US Fed cuts rates to zero, launches massive $700 billion quantitative easing program
The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in…
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European shares slide 8% as regional coronavirus shutdown widens
European markets plunged on Monday as much of the region went into shutdown mode to prevent the spread of the new…
US Stock futures drop, hit ‘limit down’, even as Fed slashes rates
US Stock futures plunged late Sunday even after the Federal Reserve embarked on a massive monetary stimulus…
EGX loses EGP39.61bln of market cap. in early week tradings
The Egyptian Exchange (EGX) ended Sunday session with deep loss following the decline of the world stocks by the…
MAK Group’s unit to invest EGP 500m in a new hotel
MAK Investments Holding, a subsidiary of Mohammed Abdulmohsin Al Kharafi and Sons Company (MAK Group), signed a…
Little Women on its way to become a classic
Greta Gerwig’s smart, delightful film seems on its way to becoming a classic. It is a wonderous adaptation cuts…
Most major Gulf stocks dip; Dubai bears the blow on property
Most major Gulf stocks lower on Tuesday, weighed down by weak corporate earnings announcements, though property…
Dow futures decrease more than 150 points after Apple issues revenue warning
U.S. stock index futures were lower Tuesday morning. Dow futures dipped 154 points, indicating a negative open of…
Egypt posts trade exchange $5.3B with the world in 11 months
Egypt posts a total trade exchange with the countries of the world during the first eleven months of 2019 hit…
Egyptian expat remittances up by 12.1% in five months: CBE
Remittances from Egyptian expats went up by 12.1 percent during first five months of FY2019/2020, from July to…
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