Business - Markets & Companies

UK energy company BP's profits double to $27.7 billion

British energy company BP reported record annual earnings on Tuesday amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia's invasion of Ukraine.

Egyptian gold prices continue modest downward trend

Egyptian gold prices dropped on Sunday, continuing their modest decline from the record highs in early January.

Musk found not liable in Tesla tweet trial

Jurors on Friday cleared Elon Musk of liability for investors' losses in a fraud trial over his 2018 tweets falsely claiming that he had funding in place to take Tesla private.

Wall Street opens lower as big job gains fan inflation fears

Wall Street's rally hit a wall after a shocking jobs report showed the U.S. economy created a third of a million more jobs last month than expected, fueling worries about inflation and higher interest rates.

Oil, gold and dollar prices fall on Wednesday

Benchmark US crude oil for March delivery fell $2.46 to $76.41 a barrel Wednesday. Brent crude for April delivery fell $2.62 to $82.84 a barrel.

Egypt-based fintech startup MNT-Halan secures $400 mln in funding

Egypt-based fintech company MNT-Halan announced on Wednesday that it has secured a total of $400 million in finances, including $200 million in equity funding and $140 million in debt, making the company the best-funded start-up in the country.

Oil, gold prices rise on Tuesday, dollar falls

Benchmark US crude oil for March delivery rose 97 cents to $78.87 a barrel Tuesday. Brent crude for March delivery fell 41 cents to $84.49 a barrel.

Oil, gold prices fall on Monday as dollar rise

Benchmark US crude oil for March delivery fell $1.78 to $77.90 a barrel Monday. Brent crude for March delivery fell $1.76 to $84.90 a barrel.

Renault to reduce stake in Nissan, rebalancing alliance

French automaker Renault will slash its stake in Japanese partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the firms said Monday.

Egyptian bourse's market capital exceeds EGP 1.1 trillion for first time

For the first time in its history, the Egyptian Exchange (EGX) market capital exceeded on Sunday EGP 1.1 trillion prompted by strong activities of major stocks in the banking, communications, real estate and industrial domains.

Oil, gold prices rise on Wednesday, dollar falls

Benchmark US crude oil for March delivery rose 2 cents to $80.15 a barrel Wednesday. Brent crude for March delivery fell 1 cent to $86.12 a barrel.

Europe stocks slip before US economic updates

European stock markets slid Wednesday as investors awaited key company earnings and economic growth data in the United States.

Asia shares trading mixed, China markets closed for holidays

Asian shares were mixed Wednesday after Wall Street indexes finished little changed as investors awaited earnings results from major global companies.

Oil, dollar prices fall on Tuesday as gold rise

Benchmark US crude oil for March delivery fell $1.49 to $80.13 a barrel Tuesday. Brent crude for March delivery fell $2.06 to $86.13 a barrel.

Oil, gold and dollar prices rise on Monday

Benchmark US crude oil for March delivery rose 31 cents to $81.62 a barrel Monday. Brent crude for March delivery rose 56 cents to $88.19 a barrel.

Egyptian bourse gains EGP 3.2 bln, all indexes up

Egyptian Exchange (EGX) indexes went up collectively at the close of Sunday's trading, pushed by selective purchases from local institutions and investment funds, as well as Arab individuals.

Egyptian bourse indices up

Egyptian Exchange (EGX) indices went up collectively at the close of Thursday's trading.

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for February delivery fell 70 cents to $79.48 a barrel Wednesday. Brent crude for March delivery fell 94 cents to $84.98 a barrel.

Lufthansa closes in on stake in Italy's ITA Airways

German airline giant Lufthansa submitted a fresh offer Wednesday for Italy's troubled ITA Airways, bringing a turbulent takeover process closer to the finish line.

Oil prices rise on Tuesday as gold and dollar fall

Benchmark US crude oil for February delivery rose 32 cents to $80.18 a barrel Tuesday. Brent crude for March delivery rose $1.46 to $85.92 a barrel.

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