Business - Markets & Companies

Bourse posts collective gains at close of Thursday's trading sessions

Egyptian Exchange (EGX) indexes posted collective gains at the close of Thursday's trading sessions prompted by purchases by Arab and foreign investment funds and sellouts by local institutions and Arab investors.

Emirates logs $2.5 bln half-year profit amid Mideast crises

Dubai's Emirates Group announced half-year profits of $2.5 billion on Thursday, citing robust demand despite the Israeli wars in the Middle East.

Egypt bourse posts collective gains at close of Wednesday trading

The Egyptian Exchange (EGX) indices posted collective gains at the close of Wednesday's trading session, prompted by purchases by Arab and foreign investment funds and sellouts by local institutions and Arab investors.

Eastern Company raises tobacco prices for the fourth time in 2024

Egypt’s largest tobacco producer, Eastern Company, has raised the price of its local products including cigarettes by 12 percent, effective on Tuesday.

Stock markets climb, dollar dips as US votes

Major stock markets mostly rose and the dollar remained under pressure Tuesday as Americans cast votes in a knife-edge presidential election.

Egypt bourse shows mixed performance at close of Tuesday trading

The Egyptian Exchange (EGX) indices showed mixed performance at the close of Tuesday's trading session, amid selling operations by institutions and local and foreign investors.

Stock markets hesitant before knife-edge US election

European and US stock markets mostly fell and the dollar slid Monday as investors steel themselves for a coin-toss US presidential election, an interest rate decision and expected Chinese stimulus measures.

Telecom Egypt, Mobily partner to build 1st submarine cable line linking Saudi Arabia, Egypt

Telecom Egypt has partnered strategically with the Saudi telecommunications giant Mobily to build the first submarine cable line under the Red Sea to link Saudi Arabia and Egypt.

Egypt bourse indices hike at closing of Sunday trading

The Egyptian Exchange (EGX) indices hiked at the closing of Sunday's trading session, backed by purchases by institutions, local investment funds, and foreign and Egyptian investors against sales by foreign and Arab institutions and Arab individuals.

Bourse posts collective gains at close of Thursday’s trading sessions

Egyptian Exchange (EGX) indexes posted collective gains at the close of Thursday's trading sessions prompted by purchases by Arab and foreign investment funds and sellouts by local institutions and Arab investors.

Egyptian Alkan, Chinese BAIC ink deal to establish EVs plant in Egypt

Egypt is set to boost its automotive sector with the establishment of a new electric car factory with a partnership agreement between the Chinese company Beijing Automotive Group (BAIC) and Egyptian International Motors (EIM Group), a subsidiary of Alkan Holdings.

Bourse posts collective gains at close of Sunday's trading sessions

Egyptian Exchange (EGX) indexes posted collective gains at the close of Sunday's trading sessions, backed by positive news about the economy regarding expectations of pumping big investments in several projects in Egypt in the coming period.

Mountain View fined EGP 20 mln for nuisance telemarketing calls

Mountain View, a famous real estate company, was fined EGP 20 million by Egypt’s National Telecommunications Regulatory Authority (NTRA) for conducting nuisance telemarketing calls that violate the code and the regulatory procedures set by the authority regarding using mobile lines for promotional calls, NTRA announced on Thursday.

EGX indices show mixed performance at end of Tuesday trading

The Egyptian Exchange (EGX) indices showed mixed performance at the closing of Tuesday's trading session, backed by purchases by institutions, Arab investment funds, and Egyptian and foreign investors against sales by local and foreign institutions and Arab investors.

EGX posts collective losses at close of Thursday trading

The Egyptian Exchange (EGX) indices posted collective losses at the close of Thursday's trading session, on the back of selling operations by local and Arab institutions and investment funds against purchases by foreign institutions and Egyptian, Arab, and foreign investors.

Egypt bourse shows mixed performance at closing of Wednesday's trading

Egyptian Exchange (EGX) indices showed mixed performance at the closing of Wednesday's trading session, amid anticipation of news regarding the economy, companies' performance, and expected acquisition deals in the market.

US stocks open week mostly higher

Wall Street stocks were mostly higher early Monday to open a week that includes the release of major corporate earnings and a European Central Bank decision.

Bourse posts collective gains at close of Monday's trading sessions

Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday trading session, backed by purchases by foreign institutions and investment fuds, as well as Egyptian, Arab and foreign investors, against sales by local and Arab institutions.

Bourse indexes down at close of week transactions

Egyptian Exchange (EGX) indexes declined at the close of the Sunday trading session, the first session of the week, prompted by sales by institutions and foreign, local, and Arab investment funds against purchases by foreign, Arab, and Egyptian investors.

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