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Business - Markets & Companies
1/31/2024 3:50:23 PM
The Egyptian Exchange (EGX) took a deep dive on Wednesday and the market cap lost EGP 153 billion, shrugging off historic gains on Tuesday.

Business - Economy
1/31/2024 3:27:59 PM
Standard Chartered Egypt CEO Mohammed Gad revealed exclusively to Ahram Online (AO) the bank’s plans for the Egyptian market and how it perceives Egypt’s economic climate in general and the banking sector system in particular.

Business - Economy
1/31/2024 2:50:16 PM
The Red Sea crisis will further elevate public sector gross financing needs for most emerging markets and middle-income countries in MENA, especially Egypt and Tunisia, stated the Regional Economic Outlook (REO) report on the Middle East and Central Asia.

Business - Economy
1/31/2024 2:06:59 PM
Cleopatra Hospitals Group (CHG) announced plans to invest EGP 2 billion to expand in the Egyptian healthcare market in the next 18 months, read a report on Wednesday.

Business - Markets & Companies
1/30/2024 3:33:41 PM
The Egyptian Exchange (EGX) closed in the green on Tuesday, with the EGX30 index surpassing 30,000 points. Meanwhile, gold prices remained relatively steady.

Business - Economy
1/30/2024 1:32:22 PM
S&P Global Rating Agency expects that Egypt is likely to devalue its currency to align it more accurately with the parallel market rate, according to a recent report released by the agency.

Business - Economy
1/30/2024 1:21:18 PM
European shares rose Tuesday after a mixed day of trading in Asia, where Hong Kong and Shanghai declined on renewed selling of property and technology shares.

Business - Economy
1/30/2024 11:17:44 AM
Saudi Arabia's oil giant Saudi Aramco said Tuesday it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order from the country's Energy Ministry.

Business - Economy
1/29/2024 9:56:49 PM
Egypt’s food exports increased by 14 percent (about $602 million), reaching all-time high of $5.1 billion in 2023, up from $4.5 billion in a year prior, according to data released by the Food Expert Council (FEC) on Monday.

Business - Economy
1/29/2024 4:25:59 PM
Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time, Minister of Finance Mohamed Maait revealed on Monday.

World - Region
1/29/2024 12:27:32 PM
Oil rose Monday on fresh Middle East fears as President Joe Biden pledged to retaliate after blaming Iran-backed rebels for a deadly attack on US troops, while equities were boosted by China's latest move to support its troubled markets.

Opinion -
1/28/2024 9:56:56 PM
"Mehany 2030," an initiative that promises to provide the European Union (EU) with Egyptian professionals with the skills, education, and training for a highly competitive and constantly evolving market.

Business - Economy
1/28/2024 5:15:47 PM
Egypt's recent gold market crisis could be attributed to a significant disparity between supply and demand, fueled by an overwhelming demand for profit, said Ihab Wassef, head of the Gold and Precious Ores Division at the Federation of Egyptian Industries.

Business - Markets & Companies
1/28/2024 4:01:32 PM
The Egyptian Exchange (EGX) indices reached historic levels on Sunday, and the market cap exceeded EGP 2 trillion for the first time.

Business - Economy
1/28/2024 2:56:07 PM
The Ministry of Supply and Internal Trade has suspended trading on wheat in the Egyptian Mercantile Exchange (EME) due to price speculation in the local market, said Minister Ali Moselhi on Saturday.

Advertising - Sponsored
1/27/2024 12:45:14 PM
Buffalo Burger restaurants, founded in 2008 by brothers Suhail Turki and Loai Turki, celebrated their 15th anniversary in the Egyptian market.

Business - Economy
1/25/2024 10:53:32 PM
Benchmark U.S. crude oil for March delivery rose $2.27 to $77.36 per barrel Thursday. Brent crude for March delivery rose $2.39 to $82.43 per barrel.

Business - Economy
1/24/2024 11:27:30 PM
Benchmark U.S. crude oil for March delivery rose 72 cents to $75.09 per barrel Wednesday. Brent crude for March delivery rose 49 cents to $80.04 per barrel.

Business - Markets & Companies
1/24/2024 8:19:05 PM
The Egyptian Exchange (EGX) indices ended the week higher, supported by fertilizers stocks, and the market cap gained EGP 85 billion.

Business - Economy
1/24/2024 3:58:52 PM
Crude oil prices are expected to fluctuate in 2024 as geopolitical tensions and supply factors pull the market in different directions, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.

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