Egypt's Orascom Development said on Thursday that the completion of selling its stake in two hotels and a land plot in Makadi destination at higher cash proceeds of 408 million pounds ($22.8 million).
The company said in a filling to the Egyptian (...)
EFG Hermes, a leading financial group and one of the biggest investment banks in Egypt, expected on Thursday that the Central Bank of Egypt to lower interest rates between one to two percent in 2019.
The financial group also expected the average (...)
Facebook Inc's photo-sharing social network Instagram said on Thursday it has fixed a bug that led to a temporary change in the appearance of its feed for a large number of users.
The bug led to a small test being distributed widely, the company (...)
More Americans blame President Donald Trump than congressional Democrats for the partial U.S. government shutdown, according to a Reuters/Ipsos poll released on Thursday, as the closure stretched into its sixth day with no end in sight.
Forty-seven (...)
Syria's military announced Friday it entered the flash-point Kurdish-held town of Manbij and raised the national flag there, where Turkey has threatened an offensive.
A Kurdish official said the government troops arrived only at the front (...)
Gold rose on Friday to trade below a more than six-month high hit earlier this week, as concerns about slowing global economic growth and a partial government shutdown in the United States stoked safe-haven demand, although gains in equities capped (...)
Japanese yen jumped on Friday as investors sought protection against volatile stock moves, while the greenback dipped as stocks traded higher after a dramatic week capped by large price swings.
The benchmark S&P 500 tested its 20-month low early in (...)
Japanese stocks ended their trading year in negative territory on Friday.
The Nikkei 225 and Topix index both struggled for gains on the day: The former slipped 0.31 percent to close at 20,014.77 while the latter shed 0.5 percent to finish its (...)
Egypt's Prime Minister told reporters that the tour bus carrying 14 Vietnamese tourists and two Egyptian tourism workers, which was the target of a deadly attack Friday evening, deviated from its pre-planned, secured route without notifying security (...)
Egypt's Minister of Trade and Industry Amr Nassar has said the country's exports witnessed large growth during the current year to reach $22.6 billion from $20.4 billion in 2017.
The minister said that exports are expected to reach about $25 billion (...)
Egypt's domestic liquidity jumped 3.2 percent to 3.563 trillion pounds during the July-October 2018 period of the financial year 2018/2019, said the Central Bank of Egypt (CBE) in a report on Thursday.
The report stated that the increase in domestic (...)
European markets closed higher Friday with all major bourses and sectors in positive territory.
The pan-European Euro Stoxx 600 index ended provisionally higher by 1.9 percent while the FTSE 100 was up 149 points, or 2.3 percent, at 6,733 by the (...)
Oil prices ticked were higher on Friday after a week of volatile trading, but shed early gains on profit-taking ahead of the New Year holiday as global crude benchmarks hovered near their lowest levels in more than a year. U.S. light crude ended (...)
The Dow Jones Industrial Average closed slightly lower on Friday as Wall Street concluded a roller-coaster week.
The 30-stock index ended the day down 76.42 points at 23,062.40. At its high of the day, it rose as much as 243.06 points; it fell as (...)
President Donald Trump on Wednesday defended his decision to withdraw U.S. troops from Syria during an unannounced visit to Iraq, saying that many people will start seeing things on Syria the same way he does.
Trump made the decision on Syria (...)
President Donald Trump said on Wednesday he is prepared to wait as long as it takes to get $5 billion from taxpayers for his U.S.-Mexico border wall, a demand that has triggered a partial shutdown of the federal government that is now in its fifth (...)
EFG Hermes Leasing and HSBC Bank Egypt have signed a cooperation agreement that will help small and medium-sized enterprises (SMEs) get access to 400 million Egyptian pounds of leasing and financing services throughout 2019.
The agreement provides (...)
Egypt's Prime Minister and Housing Minister Moustafa Madbouly said the sector of planning and projects at the New Urban Communities Authority (NUCA) accomplished several tangible achievements in 2018 that resulted in a developmental leap in new (...)
US pop star Miley Cyrus has confirmed her marriage to Australian actor and long-standing partner Liam Hemsworth.
She shared images from the ceremony, reported to have been held on Sunday, on social media.
The couple met nearly a decade ago on the (...)
JPMorgan Chase & Co will pay over $135 million to settle charges it mishandled so-called "pre-released" American Depositary Receipts (ADRS), the Securities and Exchange Commission announced on Wednesday.
The regulator said the investment bank (...)
Beltone Financial, the Egyptian investment bank owned by billionaire Naguib Sawiris, expects revenues from Egyptian tourism would hit $11 billion within the next year.
The Egyptian economic performance is very promising, it added in an annual report (...)
Asian markets rose on Thursday afternoon following an overnight surge in stocks on Wall Street, with all three major indexes stateside posting gains of more than 4.9 percent.
Japan's Nikkei 225, which has veered in and then out of bear market (...)
Oil surged on Wednesday, posting its strongest daily gain in more than two years in a partial rebound from steep losses that pushed crude benchmarks to lows not seen since 2017.
Both U.S. and Brent crude rose about 8 percent, their largest one-day (...)
Egypt's Foreign Minister Sameh Shoukry discussed means of bolstering Saudi-Egyptian ties with visiting Saudi Shura Council speaker Sheikh Abdullah bin Mohamed bin Ibrahim Al-Sheikh.
The two officials discussed the role of parliamentary relations in (...)
Gold prices inched higher on Thursday amid concerns about global economic growth and a partial U.S. government shutdown, although a rebound in investor risk-appetite in the previous session limited gains.
Spot gold rose 0.4 percent to $1,271.85 per (...)
