Egypt’s wealth fund to invest in three sectors amid coronavirus
The Sovereign Fund of Egypt is adapting to the coronavirus crisis and will focus its work more on three main…
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sectors
Egypt signs deals in different sectors in FY2018: minister
Egypt's Investment Ministry signed a number of agreements with development partners in the financial year 2017/2018…
Egypt’s trade with France hits $1.459 bln in August
Trade exchange between Egypt and France reached around $1.459 billion at the end of last August, said Egyptian…
Housing market in Kuwait poised to boom in Q2
Despite mixed performance in the first quarter of 2018, the various sectors of the property market in Kuwait,…
Egypt’s foreign trade falls 9.4%, reaching $79.231 bln in 2017
The volume of Egypt’s foreign trade fell by 9.4 percent, registering around $79.231 billion in 2017 from $86.718…
Egypt’s chemical exports rise to $4.4 bln in 2017: CEC
Egypt's Chemical exports increased 32 percent in 2017 to $4.4 billion, up from $3.3 billion in 2016, Chemical and…
European markets close lower; banks rally 2%; Metrobank up 4.34%
European equities closed lower on Wednesday afternoon as investors monitored corporate earnings and fresh data. The…
Stocks end lower as selling accelerates into the close; S&P still posts best year…
U.S. stocks closed lower Friday, the last trading day of the year, with no S&P 500 sectors ending higher. The…
South Korean investments in Egypt hit $445 mln, says minister
South Korean investments in Egypt are estimated at $445 million for 171 projects in various fields, Egypt's…
Europe ends on a mixed note as political uncertainty lingers
European shares finished under slight pressure on Friday, amid lower liquidity levels due to the Thanksgiving…
Europe ends on a high note despite political instability in Germany, weak oil prices
European equities closed in the black on Monday, as positive trading on Wall Street and weakness in the euro,…
Europe ends in the red as commodities slide; earnings and data shake up sentiment
European stocks finished Tuesday's trading day in negative territory, as a sharp decline in commodities weighed on…
Europe finishes in negative territory as financial stocks drop 1.6%; sterling slips
European stocks closed in the red on Monday as investors focused on earnings and monitored political woes in the…
European markets close in different directions after earnings deliver mixed results
European stocks ended under slight pressure on Wednesday as investors digested the latest coming out of the…
European stocks close higher amid earnings; BOE hikes rates; SocGen down 4%
European stocks closed higher Friday, as investors monitored a fresh batch of corporate earnings. The pan-European…
Egypt’s Investment Minister discusses financed flagships with WB officials
On Saturday Minister of Investment and International Cooperation, Sahar Nasr, met with the World Bank…
Fed meeting could trigger stock sector rotation
U.S. equity investors could rotate out of high-yielding sectors and into stocks of banks, which would benefit from…
Egypt linning up for reversing bans on agricultural exports
Egypt is looking to reverse a series of bans on its agricultural products that has hit one of its most promising…
Careem Egypt mulls start-up market to invest in transport and e-commerce sectors
Egypt’s transportation app Careem says it is studying the start-up market in Egypt to invest for the best of its…
Egypt’s Misr Petroleum says to operate 77 more fuel stations this year
Egypt's state-run Misr Petroleum Company is planning to complete adding 77 new fuel stations in various…
Canada’s Trudeau says will stand up to Trump on trade
Canada will respond firmly to Donald Trump, Prime Minister Justin Trudeau said Tuesday after the United States…
Saudi Arabia to award licences to 15 U.S. firms in May: officials
Saudi Arabia plans next month to award licences to at least 15 U.S. companies to operate in the kingdom, two Saudi…
Tight security measures taken at Cairo metro, railway stations
High security measures were witnessed on Monday at metro stations around the capital Cairo, as well as at the…
Sisi orders instructions on allocating more expenditure for health, education
Egypt’s President Abdel Fattah al-Sisi gave instructions on allocating more expenditure in the sectors of social…
Egypt to build pharmaceutical factory in Kazakhstan: minister
Egypt is planning a joint project with Kazakhstan to build a pharmaceutical factory of $20 million, Egyptian…
Europe markets end mixed after earnings
Europe ended on a mixed note on Monday as investors digested more earnings, and kept an eye on $31 billion London…
Egypt’s oil, gas, mining investments 3.9% up in Q1 of FY2016/17: sources
Egypt’s investments in oil, gas, and mining sectors rose 3.9 percent to $15 billion during the first quarter of…
U.S. stocks close lower amid Trump policy worries
U.S. stocks closed mostly lower on Tuesday, but recorded monthly gains, as investors continued to evaluate the…
NATO may expand defence spending in response to Trump
North Atlantic Treaty Organization (NATO) members may give into U.S. President Donald Trump's demands and fork out…
Japanese shares up more than 2% led by exporters
Japanese shares jumped more than 2 percent on Wednesday as the yen weakened against a stronger dollar and recent…
European markets close higher on PMI data
European markets started the new year on a negative footing, only to reverse losses during trading to close higher.…
Stocks close lower after Fed raises rates; energy and utilities drop 2%
U.S. stocks fell in choppy trade Wednesday, led lower by energy and utilities, after the Federal Reserve raise…
Stocks close mostly flat as Italian referendum looms
U.S. stocks closed mostly flat on Friday, with financials falling around 1 percent, as investors braced themselves…
Australia shares climb 1%, Asian market gains in the US
Australian stocks climbed on Wednesday, tracking U.S. stock markets' rise to all-time closing highs on Tuesday, but…
Sial Paris 2016 kicks off tomorrow with participation of 102 Egyptian firms
Around 102 Egyptian firms working in food industries and agricultural crops sectors are set to take part in Sial…
Industry Minister: Egypt eyes boosting Indian investments in auto, textile sectors
The Egyptian government targets boosting Indian investments in auto components and textiles sectors besides making…
Trade ministry plans boosting Egypt leather exports to US$1bn annually
Exports of Egyptian leather sector are expected to reach US$1 billion per years after completing Al Robeky zone for…
Saudi investors eye 3 sectors to boost investments in Egypt to $8bn
Saudi investors have initially chose energy, tourism and housing sectors to activate the Memorandum of…
China expects to lay off 1.8 million workers in coal, steel sectors
China said on Monday it expects to lay off 1.8 million workers in the coal and steel sectors as part of efforts to…
South Korea, Egypt to discuss investments in energy, autos, petrochemicals sectors
Egyptian-South Korean Business Council is to discuss means of enhancing mutual relations with South Korea in…