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Egypt - Society
7/26/2023 10:22:41 PM
The Head of the Tobacco Division of the Federation of Egyptian Industries said some traders who are hoarding cigarette boxes to sell them at higher prices in the black market are behind current shortages.

Business - Markets & Companies
7/26/2023 5:13:00 PM
The giant Egyptian e-payment solutions provider Fawry said it is in talks with Saudi Payments, a subsidiary of the Saudi Central Bank, to secure licenses and certifications necessary for expansion in the Saudi market.

Business - Markets & Companies
7/26/2023 4:50:46 PM
The Egyptian Exchange (EGX) indices saw varied performance on Wednesday, with two indices jumping while the benchmark slipped. The market announced the discontinuation of EGX50 after eight years of trading. Gold prices increased marginally.

Business - Economy
7/25/2023 5:25:24 PM
The International Monetary Fund has slightly upgraded its outlook for global growth this year on the back of resilient service sector activity in the first quarter and a strong labor market, the lender said Tuesday.

Business - Markets & Companies
7/25/2023 5:06:09 PM
The Egyptian Exchange suffered negative performance for the second day in a row on Tuesday, and the market cap lost EGP 5 billion. Gold prices inched lower.

Business - Economy
7/24/2023 4:50:23 PM
The Egyptian Exchange ended in the red territory on Monday, and the market cap lost EGP 4 billion. Gold prices increased slightly.

Business - Economy
7/24/2023 12:22:49 PM
Asian shares were mixed on Monday, with Hong Kong's benchmark sinking 2.2% following reports suggesting China's leaders do not plan major stimulus measures to prop up slowing growth in the world's second-largest economy.

World - International
7/22/2023 10:12:19 AM
A notorious Indonesian animal market has ended the sale of dog and cat meat after years of activist pressure to stop the trade and its brutal methods of slaughter, according to campaigners.

Business - Economy
7/20/2023 5:11:04 PM
Fewer Americans applied for unemployment benefits last week with the labor market continuing to cruise along despite higher interest rates intended to cool hiring.

Business - Markets & Companies
7/19/2023 7:24:52 PM
The Egyptian Exchange (EGX) indices close in the green territory during the week ending on 19 July, while the market cap rose by over 1 percent. Market expert advises investors to eye state-owned companies.

Business - Tech
7/19/2023 5:54:37 PM
The deadline for Microsoft's $69 billion acquisition of video game company Activision Blizzard has been extended as the companies seek to close a deal that has been challenged by regulators in the U.S., as well as by U.K.'s Competition and Markets Authority.

Business - Economy
7/19/2023 3:52:32 PM
All of the Egyptian Exchange indices ended in the green on Wednesday except for the benchmark. Gold is still hovering around June's levels.

Business - Economy
7/19/2023 3:43:54 PM
The two-day Seamless North Africa 2023 conference, which concluded Tuesday, highlighted Egypt's efforts to transform into a digital economy and become a regional leader in financial technology (fintech).

Business - Energy
7/19/2023 2:48:24 PM
Swedish-Swiss tech solutions multinational corporation ABB is expanding its investments in the Egyptian market, Sherif Ismail, ABB Egypt’s vice president and the electrification commercial leader Egypt and Central Africa, told Ahram Online.

Business - Economy
7/18/2023 8:01:15 PM
Wall Street is drifting Tuesday following some mixed reports on the economy and corporate profits.

Business - Markets & Companies
7/18/2023 5:14:33 PM
The Egyptian Exchange (EGX) index closed slightly higher on Tuesday while gold prices remained at yesterday's levels.

World - War in Ukraine
7/18/2023 11:44:14 AM
UN Secretary General Antonio Guterres said Monday that millions of people facing hunger will "pay the price" of Russia's decision to exit the Ukraine grain deal.

Business - Markets & Companies
7/17/2023 3:26:36 PM
Gold prices resume their declining trajectory on Monday, while the Egyptian stocks inched slightly higher on Monday after a flat trading at the beginning of the week.

World - Region
7/16/2023 8:51:34 PM
Among meandering alleyways in the historic market of Lebanon's southern city of Sidon, cobblers and menders are doing brisk business, as an economic crisis revives demand for once-fading trades.

Business - Markets & Companies
7/16/2023 4:00:58 PM
Gold prices in Egypt fell close to the average level reached in June, while the Egyptian Exchange's (EGX) indices remained almost unchanged from the previous session on Sunday.

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