Business - Markets & Companies

Stock market today: World stocks mixed as Wall St inches toward bull market

World shares were mixed on Wednesday after China reported trade data pointing to a further slowing of its recovery from the disruptions of the pandemic.

INTERVIEW: Egypt is exciting market for Northern Ireland companies: Invest NI’s regional manager

In an interview with Ahram Online, Sameh Ahmed, Regional Manager for North Africa at Invest Northern Ireland (Invest NI), emphasized the agency's efforts to increase exports from Egypt to Northern Ireland.

Oil prices rise on Tuesday as gold and dollar fall

Benchmark US crude oil for July delivery fell 41 cents to $71.74 a barrel Tuesday. Brent crude for August delivery fell 42 cents to $76.29 a barrel.

Explainer: Who is TAQA Arabia and what is direct listing?

TAQA Arabia's has been listed on the EGX but awaits approval from the Financial Regulatory Authority (FRA) for trading.

Egypt's first gold fund raises EGP 152.8 million in initial subscription

Egypt’s first minerals investment fund, az-Gold, raised EGP 152.8 million ($4.94 million) through its initial subscription, according to a statement on Tuesday from Azimut Egypt which co-runs the fund with Evolve Holding.

Market watch: Gold continues dropping on Tuesday, Egyptian bourse ends in green

Gold prices continued dropping on Tuesday, and Exchange's benchmark, EGX30, inched up 0.84 percent.

Oil, gold prices rise on Monday, dollar falls

Benchmark US crude oil for July delivery rose 41 cents to $72.15 a barrel Monday. Brent crude for August delivery rose 58 cents to $76.71 a barrel.

Market watch: Gold prices dip, EGX sees mixed results on Monday

Monday saw a decline in gold prices to EGP 2,320 per gram, and the Egyptian stock market had a mixed day, with the benchmark ending in negative territory.

Egypt's cabinet to form unit for proposing regulations to ensure startups growth

Egypt's Prime Minister Moustafa Madbouly has instructed to establish a permanent cabinet unit assigned with proposing policies, laws and regulations that ensure the growth and prosperity of startups in Egypt.

Market watch: EGX100 hits record high, gold rebounds on Sunday

Gold continued to rise, and all of the EGX's indices had a positive performance, except for the benchmark, as EGX100 broke the 5,000-point level for the first time ever on Sunday.

TAQA Arabia powers into Egypt stock market listing

Beginning Sunday, TAQA Arabia's shares will be included in the EGX database under the ticker symbol (TAQA.CA) and will be assigned to the utilities sector, according to the EGX.

US stocks open mixed as traders digest debt limit deal

Wall Street stocks saw a mixed opening on Thursday after US lawmakers voted to pass a deal on the debt limit, marking a crucial first step to avert a catastrophic default.

Egyptian stocks retain strong weekly performance; Market cap rises EGP 35 bln

The Egyptian Exchange's (EGX) indices saw very active trading during the week ending 1 June, while the market capitalization gained EGP 35 billion.

Market watch: Gold prices, stocks rebound on Thursday

Gold continues its recovery on Thursday, while the Egyptian Exchange's market cap gained around EGP 3 billion.

Markets tumble as hardline Republicans threaten US debt deal

Asian markets sank Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.

Chip company Nvidia tops $1 tn in market value on Wall Street

Chip company Nvidia exceeded $1 trillion in market value Tuesday as Wall Street stocks mostly rose, following an agreement between President Joe Biden and Republican House Speaker Kevin McCarthy to avoid a US debt default.

Market watch: Egyptian stocks gain EGP 19 bln in market cap; gold recovers on Tuesday

The price of gold increased by EGP 160. The Egyptian Exchange's market capitalization gained EGP 19 billion

Market watch: Gold pound slips on Monday; Egypt's bourse benchmark breaks above 17.2k points

Gold prices started a downward trajectory after a few days of stability, while the Egyptian Exchange's benchmark, EGX30, inched up 0.47 percent to go over 17,200 points.

Egypt inaugurates 11th Africa Food Manufacturing exhibition

Egyptian Minister of Trade and Industry Ahmed Samir on Sunday inaugurated the 11th edition of the Africa Food Manufacturing (AFM) exhibition, which is being held in Cairo from 28 to 30 May.

Governement concludes sale of 10% stake of Telecom Egypt in last tranche deal

The Egyptian Exchange (EGX) announced on Sunday the successful execution of the second and last tranche of a deal to sell a governement owned 10 percent stake in Telecom Egypt, the country's largest telecom operator.

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