Angel investors examine exit options in Egypt after end of holding period

Mon, 25 May 2020 - 01:37 GMT

While the majority of start-ups need angel investments to grow, such investors have to be acquainted with exit options.

7 mega warehouses to be built to triple duration of staple stocking in Egypt

Sun, 03 May 2020 - 10:50 GMT

The first phase will include Giza and Dahliyah governorates.

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.

Stocks steady, oil cools as U.S.-Iran tensions ease

Tue, 07 Jan 2020 - 10:02 GMT

After a strong rally, oil gave back some of its gains amid signs that Iran would be unlikely to strike against the U.S. in a way that would disrupt supplies.

Bank earnings drag Europe lower as merger talks boost carmakers

Wed, 30 Oct 2019 - 10:26 GMT

European shares inched lower on Wednesday as weak bank earnings and doubts over an interim U.S.-China trade deal spurred selling

FRA, EGX review mechanism of stock loans

Mon, 17 Sep 2018 - 10:42 GMT

An agreement has been reached so that this is done before the end of this year, an FRA statement said Monday.

Eastern Co. marks profits of LE 4.2B in 2017/18

Wed, 25 Jul 2018 - 01:10 GMT

The board of directors of the company approved the splitting of its stock to be valued at LE 0.50 instead of LE 5.

Iowa, Illinois investigating infections linked to McDonald's salad

Sun, 15 Jul 2018 - 08:19 GMT

McDonald’s shares fell 1.4 percent after-hours on Thursday.

Global stocks fall as trade row intensifies, dollar wobbles

Tue, 26 Jun 2018 - 09:09 GMT

World stocks extended a sell-off as escalating trade tussles between the United States and other major economies steered investors away from riskier assets.

Oil jumps 3 pct after U.S. quits Iran deal, U.S. stock drawdown

Thu, 10 May 2018 - 02:50 GMT

Oil prices rose about 3 percent on Wednesday and hit fresh 3-1/2 year highs after a bigger-than-expected drawdown in U.S. oil inventories.

EGX loses LE 2B Thursday

Thu, 05 Apr 2018 - 01:53 GMT

The market capital lost about LE 2 billion to reach LE 973 billion.

Beltone Financial marks a profit of LE 9M in 2017

Mon, 12 Mar 2018 - 05:24 GMT

Beltone Financial announced Monday that it reported earnings after minority amounting to LE 9 million in 2017, compared to LE 44 million in 2016.

Ackman ends public battle with Herbalife, takes stake in United Tech.

Thu, 01 Mar 2018 - 08:37 GMT

Now, Ackman is building a position in aircraft parts maker United Technologies Corp, whose shares rose as much as 3.4 percent to $138.49.

China's Geely surges after building $9B Daimler stake

Mon, 26 Feb 2018 - 07:22 GMT

Geely’s stock surged 8 percent, buoyed by hopes of access to Daimler’s technology.

Stocks try a tentative bounce, bonds fret on U.S. inflation

Mon, 12 Feb 2018 - 07:18 GMT

Asian share markets found a semblance of calm on Monday as S&P futures extended their bounce.

Noted comic Carrey is deleting his FB page over election interference

Tue, 06 Feb 2018 - 10:26 GMT

Actor-comedian Jim Carrey announced Tuesday he is dumping Facebook and deleting his page and urged everyone to do so.

Stocks-Royal handouts may boost Saudi, global environment positive

Sun, 07 Jan 2018 - 09:03 GMT

A package of handouts from Saudi Arabia’s King Salman may boost the Saudi stock market while the region looks likely to be supported by a positive global trend.

Surge in foreign fund inflows sets stage for Egyptian boom

Sun, 07 Jan 2018 - 08:53 GMT

Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic about prospects for the North African country after years of political turmoil

Iran’s stock market plunge resumes

Tue, 02 Jan 2018 - 09:20 GMT

Tehran’s stock market incurred its biggest loss on the fifth day of Iranian protests against the regime.

Asia stocks up on U.S. tax-reform optimism, dollar hesitant

Tue, 19 Dec 2017 - 07:55 GMT

Asian stocks advanced on Tuesday after a record-setting session on Wall Street on bets.