Dollar on defensive after Fed, trade worries hit shares

Thu, Mar. 22, 2018

Wall Street stock indexes ended the day lower, with the S&P 500 .SPX losing 0.18 percent and the Nasdaq Composite .IXIC 0.26 percent.

They will impeach him … Trump’s days are numbered: John Roemer

Wed, Mar. 21, 2018

To understand the impact of Trump’s presidency on the U.S. and the world, ET sat down with leading political economy expert, Professor John Roemer.

Fed raises rates, signals confidence in strengthening economy

Wed, Mar. 21, 2018

The Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, signaling growing confidence U.S. tax cuts and government spending will boost the economy and inflation and lead to more aggressive future tightening.

Egypt’s economy: The way forward after elections

Wed, Mar. 21, 2018

Assuming the election passes smoothly, Egypt should enjoy an upturn in growth over the next 2-3 years, a report by Capital Economic said.

Railway revenues decrease to LE 154.9M in February

Wed, Mar. 21, 2018

The revenues of the Railway Authority decreased in February to LE 154.9 million ($8.77 million) on a monthly basis, compared to LE 190.7 million in January.

African free trade deal set to unite, integrate African states

Wed, Mar. 21, 2018

The agreement would consolidate a market of 1.2 billion people and a gross domestic product of $2.5 trillion.

Midor finances expansions through IPO

Wed, Mar. 21, 2018

Midor is currently expanding its refinery by the Italian Company Technip, seeking to increase refining capacity to 175,000 barrels per day.

EGX ends Wednesday on mixed note amid Egyptian, Arab selling

Wed, Mar. 21, 2018

The benchmark EGX30 increased 0.19 percent, or 33.22 points, to end at 17,147.12 points.