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Egyptian Exchange briefing 04/07/2023
The Egyptian Exchange closed low on Tuesday with the main index, EGX 30, dropping by -1.13 percent to 17,466.18.
Egypt’s trade balance deficit hikes to 23.8% in April
Egypt's Central Agency for Public Mobilisation and Statistics (CAPMAS) revealed that the trade balance deficit rose…
France fines Google with €2mln over search, app store results
The French authorities imposed a two-million-euro fine on Google on Tuesday over incomplete results in its search…
Yahoo plans to offer its shares again in IPO – CEO
The internet media firm Yahoo is planning to return to public markets as part of a plan to return the Silicon…
Egypt unveils $9 billion new investment in refining, petrochemical projects
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, revealed plans to invest $9 billion in new…
Meta to launch Twitter-like app Threads
Meta Platforms announced on Tuesday that it is planning to launch Threads, a microblogging app, to be a Twitter…
ADNOC Gas awards $1.34bln contracts for new natural gas pipeline
Abu Dhabi National Oil Company (ADNOC) announced on Monday the award of $1.34 billion in contracts to enhance its…
Russia to reduce oil supply in August by 500K barrels per day
Russia will reduce its oil exports by 500 thousand barrels per day (bpd) in August as a global economic slowdown…
Egypt is the largest Air Force in MENA region 2023 – report
Egypt is currently the largest Air Force in the Middle East and North Africa (MENA) region in 2023 according to…
Egypt launches EUG platform to boost petroleum sector
Egypt’s Ministry of Petroleum and Mineral Resources launched on Thursday Egypt Upstream Gateway (EUG), a digital…