German construction to decline in 2024 – DIW
German construction spending is set to decline for the first time in 2024 since the financial crisis, according to…
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EGX closes on high note on Tuesday
Egypt’s stock market closed mixed for the second consecutive day on Thursday. The main index EGX30 rising by 0.97…
Netflix shares drop as Citi downgrades rating
Netflix stock dropped by about 2 per cent in premarket trading on Tuesday as Citi strategists downgraded their…
Oil prices rise in early Tuesday trade
Oil prices rise by more than 1 per cent in early Tuesday trade. Brent Crude rose by 1.14 per cent or 0.86 cents, to…
Ericsson targets 50% of mobile wallets in Africa
Ericsson AB, a manufacturer of 5G networks globally, is expanding a financial technology company that facilitates…
EGX closes mixed on Jan. 8
Egypt’s stock market closed mixed on Monday. The main index EGX30 dropped by 0.02 per cent to 25344.63 and EGX70…
Boeing shares tumble amid FAA MAX groundings
Boeing’s shares fell by 8 per cent in early-hour trading, amid the Federal Aviation Administration (FAA) orders of…
Nigeria’s central bank pays $2 bln to clear FX backlog
The Central Bank of Nigeria settled matured foreign exchange contracts by paying lenders about $2 billion of what…
Danish Pandora sales up despite dull market – CFO
The Danish jewellery giant, Pandora reported that with marketing tactics, it was able to gain a market share…
Shell impairment charges hit $4.5 bln in Q4 ’23
Shell’s fourth quarter impairment charges reached between $2.5 billion to $4.5 billion, primarily from the…