Cocoa, coffee to lead global commodity gains in 2024
Cocoa and coffee are poised to become the top-performing commodities for 2024, driven by global supply deficits,…
Browsing Tag
Losses
Global property reinsurance rates to drop for 2024
Global property catastrophe reinsurance rates are expected to decline by 5 per cent to 15 per cent on January 1 for…
Egyptian billionaire’s investment bank Beltone narrows six-month losses by 69.5%
Beltone Financial Holding, the Egyptian investment bank owned by billionaire Naguib Sawiris, reported on Sunday a…
Egypt’s airports see losses of EGP 696 million due to coronavirus
Egypt’s airports have seen massive losses worth around 696 million Egyptian pounds ($43 million) during the past…
Global airline industry seen losses of $84 billion in 2020 – IATA
The global airline industry is expected to incur losses worth $84 billion in 2020 and then an additional $15…
Egypt’s stock exchange incurs losses in May, EGX 30 tumbles 3.16%
Egypt’s stock exchange (EGX) incurred in May substantial losses with its main index EGX 30 making a monthly fall of…
Oil slips, extending losses into second session as US stocks jump
Oil declined on Thursday, extending losses into a second session, after widely watched data showed a surprising…
Egypt’s railways loses $558mn in FY2018: Finance Ministry
Egyptian National Railways Authority's losses reached 10 billion Egyptian pounds ($558 million) during the…
Oil opens 2019 with losses on surging supply, signs of economic slowdown
Oil dropped by around one percent in 2019′s first trading on Wednesday, pulled down by surging U.S. output and…
State-run Egypt Gas eyes 8% growth in 2019 profits
Egypt Gas Company targets an eight-percent surge in its profits to 26.57 million Egyptian pounds ($1.5 million) at…
Dow closes lower after swinging over 500 points in another volatile session
The Dow Jones Industrial Average closed lower on Tuesday after alternating between gains and losses throughout the…
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…
European markets fall over 1% amid rising trade war fears
European markets posted sharp losses on Wednesday afternoon, as resurgent trade worries worsened investor fears…
Egypt’s Orascom Construction 9-month profits rise 44.96%
Egyptian Orascom Construction's nine-month profits rose 44.96 percent to $119.3 million from $82.3 million last…
Dollar falls as Fed’s Powell says US rates near neutral
The dollar extended its overnight losses on Thursday after Federal Reserve Chairman Jerome Powell said U.S.…
Oil rises after nearly 8% Black Friday plunge
Oil won back some ground after hefty losses on Friday, but remained under pressure with Brent crude below $60 per…
Orange Egypt expects to avoid losses in 2019
Orange Egypt no longer forecasts that it will achieve losses next year, according to the company’s CEO Yasser…
European markets close sharply lower; Germany’s DAX falls 1.6%
European markets moved sharply lower Tuesday, extending the latest wave of global selling.
Asian stocks mostly lower as investors trade cautiously after Wall Street slump
Asian stocks were broadly lower on Wednesday afternoon amid shaky investor confidence after steep losses on Wall…
Dow plunges about 400 points as Apple, Amazon, Facebook fall
U.S. stocks dropped sharply on Monday as the biggest and most popular technology stocks plunged. Facebook and Apple…
Egypt’s Orascom Investment profit rise 346% in nine months
Egypt's Orascom Investment Holding reported on Thursday a 346 percent surge in its profits to 1.07 billion Egyptian…
S&P 500 falls for a fifth straight day as Apple and bank shares struggle
U.S. stocks fell on Wednesday as shares of Apple rolled over and dipped briefly into a bear market before…
Dow falls in wild session as Wall Street fails to recover from sharp losses
U.S. stocks fell in volatile trading on Tuesday, failing to regain their footing after suffering steep losses in…
Asian markets retrace some losses; oil closely watched after OPEC warns on output
Asian markets retraced some of their early losses Monday morning but investors remained wary about global risks…
European equities seen higher; oil in focus
European equities are expected to open higher on Monday taking cue from global market sentiment.
Dow drops 200 points on worries about slowing global economic growth
U.S. stocks fell on Friday as further losses in oil prices sparked fears of a global economic slowdown, but the…
Oil falls amid supplied market, Iran sanction exemptions
Oil fell on Wednesday, extending losses from the previous session, with markets well supplied amid rising…
Egyptian Exchange down 9% in October
A downwards trend dominating emerging markets and global bourses took its toll on the Egyptian Exchange (EGX) in…
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…
Oil falls on signs of rising supplies, ebbing confidence on global economy
Oil prices fell early on Thursday, extending losses in previous sessions, amid signs of rising supply and growing…
Asia trades mostly higher following turbulent morning
Asia traded mostly higher Wednesday afternoon, following a turbulent morning session where stocks seesawed between…
Oil prices claw back previous losses as Iran sanctions return to focus
Oil prices on Wednesday clawed back some of their hefty losses from the day before as the looming U.S. sanctions…
Shares in Europe seen higher on corporate earnings; Italy, Brexit remain on radar
Shares in Europe are poised for a higher open Monday morning as investors focus on earnings and sentiment bounces…
Gold stays near two-and-a-half month high as risk aversion lends support
Gold prices held steady on Tuesday near last session's 2-1/2-month high as risk-averse investors sought refuge in…
US stocks fall, led by tech, as Wall Street fails to bounce back from last week’s…
A decline in tech shares pushed the major indexes lower on Monday as Wall Street tried to regain its footing after…
Saudi stock market recovers some losses, most of Gulf inches up
Saudi Arabia’s stock market partially recovered early on Monday from steep losses triggered by the disappearance of…
Gold pulls back from 2-month highs as stocks rebound
Gold prices fell on Friday, retreating from more than two-month highs hit in the previous session, as global equity…
Dow bounces back 287 points Friday, but still loses 4% on the week
U.S. stocks rose in volatile trading on Friday, but still posted sharp losses for the week as investors fretted…
European stocks set for triple-digit losses as Wall Street sell-off grips global markets
European stocks are set to open sharply lower on Thursday, as a sell-off in U.S. equities dragged down global…
Oil extends losses as other markets fall, inventories rise
Oil prices fell to two-week lows on Thursday as they extended big losses from the previous session amid a rout in…