Gold rose on Wednesday after U.S. President Donald Trump threatened to raise tariffs on Chinese imports if no deal is reached with Beijing and as the U.S. Senate passed a bill backing human rights in Hong Kong.
Spot gold rose 0.1 percent to (...)
Oil was steady on Wednesday, after falling the past two days, as a surge in U.S. stockpiles reinforced concerns about lackluster global economic growth amid the trade war between the United States and China, the world's two biggest oil (...)
Dollar and the safe-haven yen edged higher on Wednesday, but not much, as a lack of clarity on U.S.-China trade talks kept investors cautious.
Ahead of the release of minutes from the U.S. Federal Reserve's last policy meeting at 1900 GMT, traders (...)
Asian markets traded lower Wednesday afternoon as U.S. President Donald Trump threatened to raise tariffs on Chinese goods if the two economic powerhouses do not strike a deal.
Mainland Chinese stocks edged lower by the afternoon, with the Shanghai (...)
European shares ended lower to edge into negative territory on Tuesday afternoon, amid uncertainty and pessimism over the outcome of trade talks between the U.S. and China.
The pan-European Stoxx 600 closed 0.2 percent during afternoon trade, having (...)
Egypt has spent around $60 billion on linking its electricity sector to other countries and continents, extending links into Africa, Asia, and Europe, President Abdel–Fattah El-Sisi has said.
In a speech during the G20 Compact with Africa meetings (...)
The Egyptian parliament's legislative and constitutional affairs committee has rejected a controversial bill aimed at regulating public conduct by forcing people to observe Egyptian society's generally accepted code of conduct, morals, principles, (...)
Egypt and Germany signed five joint cooperation deals of €330 million ($366 million) to boost renewable energy and vocational education on the sidelines of Egyptian President Abdel Fattah al-Sisi's visit to Germany this week to attend the meetings (...)
Egypt's exports of ready-made garments rose 11 percent to $456 million during he first quarter of the 2019/2020 financial year, said Ready-Made Garments Export Council (RMGEC) said on Monday.
Ready-made germant exports earlier recorded $409 million (...)
Dubai port operator DP World has agreed with Egypt's Suez Canal Economic Zone (SCZone) on the allocation of an industrial land plot of land in the canal area
In a press conference celebrating the company's ten years of operations in Egypt, DP (...)
Gold held steady on Tuesday after hitting its highest in over one-and-a-half weeks, propped up by doubts about a trade deal between the United States and China.
Spot gold was little changed at $1,470 per ounce as of 0444 GMT. It had hit the highest (...)
Oil fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, while rising U.S. inventories also jangled nerves.
West Texas Intermediate (WTI) crude (...)
Dollar fell against the yen on Tuesday as receding hopes for a preliminary trade deal between the United States and China hurt demand for the greenback.
The yuan touched a two-week low versus the greenback amid doubts about the U.S.-China trade (...)
Asian shares were mixed in Tuesday afternoon trade amid concerns over the state of U.S.-China trade negotiations.
Japan's Nikkei 225 shed 0.38 percent in afternoon trade, with shares of index heavyweight and robot maker Fanuc dropping more than 1 (...)
European stocks closed lower on Monday after a Chinese government source told CNBC that the mood in Beijing over a trade deal is pessimistic.
The pan-European Stoxx 600 ended the session 0.1 percent lower, with the China-exposed autos sector (...)
Egypt's President Abdel Fattah al-Sisi on Monday received a delegation of the Federation of German Security and Defence Industries at his residence in Berlin, where they discussed means to expand joint military cooperation.
It includes the launch of (...)
Egypt's Foreign Minister Sameh Shoukry stressed the importance of the G20 Compact with Africa (CwA) summit and the role played by German Chancellor Angela Merkel to build an institutional framework for cooperation between the G20 and Africa.
The (...)
Beltone Financial, the Egyptian investment bank owned by billionaire Naguib Sawiris, expected that Egypt's economy will achieve a growth rate of 6.1 percent within the 2020/2021 financial year from 5.6 percent during the 2018/2019 financial year.
In (...)
Egypt's exports to African Union (AU) countries rose 27.4 percent to $4.736 billion in 2018 from $3.716 billion in 2017, Egypt's state-owned statistics agency CAPMAS said on Monday.
The majority of exports were concentrated in 10 African countries, (...)
Average occupancy rates in Egypt's Red Sea hotels recorded 75 percent in 2019, a senior official in the Tourism Ministry said on Monday, as the country moves to boost the sector vital for foreign currency revenues.
President Abdel Fattah al-Assi, (...)
Egypt's newly-founded Sovereign Wealth Fund (SWF) was one of the mechanisms the state utilised to increase partnership between the public and private sectors, Planning Minister Hala al-Saeed said on Monday.
Al-Said was delivering a speech on Monday (...)
U.S. investments in Egypt rose 26 percent to more than $22 billion in 2019, Egyptian Prime Minister Moustafa Madbouly said on Monday.
Madbouly made these remarks at an event organised by the U.S. Chamber of Commerce marking the 40th anniversary of (...)
Egypt on Monday has sold $1.56 billion in one-year dollar-denominated treasury bills, with a weighted average yield of 3.587 percent, according to the central bank.
This month, the bank sold €695 million worth of one-year euro-denominated treasury (...)
UAE-based Emaar Properties announced on Monday the launch of The Valley, a new master development on Dubai-Al Ain Road, that is designed for residents who desire a balanced lifestyle.
The master development will feature expertly designed townhouses (...)
The life insurance arm of Commonwealth Bank of Australia pleaded guilty to 87 counts of breaching a law banning sales staff from making unsolicited calls to sell financial products, the country's corporate regulator said on Tuesday.
The Australian (...)
