U.S. Stocks Advance On Leading Indicators, Sentiment Data
U.S. stocks advanced, putting the Standard & Poor’s 500 Index on track for its fourth straight week of gains,…
Egypt Set For Friday Mass Rallies In Support Of Anti-Morsi Petition
Several Egyptian political forces have called for a series of protests in support of an anti-Morsi petition drive —…
Egypt’s Morsi Summons Ministers Over Kidnappings
Egyptian President Mohamed Morsi on Thursday summoned his defence and interior ministers over the kidnapping hours…
Egypt’s GB Auto Boosted By Record Sales Revenues
Egyptian vehicle assembler and distributor GB Auto said on Thursday that its first quarter net income surged 160.1…
New Egypt Central Bank Ruling A Blow For Local Money Market Funds
Egypt's central bank, worried that banks are investing too much of their cash in local money market and fixed…
David Beckham Set To Retire From Football
David Beckham says he will retire from professional football at the end of the season. The 38-year-old Beckham,…
Egypt Bourse Benchmark Ends This Week Below 5430 Pts
Driven by foreign selling pressures, Egypt bourse has ended this week incurring losses of EGP 847 million. The EGX…
Citadel Capital Managing Director Discusses Emerging Markets Opportunities and…
Hisham El-Khazindar, Co-Founder and Managing Director of Citadel Capital, took part in a panel on emerging market…
US Dollar Crosses Borders Of EGP 7
On Thursday, the US dollar rose once again, crossing the borders of 7 Egyptian pounds. The US currency has broken a…
CIB Reports EGP 655 Mln Net Profit In Q1 2013
The Commercial International Bank (CIB) achieved net profit of EGP 655 million at the end of the first quarter of…