Business - Markets & Companies

Wall Street dips as markets take in more earnings ahead of Supreme Court hearing on Trump's tariffs

Technology stocks were dragging Wall Street modestly lower as markets take in another big batch of corporate earnings Wednesday while waiting for the Supreme Court to decide on the legality of President Donald Trump’s unilaterally imposed tariffs.

Losses for Big Tech pull Wall Street lower

Stocks fell in afternoon trading on Wall Street Tuesday, pulled down by losses in the same big tech companies that have been the main drivers of the market’s rally so far this year.

Banque Misr inaugurates branch in Djibouti to boost economic partnership

Banque Misr has officially inaugurated its new branch in Djibouti, marking a major step in strengthening economic and investment relations between the two countries.

World shares, oil prices fall back following Trump's meeting with Chinese leader Xi

World shares mostly retreated Thursday in choppy trading after President Donald Trump’s meeting with Chinese leader Xi Jinping.

Asia stocks join Wall Street records as tech bull run quickens

Asian stock markets surged on Wednesday, matching record gains on Wall Street the previous day as investor confidence in AI tech and coming interest rate cuts in the United States reaches fever pitch.

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere.

US stocks rise as market eyes Fed decision

Wall Street stocks rose early Tuesday, moving higher into record territory as markets look ahead to a Federal Reserve decision and talks between US and Chinese leaders.

Gold falls again as rally comes to halt, stock markets mixed

Gold and silver sank for a second day on Wednesday, bringing a rally in the precious metals to a juddering halt, while stocks were mixed after US President Donald Trump remarked that a meeting with Chinese counterpart Xi Jinping might not take place.

Stocks rise on China-US hopes, Japan's new PM lifts Tokyo

Most stock markets extended gains Tuesday on further signs that China-US trade tensions were easing and as investors looked to corporate earnings.

CXEGA showcases Egyptian expertise from Kigali to Saudi Arabia

The Customer Experience Egypt Association (CXEGA) has expanded its international reach, proudly representing Egypt at two major global forums, the Africa Customer Experience Forum in Kigali, Rwanda, and the E3CX Conference in Riyadh, Saudi Arabia, held from 29 to 30 September 2025.

US stocks drift higher, led by Nvidia and tech

US stock indexes are ticking higher on Thursday following an encouraging signal for the artificial-intelligence boom.

INTERVIEW - Egypt rises as MENA real estate powerhouse: Knight Frank's Durrani

Egypt is strengthening its position as one of the Middle East and North Africa’s (MENA) most dynamic real estate markets, attracting $1.4 billion in global private capital and ranking as the region’s third-largest construction hub after Saudi Arabia and the UAE, according to UK-based real estate consultancy Knight Frank.

Stocks, gold rise on US rate cut hopes, strong company earnings

Stocks mostly rose and the dollar retreated Wednesday on hopes for further US interest rate cuts and a solid set of company earnings.

Stocks, oil prices slide as tariff wars weigh

European and US stock markets slid in line with oil prices Tuesday as trade war rhetoric heated up and as political turmoil rumbled on in Japan and France.

Stocks, gold rise as investors weigh AI boom, political turmoil

Global stocks edged higher Tuesday and gold hovered near a fresh high as investors weighed the US government shutdown, political turmoil in France and the AI investment boom.

Egypt becomes MENA’s 3rd-largest construction hub with $1.4 bln boost: Report

Egypt is consolidating its position as one of the Middle East and North Africa’s (MENA) most dynamic real estate markets, attracting $1.4 billion in global private capital and ranking as the region’s third-largest construction hub after Saudi Arabia and the UAE, according to Knight Frank’s Destination Egypt 2025 report released Tuesday.

US stocks slip as government shutdown looms

US stock markets edged lower and gold retreated from a record high on Tuesday as traders steeled themselves for a possible US government shutdown.

Stocks torn between Fed rate warning, AI optimism

Europe's main stock markets retreated Wednesday following gains in Asia and Wall Street losses, with focus on shares in technology giants and a warning from US Federal Reserve chief Jerome Powell on interest rates.

Natural gas price hike triggers new rules for Egypt fertilizers sector

Fertilizer manufacturers in Egypt are now required to sign a binding protocol setting supply quotas for agriculture, local auctions, and exports after the government raised natural gas prices for factories starting 15 September 2025.

Nassef Sawiris to invest $50 bln in US infrastructure over Orascom-OCI merger

Egyptian billionaire Nassef Sawiris is preparing to invest up to $50 billion in US infrastructure projects as part of a major restructuring of his global business portfolio.

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