EGX closes on green note on Jan. 24
Egypt’s stock market closed in the green on Wednesday. The main index EGX30 rose by 0.29 per cent to 27,666.18…
Puma shares drop to lowest in 6 yrs
Puma, the German sportswear giant, posted a drop of over eight per cent on Wednesday, its lowest since 2018,…
Egypt’s SCZone reports significant growth in port traffic in 2023
The Suez Canal Economic Zone (SCZone) announced that their ports experienced significant activity in 2023,…
Egypt transfers ownership of 13 closed govt. buildings to sovereign fund
Egypt approved moving the ownership of 13 governmental buildings to The Sovereign Fund of Egypt (TSFE), according…
Hedge fund billionaire Bill Ackman, wife buy 4.9% stake in Tel Aviv Stock Exchange
Hedge fund billionaire Bill Ackman and his wife Neri Oxman have bought a 4.9 per cent stake in the Tel Aviv Stock…
China cuts bank reserves to boost liquidity
The People's Bank of China (PBOC) will reduce the Reserve Requirement Ratio (RRR) for all banks by 50 basis points…
Egypt seeks Asian investment opportunities – minister
Egypt’s finance minister, Dr. Mohamed Maait, said at the Asian Financial Forum in Hong Kong that Egypt is keen to…
Egyptian fund offers marketing support for SMEs
Egypt’s Social Fund for Development (SFD) announced it is offering full marketing support to uplift the small…
S. African inflation falls to 5.1% in Dec.
South Africa's annual consumer price inflation pulled back to 5.5 per cent in December, from 5.5 per cent in…
Gold steady in early Wednesday trade
Gold recovered its early losses on Wednesday, as U.S. dollar declined from a six-week high and investors awaited…
