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Business
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Economy
12/26/2023 11:01:15 AM
Asian markets were steady in holiday-thinned trading on Tuesday, with some markets in the region closed for holidays.
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Business
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Economy
12/25/2023 11:26:24 AM
Asian shares were mostly higher on Monday after Wall Street capped its eighth straight winning week with a quiet finish following reports showing inflation on the way down and the economy potentially on the way up.
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Business
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Economy
12/21/2023 10:23:57 PM
Benchmark U.S. crude oil for February delivery fell 33 cents to $73.89 per barrel Thursday. Brent crude for February delivery fell 31 cents to $79.39 per barrel.
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Business
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Economy
12/20/2023 1:59:04 PM
Egypt has initiated negotiations with India to explore the possibility of issuing rupee-denominated bonds in the Indian markets, Minister of Finance Mohamed Maait said during a press conference on Wednesday.
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Business
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Economy
12/11/2023 6:51:37 PM
Egypt's Prime Minister Mostafa Madbouly has called for regular reports on sugar prices in markets, following the Ministry of Supply's distribution of thousands of tons of sugar across various governorates, according to a statement on Monday.
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Business
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Markets & Companies
12/10/2023 7:13:57 PM
Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new capital, signed an agreement with JOBMASTER for Human Capital Solutions to restructure the company in preparation for the initial public offering (IPO) on the Egyptian Exchange (EGX) and global stock markets, according to a statement on Sunday.
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Business
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Economy
12/6/2023 11:26:11 AM
Asian shares advanced on Wednesday after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy.
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Business
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Markets & Companies
12/4/2023 3:25:35 PM
Gold hit a record high on Monday as growing optimism that the Federal Reserve will cut US interest rates in 2024 has dented the dollar in recent weeks.
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Business
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Economy
11/30/2023 10:43:43 PM
Benchmark U.S. crude oil for January delivery fell $1.90 to $75.96 per barrel Thursday. Brent crude for January delivery fell 27 cents to $82.83 per barrel.
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Business
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Economy
11/27/2023 9:51:44 AM
Asian markets dipped Monday as investors look ahead to the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.
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Business
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Economy
11/14/2023 4:56:14 PM
Egypt is considering a presence in the Indian stock markets, said Minister of Finance Mohamed Maait during a meeting with India’s Ambassador to Cairo Ajit Gupte on Tuesday.
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Egypt
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Foreign Affairs
11/13/2023 4:40:26 PM
Egyptian President Abdel-Fattah El-Sisi stressed the importance of African coordination at the inauguration of the African Intra-Trade Exhibition (IATF 2023) held in Cairo on Monday.
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Business
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Economy
11/6/2023 4:54:49 PM
The Korea Trade and Investment Promotion Agency (KOTRA), in cooperation with the South Korean Embassy in Cairo and the Korea Water Partnership, organized a conference and one-to-one business meeting with 10 South Korean Companies operating in water industry development between Egypt and Korea.
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Business
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Economy
10/30/2023 2:56:30 PM
The escalation of the war in Gaza is expected to have various implications for oil and other commodity markets, initially triggering a surge in oil prices and subsequently causing disruptions in other commodity sectors.
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Business
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Economy
10/20/2023 4:03:10 PM
Stock markets slid and oil prices jumped Friday on worries that an expected ground invasion of Gaza by Israel would spark a wider conflict in the crude-rich Middle East.
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Business
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Economy
10/17/2023 6:01:50 PM
US and European stock markets mostly fell and oil prices rose on Tuesday as US President Joe Biden prepared for a trip to the Middle East aimed at preventing the Israeli escalation against Gaza from creating a regional war.
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Business
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Economy
10/11/2023 12:04:14 PM
Egypt’s gross debt-to-GDP ratio is projected to be 92.7 percent in 2023, the highest among the emerging markets and the middle-income economies, the International Monetary Fund (IMF) said on Wednesday.
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Business
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Energy
10/10/2023 6:52:47 PM
Investments related to climate risks mitigation have to reach 12 percent of total investments in emerging markets and developing economies by 2030, which is a significant increase from the current three percent, the International Monetary Fund (IMF) said on Tuesday.
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Business
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Markets & Companies
10/6/2023 1:54:03 PM
Global shares mostly rose Friday in cautious trading ahead of an update on the U.S. jobs market.
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Business
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Economy
10/2/2023 9:56:00 AM
Asian shares were mostly higher in thin trading Monday with many markets closed for holidays.
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