No new hikes in Egypt’s electricity prices until July – minister
Egyptian Electricity Minister Mohamed Shaker announced on Monday that there will be no increased in electricity…
Browsing Tag
Hike
Bilateral trade with Egypt, China sees 26.7% hike in 8 months
Bilateral trade between Egypt and China has witnessed a 26.7 percent annual increase in the first eight months of…
Gold prices steady ahead of Fed rate hike decision
Gold prices drifted in a narrow range on Wednesday as investors awaited cues of the U.S. Federal Reserve's two-day…
Stocks close lower after Fed hikes rates, upgrades economic outlook
U.S. stocks whipsawed on Wednesday after the Federal Reserve upgraded its economic outlook and increased interest…
European markets seen mixed as Fed considers interest rate hike
European markets are set to open mixed on Wednesday morning, as investors await a likely hike in U.S. interest…
Gold inches lower ahead of key US data
Gold prices crept lower on Tuesday on a firmer dollar as investors waited for U.S. consumer price data due later…
Asian stocks advance following sharp US gains; yen firms
Asian stocks advanced on Thursday, taking cues from the rally on Wall Street following the release of…
Asia markets trade lower; major indexes in Japan, South Korea, Australia and China fall
Asian markets fell across the board on Monday, following a sharp decline in U.S. stocks on Friday on a…
Egypt eyes 15% rise in food industries exports this year: FEC
Egypt targets between 10 and 15 percent increase in its food industries exports to reach $3.45 billion by 2018, the…
Dollar on defensive after Fed leaves rate outlook unchanged
The dollar remained on the defensive on Thursday, having tumbled after the Federal Reserve raised interest rates…
Egyptian state-run construction firms’ business volume rises to 24bn pounds
Number of Egypt’s state-owned construction firms increased its business volume to 24 billion Egyptian pounds ($1.3…
Gold prices inch up from near 5-month low ahead of Fed meeting
Gold prices were slightly higher on Tuesday, just up from its lowest in nearly five months in the previous…
Gold prices nudge up ahead of Fed meeting minutes
Gold prices inched up early on Wednesday as investors remained cautious ahead of the release of minutes from the…
Gold prices steady, but Fed rate hike concerns weigh
Gold held steady on Monday, but hovered near a one-week low hit in the previous session, as largely upbeat U.S.…
Sterling inches higher after worst day since Brexit vote aftermath
Sterling rebounded modestly on Friday after its biggest one-day fall since the week after June 2016’s Brexit vote,…
Egypt Gas approves to hike natural gas price to 800 pounds per consumer
State-run Egypt Gas Company approved Sunday to increase the price of natural gas to home consumers to reach 800…
Uproar in Egypt over hike in mobile recharge cards
Egyptians are angry over a government decision to ratify a 36-percent devaluation of mobile phone balance recharge…
Gold slips to near 7-week low as dollar firms
Gold prices edged down to a 7-week low on Tuesday, as equities and the dollar were buoyed in Asian trade by upbeat…
Gold prices drop to lowest in nearly 7 weeks as dollar and US equities gained
Gold slipped to its lowest in nearly seven weeks early on Monday as the U.S. dollar rose and equities gained,…
Dollar prices struggle on policy uncertainty, political woes
U.S. dollar struggled on Monday, wallowing near a 2-1/2-year low against the euro, weighed down by U.S. political…
Egypt’s CIB approves capital hike through bonus shares
The ordinary general meeting (OGM) of Commercial International Bank- Egypt (CIB) has approved raising the…
Pharmacists Syndicate of Egypt postpones strike
Egypt's Pharmacists Syndicate postponed on Saturday for two weeks a partial strike at pharmacies initially…
Brent hike, flotation eat 91% of fuel subsidies in H1 of FY 2016-17
The Ministry of Petroleum began reviewing fuel subsidy allocations for the current fiscal year (FY) 2016/2017 to…
Home appliances prices hike by 25%; Egyptian chamber head says
The average prices of all home electric appliances in Egyptian markets hiked by 25 percent following government's…
Egypt’s leather exports to hit $800m after finishing Al Robeky zone: minister
Egypt's total exports of leather products is expected to hike from US$170 million to US$800 million annually after…
Petroleum product subsidies to hit $5bn in Egypt’s FY2016-17 budget
The total volume of Egyptian subsidy on petroleum products is set to be raised to around 64 billion Egyptian pounds…
Local autos prices to jump 50% amid floating Egyptian pound: official
The prices of local and imported automotives would be increased by 50 percent and 15 percent respectively due to…
Trade ministry designs a strategy to hike Egyptian exports in 5 years
Egyptian trade ministry is currently designing a strategy to double the volume of state's exports during the coming…
Egypt’s exports to Turkey hike by 9.3% in six months: CAPMAS
Egyptian exports to Turkey reached 5.2 billion Egyptian pounds (US$585.5 million) during the first half of 2016…
Asia stocks hit 1-year high as soft U.S. data quells Fed hike talk
The dollar tumbled and Asian stocks rose to one-year highs on Wednesday after surprisingly weak U.S. services…
Asia shares rally as U.S. job report seen dimming chance of Sept rate hike
Asian shares rallied on Monday after last week's weaker-than-expected U.S. jobs report prompted investors to trim…
Wall Street advances as U.S. payrolls report falls short
U.S. stocks advanced on Friday as a weaker-than-expected payrolls report tamped down expectations for a September…
Dollar hits one-month high vs yen on Fed rate hike bets
The dollar hit a one-month high against the yen on Wednesday as investors reversed bets made against the greenback…
Nikkei rises to over 2-wk closing high on weak yen; Topix hits 6-wk high
Japanese stocks rose on Wednesday in heavy trade, led by exporters and financials as the dollar stood tall against…
Asia stocks bounce, investors no clearer on Fed
Asian shares bounced modestly on Tuesday as doubts the Federal Reserve would hike interest rates next month…
Wall Street rises as hawkish Fed boosts financial stocks
Wall Street rose on Monday morning, helped by financial stocks that gained a day after Federal Reserve Chair Janet…
Nikkei surges to 1-1/2 week high after Yellen’s speech, weak yen
Japanese stocks surged to 1-1/2-week highs on Monday as the yen weakened after U.S. Federal Reserve Chair Janet…
Dollar rallies, U.S. stocks fall as Fed shakes ‘complacent’ markets
U.S. stocks closed lower in choppy trading and the U.S. dollar surged on Friday as investors grappled with the…
Wall Street slips in wake of comments by top Fed officials
U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as…
Dollar edges up, as investors wait on Fed, Jackson Hole
The dollar edged up on Wednesday, moving off lows touched against the yen overnight, as markets looked to a…