Business - Markets & Companies

Trump Media says it lost more than $400 million last year

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.

Hassan Allam launches new subsidiary expanding agricultural land portfolio

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.

Global stocks climb as trade fears ease

Stock markets rose Thursday on easing trade tensions and some strong company earnings, with London hitting a record high.

Global shares slip as worries grow about Trump's tariffs

Global shares mostly fell in Monday trading as worries grow about President Donald Trump imposing tariffs on key U.S. trading partners.

Gold price hits new record over $2,850 on tariff uncertainty

The price of gold hit a new record on Thursday, lifted by uncertainty over the economic policies of US President Donald Trump and the dollar's weakness following a disappointing US growth report.

Ezz Steel voluntarily delists from Egyptian Exchange

Egyptian giant Ezz Steel has secured shareholder approval for its voluntary delisting from the Egyptian Exchange (EGX), according to a disclosure published on Wednesday.

Coca-Cola inaugurates new $31.5 mln production line in Egypt

Coca-Cola has officially launched a new production line at its Sadat City factory, backed by a $31.5 million investment.

Mastercard, Banque Misr, Money Fellows to launch prepaid card boosting financial inclusion in Egypt

Mastercard, in partnership with Money Fellows and Banque Misr, announced Monday that it will launch a prepaid card in Egypt to enhance financial inclusion.

Major Coca-Cola recall in Europe over chlorate content: company

The European bottling unit of soda giant Coca-Cola on Monday said it has ordered a major recall of Coke, Sprite, Fanta and other beverages after checks identified high levels of chlorate.

Bourse posts collective losses at close of Monday's trading

Egyptian Exchange indexes posted collective losses at the close of Monday's trading session, on the back of selling operations by local, Arab and foreign institutions and investment funds, against purchases by foreign investors.

Egypt’s outdoor advertising market grows by 53% in 2024: Report

AdMazad, Egypt's leading out-of-home (OOH) advertising performance measurement company, released its 2024 report on Monday, highlighting a 53 percent growth in the OOH market.

Canadian AGF Freezers inaugurates new office in Egypt expanding global presence

AGF Freezers Ltd., a global Canadian manufacturer of food freezing and cooling equipment, announced Monday the inauguration of its new office in Egypt's New Cairo district as a part of the company’s plan to expand globally.

Stock markets diverge tracking Trump plans

European stock markets rallied and Chinese indices slid Wednesday in reaction to US President Donald Trump's policy plans that are starting to impact the global economy.

Chinese Geely inaugurates first car manufacturing plant in Africa, MENA in Egypt

The Egyptian cabinet said on Wednesday that the Chinese Geely Auto Group, in collaboration with Auto Mobility (Geely Egypt), inaugurated a new factory in 6 October City to produce "Geely" cars, the company's first industrial venture in Egypt, Africa, and the Middle East.

EGX indexes up at close of Wednesday’s trading

Egyptian Exchange (EGX) indexes went up at the close of Wednesday’s trading driven by purchases by Arab and foreign investment institutions and funds and foreign individuals, while local institutions and investors and Arab and local individuals tended to sale.

Stocks mixed as they track tariffs, inflation and earnings

Stock markets moved in different directions on Tuesday with traders' attention fixed on President-elect Donald Trump's tariff plans, earnings updates and inflation data.

EZZ Steel sets buyback price for delisted shares at EGP 138.15

EZZ Steel announced on Monday that it has set the buyback price for shares of shareholders who object to the company's plan of delisting from the Egyptian Exchange (EGX) at EGP 138.15 per share, according to a disclosure published on the EGX website on Tuesday.

Global stock markets mixed tracking US rates outlook

European and Asian stock markets diverged Thursday, investors tracking the outlook for inflation and US interest rates as Donald Trump's second presidency approaches.

Egypt bourse indices up at close of Sunday trading

The Egyptian Exchange (EGX) indices rose at the close of Sunday's trading session, backed by investments from foreign and local investors.

Egypt bourse indices up at close of Thursday trading session

The Egyptian Exchange (EGX) indices posted collective gains at the close of Thursday's trading session, backed by purchases by local institutions and investment funds, as well as Arab and foreign investors, against sales by Arab and foreign institutions and Egyptian investors.

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