Egypt prioritises staples, medicines FX needs
Egyptian Prime Minister Dr. Mustafa Madbouly has ordered a restriction on various commodities in customs to…
Browsing Tag
market
Gulf’s real estate to grow in H1 2024 – Markaz
The Gulf real estate sector will grow in the first half of 2024 due to increasing demand and government policies…
Saudi stock market sees biggest daily fall in nearly two months
Saudi Arabia's stock market fell sharply on Sunday, snapping three sessions of gains as the prospect of more…
US stock market sharply higher as virus fears abate
U.S. stock index futures were sharply higher on Tuesday morning as fears ease over an economic fallout from the…
Egypt market’s annual growth rate of consumption hits 12.5%
Egypt is a promising market for investors due to its wide customer base of 100 million, secretary-general of the…
Saudi-Egypt power network in ‘final’ stages: official
Saudi-Egypt power grid link has reached an advanced stage, Saudi Press Agency reported, citing Abdullah Al-Shehri,…
US stocks headed for new highs again while rest of the world’s stock market…
The U.S. stock market is well on its way to better-than-average gains this year, but a quick glance at overseas…
Oil prices drop as market awaits Trump’s Iran decision
Oil prices retreated from three-and-a-half-year highs on Tuesday as investors waited on an announcement by U.S.…
Samsung Electronics flags mobile weakness as chips power record first-quarter profit
Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it…
Dollar steadies as Syria woes give way to lingering trade concerns
The dollar steadied on Tuesday as the market's focus shifted back to U.S. trade policy as investors wagered…
Cairo bourse surges 17% in Q1-18
The Egyptian Exchange (EGX) made new leaps during the first quarter of 2018. EGX30 gained 16.19% or 2,431.01 points…
Oil firm on surprise US crude inventory draw, OPEC-led cuts
Oil prices were firm on Thursday, buoyed by a surprise decline in U.S. crude inventories as well as ongoing supply…
Egypt invests $826 mln in the Emirati market: Al Wakil
The Egyptian investments in the Emirati market has increased to $826 million, Ahmad Al Wakil the head of Egyptian…
Oil prices set for weekly drop as concerns about rising supply weigh
Oil prices were set to fall this week, with both benchmarks dropping slightly on Friday, on concerns among…
Days of Egyptian pound’s stagnation numbered: Bloomberg
Financial news website Bloomberg reported on Monday that the days of the stagnation of the Egyptian pound may be…
Dollar hits 15-month low vs yen, some see further slide
Dollar prices extended its losses against the yen and hit a fresh 15-month low on Thursday, with market…
Oil extends gains on Saudi commitment to cut, weak dollar
Oil prices on Thursday extended gains from the previous session, pushed up by a weak dollar and by comments from…
European stocks close lower amid global market turmoil; Amundi slips 6%
European stocks closed lower Friday, as investors monitored global concerns about soaring volatility and rising…
Dollar holds ground as euro comes under pressure
Dollar prices were off recent lows against major rivals on Thursday, benefiting from the euro's weakness and…
Egypt’s real estate sector contributes 15% to GDP in first 9 months of 2017
Egypt’s real estate sector contributed 15 percent to the country’s gross domestic product (GDP) within the first…
A steel factory was open in Egypt’s 6th October City, says Qabil
Egypt's Minister of Trade and Industry Tarek Qabil has inaugurated Saturday el Jiyashi steel factory in Sixth of…
Egypt’s Cabinet approves signing 30mn pounds contract due to drug shortages
Egypt's Minister of Housing and Health, Ahmed Emad, stated, on Wednesday, that the ministerial Cabinet has given…
Stocks finish at record highs, S&P 500 has best start to a year since 1987
U.S. equities rose to record highs on Tuesday as investors remained optimistic about the market heading into the…
Recession hits Egyptian gold market
The gold price climbed 7 Egyptian pounds domestically on Saturday, driven by global price hikes, amid a state of…
US oil edges up after drop in crude inventories, but soaring output weighs
Oil prices inched up on Thursday on a decrease in U.S. crude inventories, but rising gasoline stocks and crude…
Oil dips on rising US fuel stocks, but OPEC’s supply cuts offer support
Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market…
Saudi stocks edge up, Qatar soft in early trade
Saudi Arabia’s stock market edged up in early trade on Thursday while Qatar’s bourse softened, as regional trade…
Oil prices firm on expected OPEC cut extension
Oil prices firmed on Wednesday after a reported fall in U.S. crude inventories and on expectations that an OPEC-led…
Europe ends under pressure as commodities slump, mixed earnings weigh on sentiment
European equities came off their session lows, yet failed to end Wednesday's trade on a positive note, as market…
Saudi stocks continue slide but rest of region starts to stabilise
Saudi Arabia’s stock market continued to fall in early trade on Wednesday because of concern about the economic…
Oil stable as US crude inventories fall despite rising production
Oil prices held steady on Thursday as U.S. crude inventories fell despite a rise in production, while outside the…
Gulf stays sluggish but Saudi’s PetroRabigh surges on strong results
Saudi Arabia’s stock market stayed soft in early trade on Tuesday despite a big rebound by petrochemical company…
Petchems, Saudi Telecom lift Riyadh and other bourses quiet
Petrochemical stocks and an earnings beat by Saudi Telecom Co boosted Riyadh’s stock market early on Sunday while…
Dollar firms to 2-week high vs yen, bolstered by rising US yields
Dollar prices hit its highest in about two weeks against the yen on Thursday, supported by this week's rise in…
Egypt and India continue supporting Russian milling wheat market
The Russian milling wheat market featured mixed price trends this past week. Export prices for Russian milling…
Saudi stocks edge up on stable insurers, no earnings boost for QNB
Saudi Arabia’s stock market staged a modest rebound early on Thursday as insurance stocks stabilised, while solid…
Saudi stock may be hurt, Kuwait uninspired by FTSE’s index decisions
Saudi Arabia’s stock market may fall on Sunday after index compiler FTSE decided to delay including Riyadh in its…
North Korea missile launch weighs on Asia markets, dollar gains
Indexes in Asia closed mixed on Friday after North Korea launched a missile in the direction of the east, although…
Over five million Egyptians using OLX on a monthly basis in H1
OLX Egypt, the classifieds platform in Egypt, revealed the detailed property market trends report for the first…