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…
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State-owned Heliopolis Housing Q1 profit rises to 77mn Egyptian pounds
Net profit after tax of Egypt’s state-owned Heliopolis Company for Housing and Development (HELI) jumped to 77…
Oil prices up on signs of tighter market, but 2018 looks more uncertain
Oil prices edged up on Wednesday, rising for a third day, on signs that markets are gradually tightening after…
EGPC seeks up to 1.012 million tonnes gasoil for Feb-March
Egyptian General Petroleum Corp (EGPC) is seeking up to 1.012 million tonnes of gasoil for delivery in February and…
Dollar edges up as Fed, US jobs data awaited
The dollar edged higher on Tuesday as the final days of the contentious U.S. presidential campaign overshadowed…
China stocks close up over 1 pct on broad rally
China stocks closed up on Tuesday as buyers drove a mild but broad-based rally into financials and industrials. The…
McDonald’s gets bids for China, HK stores sale in up to $3 billion deal –…
McDonald's Corp (MCD.N) has received more than half a dozen bids for its China and Hong Kong stores, including…
Oil glut up close: How Cushing copes with full crude tanks
From the air above this small Oklahoma town, the 300 steel oil storage tanks that dot the landscape appear filled…
SoftBank to purchase up to $4.4 billion of own shares
Japanese telecoms conglomerate SoftBank Group (9984.T) said on Monday it will purchase up to 500 billion yen ($4.4…
Egypt’s illicit streams from 2004 to 2013 near $40 billion: U.S. report
The amount of money put to use in illicit activities in Egypt from 2004 to 2013 adds up to $39.8 billion, at an…
Egyptian exports to US up 2.1 pct in 7 months
Egypt's exports to the United States increased 2.1 percent from January-July 2015 despite the decline in the trade…
Asian stocks mixed; small-caps lead gains in China
Asian stocks put up a mixed performance on Thursday, as investors kept a wary eye on China which recovered from the…
Wall St. closes up, registers third week of gains
U.S. stocks ended higher on Friday, notching a third week of gains, lifted by a jump in General Electric shares and…
Global stocks at two-month highs, dollar up; oil down for week
Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views that…
Asian stocks at three-week highs before Fed decision; dollar wary
Asian stocks edged up to a three-week high on Thursday while the dollar drifted lower against other currencies as…
Asia stocks up, dollar sags as Fed tempers expectations for rate rise
An index of Asian shares gained on Thursday while the dollar eased slightly after the Federal Reserve signaled that…
Asia Up After Dismal U.S. Jobs Data, Dollar Pressured
Asian shares rose and the dollar steadied but remained under pressure on Monday, after a dismal U.S. jobs report…
Egypt’s Real GDP Up 6.8% In Q1 2014-15 – Central Bank
Egypt's real gross domestic product rose an annual 6.8 percent in the first quarter of the 2014-15 fiscal year, its…
Yen Edges Up In Choppy Trade As Risk Aversion Rises
The yen climbed against the dollar and euro in extremely choppy trading on Monday, as investors took their cues…
Dollar Up As Equities Surge, Yields Rise On Upbeat Data
The dollar gained on Monday after upbeat data restored some calm to the financial markets, prompting equities to…
Egypt’s Foreign Reserves Up In September To $16.872 Bln -C. Bank
Egypt's foreign reserves rose to $16.872 billion at the end of September from $16.836 billion at the end of August,…
Europe Stocks Up As Vodafone Gains; ECB On Deck
European stocks leaned higher Thursday, with gains for Vodafone Group PLC as it moves toward closing an…
Gulf Rebounds, Arabtec Up As CEO Quits
Most stock markets in the Gulf rebounded on Wednesday after an Iraq-related sell-off ended, although stocks…
Asian Shares Up On China Relief, Softbank Stars
Asian share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts, a…
Dollar Lower Against Euro, Up Against Yen On Risk Appetite
The dollar edged lower against the euro on Friday while rising against the yen on greater investor risk appetite…
Asia Shares Up; China, Ukraine Fears Limit Gains
Asian shares advanced moderately on Monday, choosing to embrace last week's firm performance by global equity…
Yen Nurses Losses, Euro Edges Up As Ukraine Anxiety Ebbs For Now
The safe-haven yen stayed below a recent peak against the dollar and the euro stood firm on Tuesday as anxiety over…
Global Stocks Slip Ahead Of Crimea Vote; Gold, Yen Up On Safety Bids
Growing tension between the West and Russia ahead of Ukraine's weekend referendum in Crimea pushed down stocks on…
Global Stocks Slip Ahead Of Crimea Vote; Gold, Yen Up On Safety Bids
Growing tension between the West and Russia ahead of Ukraine's weekend referendum in Crimea pushed down stocks on…
Global Shares Up As Fed Draws Taper’s Sting; Dollar Gains Broadly
Asian share markets rose on Thursday after the Federal Reserve drew the sting from tapering its stimulus by…
EU Wheat Up On Prospects For Stronger Exports
European wheat futures were higher on Wednesday on strengthening prospects for exports as rival Black Sea wheat…
Wall St. Ends Higher After Factory Data; Dow, S&P Up For Week
U.S. stocks rose on Friday after surprisingly strong manufacturing data overshadowed expectations that the Federal…
Apple’s Iphone Sales, Holiday Quarter Up For Scrutiny
Apple Inc's iPhone sales and revenue forecasts, due to be released on Monday, may offer clues as to whether its…
MIDEAST STOCKS-Saudi Petchems Surge On Earnings; Most Mkts Up On Global Cues
Saudi Arabia's petrochemical shares led a bourse rally on Sunday as earnings boosted sentiment, while most regional…
Europe Stocks Up As Summers Pulls Out Of Fed Race
European stock markets rallied at the open on Monday after Lawrence Summers pulled out of the race to become next…
Wall Street Up As Automakers, Tech Shares Gain
Stocks rose for a second day on Wednesday as a possible military action in Syria was seen as limited and strong…
Wall St. Up But Rally Fizzles On Support For Syria Strike
Stocks rose on Tuesday but were far off session highs after top Republicans voiced support for U.S. President…
Dollar Up Vs. Yen Ahead Of U.S. Sales Report
The U.S. dollar rose Tuesday, with the yen losing ground after a report that Japan will look into cutting corporate…
Europe Stocks Up; Alcatel, UBS Rise, Barclays Off
European stock markets opened higher on Tuesday, as investors weighed earnings from prominent companies such as UBS…
Gold Prices Up With Fed Minutes In Pipeline
Gold prices edged higher Wednesday, as the U.S. dollar drifted lower ahead of events that may reinforce the U.S.…