Stocks close at record highs after Fed signals it will raise rates in December
U.S. stocks closed higher on Wednesday after the Federal Reserve released a summary from its previous meeting that…
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Financial Services
UK banks call for mutual recognition agreement with EU after Brexit
Britain and the European Union should accept each other’s rules governing financial services in a “flexible”…
Egypt’s Pharos eyes running two IPOs on Cairo bourse in H2-2016
Egypt’s investment bank, Pharos Holding is working on two initial public offerings (IPOs) on Cairo bourse that are…
663 New Firms Founded in Egypt during September, Mostly in Sharqia
In October, around 663 new companies have been created in Egypt, totalling EGP 699.4 million in issued capitals, a…
Saudi Banks Most Profitable In Middle East
Out of the top 50 banks in the Middle East ranked by assets for the period H1 2011, Saudi banks lead the pack…
Standard Chartered Reaches $340 Million Settlement Over Iran
Standard Chartered Plc agreed to pay $340 million to New York's bank regulator over transactions linked to Iran, in…
Telecommunication Sector Tops EGX’s Weekly Volume of Trades
During the last week’s trading, Telecommunication Sector topped the most active EGX’s volume of trades as it has…
