Dubai’s Emirates REIT posts 15.3% surge in 2018 property income
Emirates REIT, the world's largest Shari'a-compliant REIT, recorded a year-on-year total property income growth of…
Browsing Tag
Surge
US crude posts its best quarter since 2009, rising 32% year to date
Oil jumped on Friday, on track for their biggest quarterly surge in a decade, as U.S. sanctions against Iran and…
Gold steady as market awaits news on trade deal
Gold held steady on Wednesday as a surge in risk appetite on hopes of a Sino-U.S. trade deal offset support from…
Gold prices rise as dollar falls from multi-month high
Gold prices inched up on Wednesday as the U.S. dollar retreated from a 16-month high touched earlier in the week,…
Egypt sees 80% surge in UK tourists at year-end
The British newspaper The Guardian revealed on Friday that British tour operators have revealed an increase in…
Orange nurses Egypt losses in H1 as sales surge
French telecoms company Orange’s losses in Egypt declined to 252.5 million Egyptian pounds ($14.1 million) during…
Egypt witnesses a surge in number of Arab tourists
Egypt witnessed a significant increase in numbers of Arab tourists visiting the country, in line with the…
Oil slips on prospect of rising supplies
Oil fell on Wednesday, pulled down by rising supplies in the United States and expectations that voluntary…
US crude falls 21 cents, settling at $65.74
Oil prices fell on Friday, extending losses as JP Morgan cut its crude price forecast, after already weakening on…
European shares open in green after US stocks surge
European shares open higher Thursday, boosted by a rally in U.S. stocks on Wednesday and as new governments get to…
Kuwait Real Estate profits surge 33% in Q1
Kuwait Real Estate Company announced a 33.1 percent increase in first-quarter profits compared to the same period…
Dollar prices near 5-month high after benchmark Treasury yield soars above 3%
Dollar prices hovered near a five-month high against a group of major currencies on Wednesday, as a surge in the…
Saudi stock markets lead regional gains with blue-chip boost
Saudi stock markets led gains among largely positive Gulf markets on Sunday, bolstered by a surge in blue-chip…
Gulf markets sluggish as oil prices rise to highest levels in 3yrs
Markets in Gulf were sluggish on Monday as a surge in oil prices to highs in three years.
State-owned Suez Canal Bank’s net profit rises 69.5% in 2017
Egypt's state-run Suez Canal Bank reported Monday a 69.5 percent increase in its net profit to reach 356 million…
CIB bank Egypt 2017 profits surge 25%
Egypt's largest listed bank, Commercial International Bank (CIB) on Thursday posted a 25 percent year-on-year surge…
Gold rises on wobbly dollar; stocks surge after US government shutdown ends
Gold prices edged up on Tuesday as the dollar hovered around three-year lows, with a surge in global equities…
Europe markets set to open higher as US government shutdown ends
European markets look set for a higher open Tuesday morning. Of the major bourses, the German DAX is expected to…
Egypt’s real estate sector contributes 15% to GDP in first 9 months of 2017
Egypt’s real estate sector contributed 15 percent to the country’s gross domestic product (GDP) within the first…
Gold inches down on strong equities, higher US Treasury yields
Gold prices edged lower for a second session early on Wednesday, as a rally in equities and a surge in U.S.…
Egypt, Tunisia, Turkey expect a surge in British tourist arrivals this year
Egypt, Tunisia, and Turkey are expected to see a jump in British tourist arrivals this year, after several years…
Surge in foreign fund inflows sets stage for Egyptian boom: Reuters
Encouraged by Egypt's economic reforms, a major gas find, streamlined business rules and a devalued currency,…
Egypt private sector construction, building activity rose 41.7% in 2016: CAPMAS
The construction and building works implemented by Egypt’s private sector firms rose 41.7 percent, reaching 56.4…
Egypt’s Ezz Steel Q3 profits surge by 551%
Egypt’s largest steel producer Ezz Steel reported Wednesday a 551 percent increase in its profits to reach 318.4…
Foreign reserves increase to $36.723bn by end-November: Egypt’s c.bank
Egypt's foreign reserves increased to $36.723 billion by end of November, up from $36.703 in October, the Central…
Egypt’s Talaat Moustafa nine-month sales surge by 72.7%
Egypt’s property developer Talaat Moustafa Group Holding (TMGH) reported Wednesday a 72.7 percent increase in its…
Bitcoin plunges after upgrade is called off, but offshoot ‘bitcoin cash’…
Bitcoin fell Friday to its lowest since November 1 as traders bet on its offshoot, bitcoin cash, instead. The…
Gulf stocks may be supported by oil surge, Alinma beats estimates
Gulf stock markets may be supported on Monday by a surge in oil prices, while better-than-expected earnings by a…
Google launches new phones, speakers in hardware push
Alphabet Inc’s Google (GOOGL.O) on Wednesday unveiled the second generation of its Pixel smartphone along with…
Yuan’s 2017 advance helps draw foreigners to China stocks, bonds
Yuan’s surge this year has helped increase foreign purchases of Chinese bonds and stocks. Now Beijing appears to…
Egypt’s dairy maker Juhayna profits rise 8.5% in Q2
Egypt's Juhayna Food Industries Company reported Wednesday a 8.5 percent growth in profits to register 27.28…
Egypt’s Finance Ministry eyes 26.5% surge in debt instruments next month
Egyptian Ministry of Finance (MoF) is planning to increase debt instruments by 26.5 percent to reach worth 151.5…
European markets seen higher, ECB meeting in focus
European bourses are expected to open higher on Thursday, supported by a surge in global stocks, as investors…
Egypt planning 200% surge in rice production, says Supply Ministry
Egypt's Minister of Supply and Internal Trading said that Egypt targets rising rice production by 200 percent…
CAPMAS unveils 12.3% surge in Egypt’s exports to U.S.
Egypt's state-run Central Agency for Public Mobilization and Statistics (CAPMAS) has announced the increase in…
Egypt’s Arab Pharmaceutical ADCO posts 444% surge in pre-tax profits
Egypt’s Arab Drug Company for Pharmaceuticals and Chemical Industries (ADCO) says profits before tax rose 444…
European markets to surge higher as Macron wins French election
European markets are expected to open higher Monday after pro-European Union candidate Emmanuel Macron secured a…
Egyptian confectionery maker El Rashidy El Mizan eyes 15% surge in exports this year
Egypt's confectionery producer El Rashidi El Mizan targets increasing its exports by 15 percent to reach 100…
Egypt’s Biscuit maker Bisco Misr planning 50% surge in exports this year
Egypt-based biscuit maker Bisco Misr Company says it is planning to increase its exports by 50 percent to 100…
Le Pen loss to be a win for European equities
If far right French presidential candidate Marine Le Pen loses the election, it will spur a significant surge of…