Palladium falls to 5-week low as investors book profits after stellar run
Palladium fell to more than 5-week low on Thursday, a day after posting its steepest drop in over two years, as…
Browsing Tag
drop
Egypt’s El Shams Housing sees 30% fall in 2019 profits
Egypt’s state-run El Shams for Housing and Development expects a 30 percent drop in its profits to reach 150.36…
Dow erases 500-point drop, closes higher in another wild session on Wall Street
U.S. Stocks rose on Monday, erasing sharp losses from earlier in the day, as shares of technology companies posted…
Dollar slips after weak jobs report, set for biggest weekly drop in 2 months
The U.S. dollar fell after the weaker-than-expected monthly job report was released, suggesting the Federal Reserve…
Dow falls over 150 points, posts worst Thanksgiving week decline since 2011
U.S. stocks fell on Friday as some of the most popular technology shares were under pressure once again, while a…
Most Gulf markets down as oil slump weighs on petrochemicals, financials
Most Gulf markets were weak in early trade on Sunday, hurt by a sharp drop in oil prices which also rattled global…
US stocks rise to cap off wild Oct., S&P 500 posts biggest monthly loss since 2011
U.S. stocks rose sharply on Wednesday for a second straight day as strong earnings from General Motors and Facebook…
Dow erases gains for 2018, tumbles over 600 points as stocks extend Oct. swoon
U.S. stocks plummeted on Wednesday as a sharp drop in tech shares and worries about corporate earnings added fuel…
Dollar tenses for yuan fix as China eases policy
The dollar got off to a tense start on Monday as investors waited to see if China would follow an easing in…
Egypt’s Raya Holding first half profits fall 69.2%
Egypt’s Raya Holding Company for Technology and Telecommunication posted on Wednesday a 69.2 percent drop in its…
Dollar hits another 13-month peak on continuing concerns over Turkey
The dollar hit another 13-month high against a basket of major currencies on Wednesday as safe-haven demand rooted…
Oil prices rebound slightly after heavy declines over trade dispute
Oil prices rebounded on Thursday after heavy losses in the previous session that came as the China-U.S. trade…
US crude falls 1.3%, recording $68.69, posting fourth straight weekly drop
Oil prices fell on Friday, weighed down by a drop in the U.S. stock market, but drew support from easing trade…
Oil prices fall on signs of ample supply despite OPEC cuts, Iran sanctions
Oil prices drop on Wednesday, weighed down by ample supplies despite ongoing output cuts by producer cartel OPEC…
Union National Bank-Egypt Q1 profits fall 23.6%
Union National Bank-Egypt (UNB) reported Sunday a 23.6 percent drop in first-quarter net profits, reaching 60.04…
Egyptian Exchange posts highest weekly decline in 2yrs
The Egyptian Exchange (EGX) was affected by the rising regional geopolitical risks during the week ended 10 May,…
Egypt’s tycoon Sawiris may have caused a drop in EGX- Analysis
Egyptian Exchange (EGX) lost more than 460 points, equivalent to 2.54 percent in the last two sessions, which might…
Asia markets slump amid rising yield worries; Dollar holds steady
Markets in Asia traded lower on Wednesday, following an overnight drop in U.S. stocks as investors worried about…
Oil prices rise on lower US drilling activity
Oil prices rose on Monday, lifted by a drop in U.S. drilling activity as well as by expectations that the United…
Oil prices rise on reduced US drilling activity, booming job market
Oil markets climbed on Monday on the back of a drop in the number of U.S. rigs drilling for more production and as…
Dow drops 177 points on rising rate fears in biggest decline of the year so far
U.S. stocks posted the biggest drop of this young year after the 10-year treasury yield shot higher, raising…
Oil prices rise on decline in US drilling, Syria conflict
Oil prices climbed on Monday, pushed up by a drop in U.S. drilling activity and by fighting in Syria between…
Dollar bruised by worries over China’s stance on US bonds
Dollar prices nursed losses against the yen on Thursday, having suffered its biggest one-day drop in nearly eight…
Dollar falls to end worst year since 2003, bitcoin soars
Dollar prices fell to its lowest in over three months against a basket of major currencies on Friday, on track for…
Oil prices climb on expected drop in US crude stocks
Oil markets nudged higher on Tuesday, buoyed by expectations of a drop in U.S. crude stockpiles and after last…
Egypt’s Orascom Construction Q3 net profit falls to $23.5 million
Egypt's Orascom Construction Company (OC) reported Tuesday a drop in its third-quarter net profit to $23.5 million…
Egypt’s Arab Aluminum 9-month profit drops to 2.3mn pounds
Egypt-based Arab Aluminum Company’s (AAC) nine-month net profit after tax fell to 2.3 million Egyptian pounds…
Egypt’s Global Telecom Holding Q3 profits narrow to $7 million
Egypt’s Global Telecom Holding Company (GTH), previously Orascom Telecom Holding, reported Thursday a drop in its…
Egypt’s SAIB Bank net profit falls to $5.3 million in Q3
Third-quarter net profit of Societe Arabe Internationale de Banque (SAIB), the first joint Arab Bank working in…
Goldman Sachs predicts bitcoin can run past $7,900
Goldman Sachs expects bitcoin will hit new records, despite a roughly $600 drop in the digital currency from…
Misr Kuwait Investment and Trading 9-month profit falls to 168,092 Egyptian pounds
Egypt’s Misr Kuwait Investment and Trading Company (Meatello) reported Sunday a drop in its nine-month net profit…
Apple could drop Qualcomm components in next year’s iPhones, iPads: sources
Apple Inc has designed iPhones and iPads that would drop chips supplied by Qualcomm Inc, according to two people…
Zahraa Maadi 9-month profits narrow to 103.5 mln Egyptian pounds
Egypt’s state-owned Zahraa Maadi Investment and Development Company reported Tuesday a drop in its nine-month net…
Egyptian exports to Kenya jump 30% in H1
Egypt racked up $170 million worth of exports to Kenya during the first half of 2017, according to a new…
Egypt’s dairy maker Juhayna reports 12% fall in Q3 net profits
Egypt's Juhayna Food Industries Company reported Sunday a 12 percent drop in its net profits to reach 65 million…
Egypt’s Misr Cement narrows net profit to 60.5mn pounds in 9 months
Egypt’s state-run Misr Cement Company reported Thursday a drop in its net profit after tax to reach 60.5 million…
Real Estate Egyptian Consortium 9-month standalone profits fall to 26mn pounds
State-owned Real Estate Egyptian Consortium company reported Tuesday a drop in its standalone net profits after…
US crude oil settles at $47.48 per barrel, down over 3%
Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful…
Western Digital offers to exit Toshiba chip bid for better joint-venture terms
Western Digital has offered to drop out of a bid for Toshiba's lucrative semiconductor business in return for a…
Oil prices steady after overnight tumble
Oil prices steadied in early Asian trade on Tuesday after sharp falls the session before when a stronger U.S.…