Egypt news

13 minutes ago Gold narrows its weekly losses

Gold prices settled on Friday at a higher note, but registered weekly losses

Goods and Metals

1 hour ago China could target America’s big 30

China could target American companies in part of retaliation against the tariffs imposed by the Trump Administration

Global Reports

4 hours ago North, South Korea agree cross-border family reunions

North and South Korea on Friday agreed to resume reunions for families separated after the decades-long Korean War sealed the borders between the countries.

Global Reports

5 hours ago Lebanon’s economy to grow 2.5% in 2018 - Moody's

Public debt problem still posing a major challenge

Global Reports

06:39 PM OPEC agrees to raise output by undisclosed amount

Members of the Organization of Petroleum Exporting Countries (OPEC) on Friday announced that they agreed on ramping up their oil production, easing their supply curbs.

Global Markets brief

06:31 PM IMF praises ECB commitment to policy

The Highly rated euro-denominated debt securities are likely to become increasingly scarce

Global Reports

05:47 PM Eurozone’s growth challenged by risks

Global and domestic risks are rising, including escalating trade tensions, policy complacency among member states, and political shocks

Global Reports

05:44 PM Blackberry Q1 profits, revenues beat forecasts

Blackberry on Friday posted its profits and revenues in the first quarter that came beyond analysts’ expectations on the back of software high growth

Global Reports

03:54 PM Iran hints ‘cooking’ deal to hike OPEC output

Meeting between members of the Organization of Petroleum Exporting Countries (OPEC) on Friday seemed to result in an agreement on ramping up oil supply.

Global Markets brief

02:11 PM Eurozone agrees plan to end Greece’s bailout

Eurozone finance ministers on Friday agreed on debt relief for Greece and a large cash payout as part of a broad bailout programme exit deal.

Global Markets brief

12:26 PM Eurozone business growth rebounds in June

Flash estimates for the Eurozone showed that business activity growth gained momentum in June.

Global Reports

11:37 AM Germany's private sector growth improves in June

Germany’s private sector slightly picked up steam in June from 20-month low pace in the previous month, driven by resilient demand in the service sector.

Global Reports

10:56 AM Oil rises on uncertainty over OPEC meeting, trade dispute

Oil climbed on early Friday, driven by uncertainty as to whether OPEC members would agree on increasing production at their meeting later in the day.

Oil and Energy

21 June 11:40 PM Mexico raises interest rates 0.25%

The Central Bank of Mexico decided on Thursday to raise its main interest rate in order to combat the depreciation of the local currency

Currencies

21 June 11:32 PM Oil falls as OPEC set to raise production

Saudi Arabia and Russia are supporting the moves to increase production

Oil and Energy

21 June 11:25 PM Gold prices down for 3rd day in row

Gold prices declined for the third consecutive day, and ended Thursday’s trade on a lower note despite a decline in the US dollar

Goods and Metals

21 June 08:33 PM Investcorp examines credit market landscape, opportunities

Mubasher: Investcorp released on Thursday a white paper on the six credit-related strategies that may help deliver value in today’s market environment, under the title “Opportunities in Credit”. The research paper examines United States …

Macroeconomics

21 June 08:27 PM Egypt’s new PM discusses economic reforms

Cairo - Mubasher: The Egyptian Prime Minister Mostafa Madbouli has discussed with finance minister Amr El-Garhy the plans to reform the tax system. The PM also discussed the monetary policy and economic reforms in a separate meeting with the …

Macroeconomics

21 June 06:50 PM Eurozone, EU consumer confidence falls in June

Consumer confidence in both the Eurozone and European Union (EU) dipped in June, the preliminary estimates revealed on Thursday.

Global Markets brief

21 June 06:15 PM US house prices grow in April below forecasts

US house prices increased in April, seasonally adjusted data by the Federal Housing Finance Agency (FHFA) showed on Thursday.

Global Markets brief

21 June 05:41 PM US natural gas storage, prices rise

Mubasher: The US Energy Information Administration (EIA) reported that the country’s natural gas storage rose by 91 billion cubic feet (Bcf) last week.

Oil and Energy

21 June 05:36 PM Eni sells 10% of Zohr to Mubadala

Mubasher: Eni sold a 10% stake in the Shorouk concession to Mubadala Petroleum. The Shorouk concession is offshore Egypt, where the supergiant Zohr gas field is located, according to the company’s statement. Eni now holds a 50% stake of the …

Companies Investments

21 June 05:31 PM India slaps higher duties on US farm, metal imports

Mubasher: India raised duties on a slew of US farm and metal products, in retaliatory response to Washington’s tariff hikes on steel and aluminium imports.

Global Markets brief