forex news Dollar sags vs yen on lower US yields, ebb in risk appetite Yomna Yasser Dec 29, 2016 0 The dollar sagged against the yen on Thursday, weighed down by U.S. yields slipping to two-week lows and an ebb in…
World Stocks close well off highs; Nasdaq ekes out a record Yomna Yasser Dec 28, 2016 0 U.S. stocks ended slightly higher Tuesday, kicking off the last trading week of the year on a positive note with…
Industry & Trade El Marakby Steel eyes sales of $62mn by late-2016 Noha Gad Dec 27, 2016 0 Egyptian steel maker El Marakby for Steel Group plans to raise its sales volume by 30 percent to hit 1.2 billion…
forex news US crude settles at $53.02, little changed as Libyan output pressures oil Yomna Yasser Dec 24, 2016 0 Oil were little changed on Friday ahead of the Christmas and New Year holiday week as the market waited to see how…
Industry & Trade El Marakby Steel: sales fall 40% on Egyptian pound float move Noha Gad Dec 22, 2016 0 The sales volume of Egypt-based steel maker El Marakby for Steel Group declined by 40 percent following…
World Stocks fall as Dow fails to break above elusive 20,000 mark Yomna Yasser Dec 22, 2016 0 U.S. equities fell slightly on Wednesday, with real estate lagging, as the Dow Jones industrial average failed to…
MENA News Saudi Arabia, U.S. play down reports of curbs on military support Ghada Ismail Dec 19, 2016 0 Saudi Arabia and the United States on Sunday played down media reports that Washington had decided to limit…
Industry & Trade Online grocery Knockmart.com to invest $2.7m in Egypt within two years Noha Gad Dec 18, 2016 0 Egyptian Knockmart.com company plans to inject new investments of 50 million Egyptian pounds (US$2.7 million)…
Industry & Trade Al Ahram Consumer Complexes eyes $16m-sales in six months Noha Gad Dec 18, 2016 0 Egypt-based Al Ahram for Consumer Complexes company targets attaining sales of 300 million Egyptian pounds (US$16.4…
Tech news Nintendo sells nearly 200,000 units of its mini retro console Ghada Ismail Dec 18, 2016 0 Strong sales for Nintendo's NES Classic Edition, a miniature version of its video game console from the 80s,…