Gold holds steady on Wednesday after record highs
Gold prices remained stable on Wednesday after reaching historic highs last week.
Egypt’s c. bank auctions EGP 100b corridor-linked deposits
The Central Bank of Egypt (CBE) is offering corridor-linked deposits for a duration of 35 days, amounting to 100…
Asian shares steady, rate worries remain
Asian shares stabilised on Wednesday after a recent sell-off, as investors remained cautious following a shift in…
IMF lifts global growth forecast to 3.2% in ’24
The International Monetary Fund (IMF) revised on Tuesday the growth forecast upwards to 3.2, reflecting a 0.1…
Honda unveils new EV brand in China by ’27
Honda Motor outlined an ambitious plan to launch six next-generation EVs under the new "Ye" brand by 2027 in China,…
Asia hedge funds surge in Q1
Asia-focused hedge funds kicked off 2024 with a strong performance, capitalising on several key trends during the…
IMF foresees EU ’25 GDP growth at 1.8%
The International Monetary Fund (IMF) released a new report forecasting steady economic growth for the European…
EGP drops against USD on Tuesday
The Central Bank of Egypt (CBE) reported the average closing exchange rates for the US dollar (USD) against the…
US factory production surges in March
US factory production surged in March, buoyed by increased output in motor vehicle assembly and other sectors.
EGX closes mixed on April 16th
Egypt’s stock market (EGX) closed mixed on Tuesday. The main index, EGX30 dropped by 0.73 per cent, to 29,400.84…
