European markets are set to open mixed on Tuesday as hopes for monetary policy stimulus temper investor anxiety over an impending recession.
The FTSE 100 is seen around 5 points higher at 7,195, the DAX is set to climb around 7 points to 11,723 and (...)
Gold was flat on Tuesday, after declining more than one percent in the previous session hit by an uptick in risk appetite, while investors awaited meetings by policy-makers later in the week for clues on possible interest rate cuts.
Spot gold was (...)
Crude oil held mostly steady on Tuesday on optimism that U.S.-China trade tensions would ease and on hopes that major economies would enact stimulus measures to counter a possible global economic slowdown that could affect oil demand.
Brent crude (...)
Dollar hovered near a three-week peak on Tuesday, as expectations policymakers around the world would unleash fresh stimulus drove an improvement in appetite for riskier assets and lifted U.S. government bond yields.
Yields on benchmark U.S. (...)
Asian markets traded higher Tuesday afternoon, as the People's Bank of China published its new loan prime rates that would result in cheaper borrowing costs for companies.
Mainland Chinese stocks edged up by the afternoon, with the Shanghai (...)
Egyptian Prime Minister Moustafa Madbouly has ordered the speeding of work on the El-Tawarei Canal Axis development project.
The project aims to set up an urban area surrounding the axis of the canal stretching from Gesr El-Suez until Belbeis desert (...)
Egypt is keen on boosting international cooperation to cut down the time needed for customs clearance, inance Minister Mohamed Maait affirmed on Monday, rationalizing custom duties and toughening up supervision on customs outlets.
The aforementioned (...)
Egypt inked on Monday two deals with the European Bank for Reconstruction and Development (EBRD) to renew locomotives and improve the commodities shipping system, with a total fund of €1.5 million (28 million Egyptian pounds).
Part of the fund will (...)
South Korea is keen on boosting cooperation with Egypt in all fields and concluding a free trade deal with Cairo, South Korean Ambassador in Egypt Yoon Yeocheol said on Sunday.
He stressed that bilateral consultations are underway to ensure the (...)
Egypt will soon reopen the century-old Baron Empain Palace after a $6 million renovation of the Indian-inspired mansion built by a wealthy Belgian engineer in the upmarket Heliopolis district of the capital Cairo.
Built in 1911, the two-story (...)
Liverpool boss Jurgen Klopp said on Monday he is thankful to have world class attackers like Egyptian star Mohamed Salah.
“Sadio Mane, Bobby Firmino, Mo Salah – these guys in the last situation were really outstanding,” the German coach Klopp told (...)
Dubai's Azizi Developments plans to deliver nine projects in the country, including 4,000 housing units at the end of this year, chief executive Farhad Azizi told Mubasher on Monday.
These projects include five buildings in Al Furjan area, the first (...)
An Iranian tanker at the center of an angry confrontation between Iran and Washington sailed for Greece on Monday after it was freed from detention off Gibraltar, as Washington called the release unfortunate and warned Greece and Mediterranean ports (...)
Major Gulf stocks rose in early trade on Tuesday, buoyed by financial shares amid steady oil on optimism that U.S.-China trade tensions could ease and stimulus measures by major economies to counter a possible global economic slowdown.
The United (...)
UK's Prime Minister Boris Johnson has fired the opening salvo in his bid to renegotiate Britain's divorce from the European Union, demanding that an insurance policy for the Irish border be removed from the Brexit deal and replaced with a (...)
Facebook Inc's messaging service WhatsApp is in talks with multiple Indonesian digital payment companies to offer their mobile transaction services, in a bid to tap the nation's fast growing e-commerce sector, people familiar with the matter (...)
Airstrikes targeted a Turkish army convoy inside a rebel-held part of Syria on Monday, the Turkish Defense Ministry said, killing 3 civilians and wounding 12 others. The Syrian government, however, said the convoy entered the country carrying (...)
Sudan's ousted president Omar Hassan al-Bashir on Monday arrived amid heavy security at the courthouse in the capital Khartoum where he is facing corruption charges, a Reuters witness said.
Bashir is charged with illicit possession of foreign (...)
Hong Kong leader Carrie Lam said on Tuesday she hoped a peaceful weekend anti-government protest was the start of an effort to restore calm and that talks with non-violent protesters would provide a way out for the Chinese-ruled city.
Hundreds of (...)
The head of Egypt's state-owned lender Banque du Caire told reporters on Tuesday that he expects the bank will hold an initial public offering by the end of 2019 or in early 2020.
"We plan to offer 30-40 percent of the shares in the bank in (...)
European markets rose on Monday morning as hopes emerge for stimulus from central banks and fiscal measures from major economies such as China and Germany.
The pan-European Stoxx 600 jumped 1 percent in early trade, with banks surging 1.6 percent as (...)
Gold fell on Monday due to a stronger U.S. dollar and a recovery in equities, as major central banks around the world hinted at more stimulus, easing fears about a sharp economic downturn.
Spot gold was down 0.3 percent at $1,509.13 per ounce at (...)
Oil rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for any signs that Sino-U.S. trade tensions could ease.
But price gains were capped by an unusually downbeat OPEC report that stoked (...)
Asian markets rose on Monday as U.S. Treasury yields bounced higher after plunging last week.
Shares in mainland China led gains in the region as they surged on the day, with the Shanghai composite adding 2.1 percent to 2,883.10 and the Shenzhen (...)
Egypt has condemned a suicide bombing that targeted a wedding party in Kabul and left scores dead and injured on Saturday.
In a Sunday statement, the foreign ministry said Egypt stands by the Afghan government and people in its war against (...)
