Oil prices firm on US crude inventory fall, record car sales
Oil prices were firm on Thursday, buoyed by data showing a fall in U.S. crude inventories and by record car sales…
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Stocks close off session highs as oil falls 2.6%
Stocks rose on Tuesday, the first trading day of 2017, but closed off their session highs as oil prices gave back…
Dollar sags vs yen on lower US yields, ebb in risk appetite
The dollar sagged against the yen on Thursday, weighed down by U.S. yields slipping to two-week lows and an ebb in…
Stocks close well off highs; Nasdaq ekes out a record
U.S. stocks ended slightly higher Tuesday, kicking off the last trading week of the year on a positive note with…
El Marakby Steel eyes sales of $62mn by late-2016
Egyptian steel maker El Marakby for Steel Group plans to raise its sales volume by 30 percent to hit 1.2 billion…
US crude settles at $53.02, little changed as Libyan output pressures oil
Oil were little changed on Friday ahead of the Christmas and New Year holiday week as the market waited to see how…
El Marakby Steel: sales fall 40% on Egyptian pound float move
The sales volume of Egypt-based steel maker El Marakby for Steel Group declined by 40 percent following…
Stocks fall as Dow fails to break above elusive 20,000 mark
U.S. equities fell slightly on Wednesday, with real estate lagging, as the Dow Jones industrial average failed to…
Saudi Arabia, U.S. play down reports of curbs on military support
Saudi Arabia and the United States on Sunday played down media reports that Washington had decided to limit…
Online grocery Knockmart.com to invest $2.7m in Egypt within two years
Egyptian Knockmart.com company plans to inject new investments of 50 million Egyptian pounds (US$2.7 million)…