Global equities meandered Tuesday as Wall Street struggled to hold early gains while European stocks made modest gains as concerns eased over the next round of tariffs from US President Donald Trump.
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European and Asian stock markets traded mixed and gold hit another record high Wednesday as trade war worries cast a shadow and geopolitical concerns returned to the fore.
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Safe-haven gold surpassed $3,000 for the first time Friday, boosted by uncertainty over US President Donald Trump's tariffs, while stock markets gained on hopes US lawmakers will avert a government shutdown.
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Wall Street keeps shaking because of tariffs. Stocks jumped to a big early gain, gave it back and then went up again as a volatile week for the market rolls on.
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Egyptian conglomerate Organi Group acquired 50 percent of Rolling Plus Chemical Industries in partnership with Concrete Plus, to revive €1 billion tyre manufacturing facility — the first of its kind in the Middle East — in the Suez Canal Economic Zone (SCZone).
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Minister of Finance Ahmed Kouchouk announced Wednesday that EGP 1 billion has been allocated in the FY2024/2025 budget to fund the “Automotive Industry Localization Strategy.”
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Wall Street stocks tumbled Tuesday after the United States proceeded with new tariffs on Canada, Mexico and China, exacerbating worries that higher inflation will prompt a recession.
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The Egyptian Stock Exchange (EGX) executed Thursday a large transaction involving shares of the state-owned eFinance for Financial and Digital Investments valued at EGP 297.4 million.
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Egypt’s fintech sector has skyrocketed by a staggering 5.5-fold increase over the past five years, now boasting an impressive 177 startups, according to FinTech Landscape Report.
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Egyptian Media Production City's (EMPC) financial statements showed that the company's net profits increased by 66.5 percent to EGP 801 million in fiscal year (FY) 2024, compared to EGP 481 million in FY2023.
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The International Finance Corporation (IFC), the financial arm of the World Bank Group, and Attijariwafa Bank Egypt (AWB Egypt) have started a strategic partnership to strengthen the bank’s capital base and ability to support small and medium-sized enterprises (SMEs) and climate finance initiatives in Egypt.
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Egypt is a strategic and core market for Uber in the Middle East and North Africa (MENA) region with a bold economic atmosphere, Youssef Abouseif, the company's general manager for Egypt, KSA, and Bahrain, told Ahram Online (AO).
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Global stock markets were mixed on Thursday and gold hit a record high amid Federal Reserve concerns that US President Donald Trump's tariffs and immigration measures could reignite inflation.
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European and Asian markets mostly fell Wednesday after US President Donald Trump broadened his tariff threats stoking wider trade war fears.
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The Egyptian automotive market is undergoing significant transformations due to new legislative and procedural amendments aimed at regulating the import of vehicles, particularly for individuals with disabilities, and encouraging local manufacturing.
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Global stock markets held largely steady on Tuesday as top US and Russian diplomats held their first since Russia's invasion of Ukraine.
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The parent company of President Donald Trump’s social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.
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Hassan Allam Holding Group said Sunday in a statement that it has launched its new subsidiary, Genet Agricultural Company, to enhance regional agricultural productivity and sustainability.
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Stock markets rose Thursday on easing trade tensions and some strong company earnings, with London hitting a record high.
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