Egypt ends compulsory pricing of rice at markets

Sun, 19 Feb 2023 - 09:56 GMT

After being a rice exporter, Egypt turned to be an importer to meet the people’s needs amid the monopoly practiced by merchants. The Ministry of Supply announced that it would offer a tender for rice importation to secure strategic storage.

Asian markets rise as coronavirus concerns ease

Wed, 12 Feb 2020 - 05:36 GMT

Tokyo rose 0.5 percent, Hong Kong put on 0.7 percent, Sydney gained 0.6 percent and Singapore climbed 0.7 percent.

Egypt bourse gains over 13 EGP bln in morning trading

Sun, 27 Jan 2019 - 10:58 GMT

The market capital won more than EGP 13 billion to reach EGP 778.3 billion.

Dollar's advance puts squeeze on gold, commodities

Wed, 18 Jul 2018 - 08:34 GMT

Asian share markets were mostly firmer on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar.

Oil hovers near 3 1/2-year peak, Asia shares up ahead of Trump announcement

Tue, 08 May 2018 - 08:07 GMT

Oil prices eased slightly on Tuesday, a day after hitting 3-1/2 year highs.

Oil dips on rising U.S. supplies, market still tense on conflict in Syria

Wed, 11 Apr 2018 - 08:43 GMT

U.S. WTI crude futures CLc1 were at $65.40 a barrel, down 11 cents, or 0.2 percent from their last settlement.

EGX gets benefit from economic, political reforms: PwC

Tue, 06 Mar 2018 - 12:13 GMT

EGX posted 13 further offerings (FOs) and four initial public offerings (IPOs) in 2017, recording a 70 percent increase in overall equity capital Market.

Business news wrap-up

Thu, 14 Dec 2017 - 04:50 GMT

A wrap-up for the most prominent news circulated during the day.

Asia shares take a time out, Brent breaks above $65

Tue, 12 Dec 2017 - 07:55 GMT

Asian shares took a small step back on Tuesday after three straight sessions of gains.

Enel plans to spend more on modernizing mature markets

Tue, 21 Nov 2017 - 09:17 GMT

Italy’s biggest utility Enel (ENEI.MI) pledged to spend more upgrading its networks in mature markets.

CI Capital partners with Saudi's Al Rajhi for expansion

Sun, 12 Nov 2017 - 09:29 GMT

Under the partnership, Al Rajhi will offers access and execution opportunities for CI Capital's institutional clients.

Business news wrap-up

Thu, 02 Nov 2017 - 05:00 GMT

A wrap-up for the most prominent news circulated during the day.

Asia shares mount 10-year top on strong economy, oil gains

Wed, 01 Nov 2017 - 07:55 GMT

Asian shares scaled a 10-year high on Wednesday on the back of solid economic growth globally.

European stocks at five-and-a-half-month high ahead of growth data

Tue, 31 Oct 2017 - 11:52 GMT

European shares were at a 5 1/2-month high and Italian bonds were set for their best month in over two years on Thursday.

Business news wrap-up

Mon, 30 Oct 2017 - 05:30 GMT

A wrap-up for the most prominent news circulated during the day.

Business news wrap-up

Thu, 12 Oct 2017 - 05:00 GMT

A number of investors have started to regain confidence in the Egyptian economy.

Business news wrap-up

Mon, 09 Oct 2017 - 05:00 GMT

A wrap-up for the most prominent news circulated during the day.

Fed must hike rates in face of hot U.S. labor market: Rosengren

Sat, 07 Oct 2017 - 04:30 GMT

The Federal Reserve must respond to “very tight” U.S. labor markets by gradually raising interest rates or risk halting the economic recovery, a hawkish Fed official said.

Stocks to peak in Q4 if bears conquer "monster" bull market -BAML

Fri, 29 Sep 2017 - 12:17 GMT

Investors should remain cautious despite - or even because of - all the signs pointing to further gains for markets

SEC says hackers may have traded using stolen insider information

Thu, 21 Sep 2017 - 01:00 GMT

Top U.S. markets regulator said hackers accessed its corporate disclosure database and may have illegally profited by trading on the insider information stolen.