Egypt to establish Joint-stock Firm to add Power Production Units
The economic minister agreed Monday to establish a new joint-stock Egyptian company responsible for adding power…
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US Dollar up on rising yields; Euro down on Athens Wariness
The U.S. dollar rose Tuesday, underpinned by rising U.S. Treasury yields and prospects for interest rate increases,…
Oil reverses Losses as Gasoline, Heating Oil surge
Oil turned sharply positive Tuesday as heating oil and gasoline surged. Prices fell earlier in the session as the…
Gold set for lowest Close in nearly a week on Greek optimism
Gold futures headed lower Tuesday, as expectations Greece could strike a deal with its creditors and avoid default…
Europe Stocks close higher as hopes for Greek Deal rise
European equities ended higher Tuesday as the countdown to a potential debt deal between Greece and its creditors…
US Stocks briefly hit new Intraday high; data, Greece eyed
U.S. stocks traded in a narrow range Tuesday as investors digested mixed economic reports for indications on the…
ECB raises Emergency Funds for Greece as backlash grows
The European Central Bank increased its funding lifeline to Greece's banks again Tuesday, sources with direct…
Egypt Stocks fall as Ramadan weighs on Arab Selloffs
Stocks incurred losses worth 2.5 billion Egyptian pounds (US$327.6 million) on Arab investors’ selloff Tuesday, the…
Fitch assigns B(EXP) Rating to National Bank of Egypt’s USD Bond
Fitch Ratings assigned the National Bank of Egypt's upcoming US dollar senior unsecured bond an expected rating of…
Arab Contractors completes Kuwait Key Road Project in 2016
The leading Cairo-based construction firm, Arab Contractors is to finalise next year a road project in Al-Jahra, 32…