USA S&P 500 posts best quarter since 2013 Amwal Al Ghad English Sep 29, 2018 0 U.S. stocks closed little changed as investors wrapped up a quarter that featured strong gains.
forex news Gold prices steady but head for first weekly drop of 2017 Yomna Yasser Jan 28, 2017 0 Gold was little changed on Friday, giving up earlier losses as U.S. equity markets and Treasury yields turned…
forex news Gold prices steady but head for first weekly drop of 2017 Yomna Yasser Jan 28, 2017 0 Gold was little changed on Friday, giving up earlier losses as U.S. equity markets and Treasury yields turned…
Sports Egypt reaches Africa Cup quarter-finals nada nasser Jan 26, 2017 0 Egypt reached the Africa Cup of Nations quarter-finals as Group D winners with a 1-0 win over already qualified…
World European markets close lower amid concerns over Trump’s protectionism Yomna Yasser Jan 24, 2017 0 European markets closed lower on Monday after U.S. President Donald Trump took office and promised to pursue a…
Industry & Trade Dairy maker Domty to finish 2016 investment plan in Q2 of 2017 Noha Gad Jan 21, 2017 0 Egyptian dairy maker Arabian Food Industries Company-Domty is scheduled to finish its investment plan within the…
Egypt News Egypt’s economic growth rate up to 3.4% in Q1 of 2016/17 Noha Gad Jan 10, 2017 0 Egypt's economic growth rate registered 3.4 percent of the Gross Domestic Product (GDP) in the first quarter of…
forex news Dollar edges back towards 14-year peak as US debt yields rise Yomna Yasser Jan 4, 2017 0 The dollar moved back towards a 14-year peak on Wednesday as U.S. debt yields resumed climbing, giving a lift…
Banks Egypt’s FDI up 36% in Q1 – CBE Noha Gad Jan 1, 2017 0 Net foreign direct investments (FDI) in Egypt increased by 36% in the first quarter of the fiscal year 2016-2017,…
Banks BoP registers surplus of $1.9 billion in Q1 2016/17: CBE Noha Gad Dec 31, 2016 0 Egypt's overall balance of payments (BoP) registered a surplus of $1.9 billion in the first quarter of the current…
Tech news Uber incurred more than $800 million in third quarter 2016 Ghada Ismail Dec 20, 2016 0 Privately held ride-hailing company Uber Technologies Inc lost more than $800 million in the third quarter,…
Industry & Trade Khalda Petroleum cuts cost of oil produced from Apache concession to $4.5/barrel Noha Gad Dec 6, 2016 0 Khalda Petroleum Company has reduced the cost of oil produced from the Apache concession area in the western desert…
Industry & Trade Egypt ceramic maker Royal to launch new plant in Obour in Q1 2017 Noha Gad Nov 13, 2016 0 Egyptian ceramic manufacturer Royal Company for Ceramics Industry targets launching its new factory in 1st…
Industry & Trade Budget deficit lowered 2.4% in Q1 of Egypt’s FY2016/17 Noha Gad Nov 8, 2016 0 Egypt's budget deficit in the first quarter of 2016/17 narrowed to 2.4 percent from 2.8 percent in the same period…
Tech news Microsoft shares higher again as cloud focus pays off Ghada Ismail Oct 22, 2016 0 Microsoft Corp said sales of its flagship cloud product doubled through its first quarter, propelling earnings…
Industry & Trade Delta Air Lines Q3 profit tops estimates Noha Gad Oct 13, 2016 0 Delta Air Lines Inc (DAL.N) on Thursday reported a third-quarter profit that topped expectations and said moves to…
MENA News IS ‘loses more than a quarter of its territory’ in Syria and Iraq Ghada Ismail Oct 9, 2016 0 So-called Islamic State (IS) has lost more than a quarter of the territory it once controlled, new data shows.…
EGX Qalaa’s revenues rose 11pct in Q2 of 2016 Noha Gad Oct 8, 2016 0 The total revenues of Egypt’s Qalaa Holdings, an African leader in energy and infrastructure, witnessed an increase…
Industry & Trade German-Egyptian trade volume hits £1.2bn in Q1 2016 Noha Gad Oct 5, 2016 0 The volume of trade exchange between Egypt and Germany fell by 2.7 percent during the first quarter of 2016. The…
Industry & Trade Gold production from Sukari Mine rises 41%: Centamin Egypt Noha Gad Oct 5, 2016 0 Gold mining company Centamin Egypt announced Wednesday preliminary production results for the third quarter of 2016…
International News Japan Q2 GDP growth revised up slightly Noha Gad Sep 8, 2016 0 Japan's economy grew faster over April-June than initially estimated, the Cabinet Office said on Thursday, with…
Real Estate Mortgage dues in UK at lowest level since records began 20 years ago aya salah Aug 14, 2016 0 The number of mortgages in arrears in the UK continued to fall in the second quarter of this year and is now at its…
Industry & Trade Weak U.S. retail sales, inflation data dim prospect of Fed rate hike Noha Gad Aug 13, 2016 0 U.S. retail sales were unexpectedly flat in July as Americans cut back on discretionary spending, pointing to a…
Sports Egyptian Rowers Nadia Negm and Abdel Khalek Elbana Reach Quarter Finals at Olympics Ghada Ismail Aug 7, 2016 0 Egyptian rowers Nadia Negm and Abdel Khalek Elbana both reached the quarter finals in their respective rowing…
Industry & Trade Berkshire profit up 25 percent as insurance helps, BNSF weighs Noha Gad Aug 6, 2016 0 Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance…
Real Estate NUCA to finish infrastructure and utilities for 30,000 feddans by 2017 aya salah Aug 3, 2016 0 Egypt’s New Urban Communities Authority (NUCA) will complete the implementation of infrastructure and utilities to…
Tech news Alphabet and Amazon wind up stellar quarter for big tech Ghada Ismail Jul 30, 2016 0 Google parent Alphabet Inc and e-commerce giant Amazon.com Inc capped a blockbuster June quarter for the five…
Tech news Apple sells more iPhones than expected, shares surge after hours Ghada Ismail Jul 27, 2016 0 Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current…
Industry & Trade Executed investments in Egypt hit $10bn in Q3 of FY2015/16- planning ministry Noha Gad Jul 25, 2016 0 The total volume of investments executed in Egyptian market during the third quarter of fiscal year 2015-16 rose by…
Industry & Trade Australia Q2 inflation to make or break case for rate cut Noha Gad Jul 25, 2016 0 Australian inflation likely braked to all-time lows in the second quarter, if analyst forecasts prove right,…
Tech news Lenovo wins world’s no.1 PC company one more time Ghada Ismail Jul 20, 2016 0 IDC and Gartner announced this week their worldwide PC market share rankings for the 2nd quarter of 2016. Lenovo…
Financial Institutions Bank of America sets new cost target under pressure from low rates Noha Gad Jul 19, 2016 0 Bank of America Corp (BAC.N) reported a 19 percent drop in second-quarter profit on Monday and set a new expense…
Real Estate China Q2 residential land prices increase more than in first-quarter: ministry Ghada Ismail Jul 17, 2016 0 China's residential land prices rose faster in the second quarter than in the previous three months, while those…
Industry & Trade China Q2 economic growth seen cooling to 6.6 %, weakest in seven years Noha Gad Jul 11, 2016 0 China's economic growth likely cooled to a fresh seven-year low of 6.6 percent in the second quarter as the…
Industry & Trade Ezz Dekheila Steel swings to losses in three months Ghada Ismail Jul 4, 2016 0 AL Ezz Dekhela Steel – Alexandria (IRAX.CA) suffered notable losses in the first quarter of the…
MENA News Saudi economic growth slowest in three years as austerity bites Noha Gad Jul 3, 2016 0 Saudi Arabia's economy expanded at its slowest rate in three years during the first quarter of 2016 as low oil…
International News China foreign debt falls as yuan depreciation fears resurface Noha Gad Jun 30, 2016 0 China's outstanding foreign debt fell by $51.7 billion in the first quarter to $1.36 trillion, the foreign exchange…
Industry & Trade Egypt rubber exports drop 29% in Q1 2016 Noha Gad Jun 23, 2016 0 Egypt's exports of rubber products declined by 29 percent to 146.6 million Egyptian pounds (US$16.5 million) in…
Industry & Trade Egypt’s Juhayna to manufacture European dairy maker Arla Foods products in Q4 Noha Gad Jun 21, 2016 0 Egyptian dairy maker Juhayna for Food Industries plans to start manufacturing some products of European leader in…
Industry & Trade Egypt’s chemical exports drop by 10% in Q1- report Noha Gad Jun 15, 2016 0 Egyptian chemical exports declined by 10 percent during the first quarter of 2016 to 226.9 million Egyptian pounds…