Solb Misr incurs $64mn losses, delays trading in EGX until 2017
Egyptian steel group Solb Misr has incurred losses estimated at 500 million Egyptian pounds (US$63.8 million) in…
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China stocks slump 7% on opening day of 2016, trading halted
Chinese stock markets tumbled 7 percent in their opening session of 2016 on Monday as weak factory activity surveys…
Oil surges on Saudi Arabia, Iran tensions
Oil prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran…
Egypt’s main index EGX30 rises on final day of 2015
Egypt’s stock market posted Thursday in a thin trade gains worth 1.1 billion Egyptian pounds (US$140.7 million) and…
U.K.’s FTSE 100 edges higher, adding to this week’s sizable gain
U.K. stocks inched higher Thursday, building on Wednesday’s big gain, in what’s expected to be thin volume with…
U.S. oil plunges more than 2% on supply glut woes
Crude futures lost ground in early Asian trading on Monday, with U.S. oil plunging over 2 percent on festering…
Porto stocks climb on their first day of trade at Cairo bourse
Porto Group has sparkled on its first day of trading early Thursday on Cairo bourse. The stock traded as high as…
FOREX-Dollar nurses sharp losses after weak U.S. sales figures
The dollar wallowed around seven-week lows against a basket of currencies in Asian trading on Thursday, after weak…
Cairo trading closed for holiday on new Islamic year today
The Egyptian Exchange announced Tuesday that trading Wednesday, October 13th, 2015 is an official holiday on the…
Wall Street lower after data, Dudley comments
U.S. stocks were lower in early trading on Monday after data showed a better-than-expected increase in consumer…
