Egyptian Exchange posts highest weekly decline in 2yrs
The Egyptian Exchange (EGX) was affected by the rising regional geopolitical risks during the week ended 10 May,…
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Gold prices edge up, set for weekly gain as dollar weakens
Gold prices rose overall on Friday, headed for its first weekly gain in four weeks, as the dollar weakened and…
Oil prices sink 1%, but posts weekly gain after US nuclear deal exit
Oil prices slipped on Friday, but remained near 3½ year highs on Friday as renewed U.S. sanctions on Iran tightened…
Dollar prices fall, Swedish crown extends rally
Dollar prices fell for a third day on Friday against a basket of currencies as traders booked gains on its recent…
Asian stocks close higher as Wall Street’s gains support sentiment
Most Asian stocks closed higher on Friday, with positive sentiment partially driven by gains seen on Wall Street…
European markets close higher to secure longest weekly winning streak in 3yrs
European markets finished the week higher on average to post the longest weekly winning streak in three years.…
Dow posts 7-day winning streak and biggest weekly gain since March
The Dow Jones industrial average rose on Friday as Wall Street booked a week of solid gains following a strong…
Egypt to reduce budget deficit by 6.2% in FY2019/20: CBE
Egypt's government is targeting to cut the budget deficit by 6.2 percent of the country’s total gross domestic…
Sisi discusses Ethiopian dam, bilateral projects with Uganda president
Egypt's President Abdel Fattah al-Sisi said Tuesday that he had stressed to his Ugandan counterpart Yoweri Museveni…
IMF warns of increasing African debt despite faster economic growth
Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits,…