Tech news Samsung Elec. initiates $330m block sale of shares Nada Ali Apr 8, 2024 0 Samsung Electronics offered about 5.25 million of its shares in a block deal valued at up to $330 million.
International News China plans to strengthen inspections on firms planning IPOs Nada Ali Apr 8, 2024 0 China's top securities regulator will increase inspections on firms preparing for IPOs this year to enhance…
Tech/AI US awards TSMC $6.6b subsidy for Arizona chip production Nada Ali Apr 8, 2024 0 The US Commerce Department announced a $6.6 billion subsidy for Taiwan Semiconductor Manufacturing Co's (TSMC) US…
The Watch Egypt’s gold prices see slight increase on mid-Monday Nada Ali Apr 8, 2024 0 Egypt’s 24-carat gold prices reached EGP 3,662.75 per gram for selling and EGP 3,628.5 for buying, on Monday at…
Financial Institutions Egypt’s top FX firms collect EGP 11.9b after flotation decision Nada Ali Apr 8, 2024 0 The exchange firms associated with the National Bank of Egypt, Banque Misr, and Banque du Caire have collected…
Real Estate Chinese Shimao receives wind-up petition in H. Kong Nada Ali Apr 8, 2024 0 Chinese developer Shimao Group received a liquidation petition from China Construction Bank (Asia) against it in…
Money China’s PBC adds $2m via reverse repos Nada Ali Apr 8, 2024 0 The People's Bank of China (PBC) conducted two billion yuan ($281.9 million) of seven-day reverse repos.
Egypt News Egypt’s c. bank offers EGP 6b zero coupon T-bonds Nada Ali Apr 8, 2024 0 Egypt’s central bank (CBE) announced on Monday the issuance of 539-day treasury zero-coupon bonds worth six billion…
Money Egypt’s c. bank auctions fixed-rate EGP deposits Nada Ali Apr 8, 2024 0 The Central Bank of Egypt (CBE) offered on Tuesday fixed-rate deposits for three years, totalling four billion…
Stocks Asian stocks hike on concerns about US rate cuts Nada Ali Apr 8, 2024 0 Asian shares were subdued on Monday as investors awaited the US Federal Reserve's decision on rate cuts.