Meta shares dives 14% this week
Shares of Facebook parent Meta on Friday are at their lowest point since March 2020, the start of the pandemic,…
Browsing Tag
stock
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…
Egypt’s stock main index lowest since late 2016 as coronavirus fears grow
Egypt’s stock exchange (EGX) has plummeted on Wednesday, with its benchmark EGX 30 falling to its lowest level in…
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…
U.S. stock index futures point to lower open
U.S. stock index futures were lower Monday morning. At around 02:20 a.m. ET, Dow futures fell 100 points,…
Fawry IPO makes August – happy month for Egypt stock market
Egypt’s stock exchange (EGX) ended August on high note powered by the successful initial public offering of digital…
Egypt may cut taxes for stock market investors – official
Egypt’s stock exchange and finance ministry are looking to combine stamp duty and capital gains taxes to limit the…
US futures mixed amid growing concerns over global growth; Boeing shares set to fall
U.S. stock index futures traded mixed on Monday morning with investors still digesting weak jobs data from the…
Stamp duty hits Egyptian stocks, EGX 30 falls 3% in week
Egypt’s main stock index EGX 30 tumbled 3 percent in a week as authorities started last week applying the second…
Saudi Real Estate’s profits fall 6.53% in Q1
Saudi Real Estate- Al Akaria said Wednesday it has achieved profits worth SAR 44.64 million ($11.90 million) during…
Asian markets slip as technology stocks decline
Negativity on Wall Street flowed through to Asian markets on Friday, with regional stock indexes ending the day…
Oil prices rise on Middle East tension, but soaring US output caps gains
Oil prices edged up on Tuesday, lifted by tensions in the Middle East, although rising output in the United States…
Stocks in Asia mixed as trade concerns remain in focus
Asian markets were mixed on Thursday, as some regional stock indexes shrugged off early losses despite concerns…
Oil prices fall as Trump advisor’s exit stokes trade war fears
Oil prices fell on Wednesday, pulled down by weaker stock markets after a key advocate for free trade in the U.S.…
Asia markets mixed amid choppy trade as dollar steadies
Asian markets were mixed on Wednesday, with choppy trade seen in Japan and South Korea as stock indexes hovered…
MENA region bourses may start 2018 on positive note
Middle Eastern stock markets may generally start 2018 on a positive note because of strong global markets and…
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…
UAE, Egypt to establish new JV for dredging and marine works
Egypt has signed a deal with United Arab of Emirates to establish a Joint stock venture for Marine and dredging…
Egypt’s decision to ban rice exports will increase stock
Egyptian government's recent decision to ban rice exports will contribute to increasing Egypt's rice stock…
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…
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…
ECB tells banks to set aside more cash on bad loans
European Central Bank (ECB) will ask euro zone banks from next year to set aside more cash to cover newly…
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…
Qatar’s decline intensifies as insurer’s Abu Dhabi branch shut
Qatar’s stock index was down again on Monday as shares in Qatar Insurance tumbled after it announced the closure of…
State-run Food Industries Holding seen Cairo bourse listing after restructuring
Egypt is restructuring its state commodity buyer, Food Industries Holding Company (FIHC), before studying the…
Egyptian currency float boosts foreign investment: chairman
Foreign investors have bought a net 11 billion Egyptian pounds ($615.90 million) worth of shares since the country…
Twitter no longer at death’s door as earnings report approaches
Twitter Inc heads toward its quarterly earnings report on Thursday with a stock that has risen more than 40…
European stocks close sharply lower as euro surges
Bourses in Europe closed sharply lower on Friday as euro strengthened and fresh corporate earnings failed to…
Snap closes below $17 IPO price amid fears insiders to dump shares
Shares of Snap on Monday fell below their IPO price for the first time, just ahead of a crucial period for the…
Millennial love for Snapchat extends to stock
For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the…
Facebook appoints LinkedIn executive Susan Taylor as accounting chief
Facebook Inc said on Tuesday it appointed LinkedIn executive Susan Taylor as chief accounting officer, effective…
Snap’s founders and investors hope to sell more than $1bn in stock as part of its IPO
When Snap, the maker of Snapchat, officially goes public next month on the New York Stock Exchange, the company…
As stamp tax may be imposed, Egypt stocks incur heaviest losses in 2017
Egyptian stock market ended the week with the heaviest losses since the beginning of 2017 after the International…
Egypt considering temporary stamp duty on stock market deals
Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen…
Trivago IPO opens at $11.20 after pricing at $11, below its expected range
Hotel booking website Trivago opened at $11.20 per share in its debut Friday on the Nasdaq stock exchange. Trading…
Trump claims he didn’t read Boeing CEO’s critical remarks
Donald Trump claims he did not read Boeing CEO's critical comments before tweet that dinged the stock. In the…
CI Capital promotes offer for Obourland on stock exchange in 5 global markets
The investment bank CI Capital plans to begin promoting its private offering portion of Obourland for food…
Samsung’s stock hits highest in 40 years as it considers a split
Samsung Electronics Co. didn’t quite come out and actually say it, but South Korea’s most valuable company is…
Canada plans to buy Boeing jets as interim defense measure
Canada announced on Thursday plans to purchase 18 Boeing Corp Super Hornets as a stop-gap measure while it…
Cairo stock index jumps 2% at opening; financials lead
Egypt's stock market surged in early trade on Sunday, led by financial companies' shares, on hopes that the economy…