyweight Nvidia.

Bourse indices up at closing of Tuesday trading

Egyptian Stock Exchange indices recorded collective increases at the closing of Tuesday's trading session catapulted by purchase operations from institutions and Egyptian investment funds.

Egypt Menthum launches USD fixed income fund in partnership with CI Capital

Menthum, an Egyptian digital savings platform, announced on Sunday the launch of its USD Fixed Income Fund in collaboration with CI Capital Asset Management, a leading financial services group in Egypt.

European stocks rise at the open before Powell speech

European stock markets rose at the open on Friday ahead of a highly-anticipated speech by US Federal Reserve chief Jerome Powell.

Asian shares mostly fall after Wall Street snaps winning streak

Asian shares mostly declined Wednesday following a slip on Wall Street that snapped an eight-day winning streak, the longest of the year.

Egypt bourse indices hike at closure of Tuesday trading

The Egyptian Exchange (EGX) indices recorded collective hikes at the closure of Tuesday's trading session following purchase operations by institutions and Egyptian investment funds.

CBE extends deadline for receiving gold jewellery export proceeds to 75 days

The Central Bank of Egypt (CBE) announced Monday extending the deadline for receiving gold jewellery export proceeds to 75 days from the shipping date instead of seven or 30 working days depending on the purpose of manufacturing and export.

EGX indices show mixed performance

The Egyptian Exchange (EGX) indices showed mixed performance at the closing of Sunday's trading sessions, backed by strong purchases by local institutions and investment funds.

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