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Business
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Energy
6/19/2023 7:38:52 PM
Uzbekistan said on Monday it has signed a two-year contract with Russian energy giant Gazprom for deliveries of natural gas, as Russia seeks new markets for its sanctions-hit energy exports.
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Business
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Markets & Companies
6/19/2023 5:12:42 PM
Gold prices continued their downward trajectory on Monday, while the Egyptian Exchange's indices ended in the red territory.
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Business
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Markets & Companies
6/19/2023 11:21:29 AM
Markets sank Monday with traders left disappointed by a lack of policy announcements from China aimed at kickstarting the ailing economy.
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Business
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Economy
6/15/2023 1:40:00 PM
China's central bank cut a key interest rate and pumped billions into financial markets Thursday, as fresh data showed the world's second-largest economy was flagging.
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Business
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Economy
6/14/2023 9:15:05 PM
The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.
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Business
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Economy
6/14/2023 12:21:08 PM
Asian markets were mixed Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.
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Business
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Markets & Companies
6/13/2023 5:45:43 PM
Gold prices continued on Tuesday its downward trajectory, while Egyptian Stock Exchange had mixed results, with EGX30 rising 0.92 percent.
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Business
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Economy
6/13/2023 12:03:01 PM
Markets rose on Tuesday, with investors awaiting the release of key US inflation data later in the day that could play a big role in the Federal Reserve's keenly anticipated interest rate decision.
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Business
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Economy
6/12/2023 12:22:35 PM
Most markets rose Monday but investors traded cautiously as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.
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Business
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Economy
6/9/2023 2:58:15 PM
Cybersecurity and its related issues has been critical for developing countries and emerging markets, including Egypt, as such economies still working on upgrading their digital infrastructure and boosting their digital transition process.
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Business
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Economy
6/8/2023 10:34:02 PM
Benchmark U.S. crude oil for July delivery fell $1.24 to $71.29 a barrel Thursday. Brent crude for August delivery fell 99 cents to $75.96 a barrel.
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Business
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Markets & Companies
6/8/2023 5:57:40 PM
Gold prices remained stable on Thursday falling over the past two days, while all Egyptian stock market indices rose.
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Business
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Markets & Companies
6/8/2023 10:48:09 AM
Renewed fears that the US Federal Reserve will lift interest rates next week sent most markets into reverse Thursday, tracking losses across Wall Street and Europe, while traders were looking for measures from China to boost growth.
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Business
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Markets & Companies
6/7/2023 3:22:33 PM
World shares were mixed on Wednesday after China reported trade data pointing to a further slowing of its recovery from the disruptions of the pandemic.
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Business
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Economy
6/7/2023 12:45:51 PM
The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and higher interest rates weigh on growth, banks and markets.
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Business
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Economy
6/5/2023 12:50:35 PM
Markets built on a global rally Monday after a mixed US jobs report lifted hopes the Federal Reserve will skip an interest rate hike this month, while oil extended gains after Saudi Arabia slashed output.
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Business
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Economy
6/2/2023 11:46:40 AM
Asian markets rallied Friday on hopes the US Federal Reserve will decide against lifting interest rates this month as officials assess the impact of more than a year of tightening.
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Business
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Economy
6/1/2023 10:31:33 PM
Benchmark U.S. crude oil for July delivery rose $2.01 to $70.10 a barrel Thursday. Brent crude for August delivery rose $1.68 to $74.28 a barrel.
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Business
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Markets & Companies
6/1/2023 7:09:04 PM
Wall Street stocks saw a mixed opening on Thursday after US lawmakers voted to pass a deal on the debt limit, marking a crucial first step to avert a catastrophic default.
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Business
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Economy
6/1/2023 2:48:07 PM
Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank's next meeting in June, though they indicate hikes could resume later this year.
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