North africa news

12:12 AM Gold down 0.9% for the week
Gold prices fell on Friday, due to a strong performance by the US dollar driven by strong economic data.
12:09 AM Oil prices record 2.5% weekly losses
Oil prices declined on Friday, with growing concerns regarding a possible weakened global energy demand
Ministers Amr Nassar and Amelia Kyambadde met on Friday
14 December 11:19 PM Egyptian investors to visit Uganda
Cairo - Mubasher: Egyptian trade and industry minister Amr Nassar has agreed with his Ugandan counterpart Amelia Kyambadde more cooperation between the two countries. A delegation of Egyptian investors and businessmen will visit Uganda in the …
The minister’s remarks were during a meeting with representatives from the United Nations Economic Commission
14 December 11:13 PM Egypt to launch digital transformation strategy early 2019
Cairo - Mubasher: Egypt is set to launch a new digital transformation initiative in production and export sectors next month, according to trade and industry ministry Amr Nassar. Nassar said in a statement on Friday that the new initiative aims at …
14 December 08:30 PM Moody's affirms Lebanon's rating, downgrades outlook
Moody's Investors Service changed the outlook to negative from stable on the Government of Lebanon's issuer ratings and affirmed the ratings at B3
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14 December 08:30 PM Egypt, China discuss new train projects
Cairo - Mubasher: Egypt plans to establish new railways between Luxor and Hurghada, and from 6th of October City to Aswan and Luxor. The projects could be by cooperation between the Egyptian government and the China Civil Engineering Construction …
14 December 05:52 PM US industrial output growth picks up steam in November
US industrial production expanded in November on the back of cold weather-induced utility usage, data by the Federal Reserve Bank showed on Friday.
14 December 04:53 PM Tesla lowers China car prices after tariff drop US autos
Tesla lowered prices for its Model S and Model X vehicles in China, after Beijing decided to suspend extra duties on autos from the US.
14 December 04:37 PM US retail sales rise 0.2% in November
Initial estimates suggested that US retailers saw a month-on-month sales growth in November, official data revealed on Friday.
14 December 03:57 PM China to halt 25% tariff on US autos
China said it would temporarily put its extra 25% tariff on US vehicles on hold.
14 December 03:05 PM Russia raises rate, plans to continue FX purchases
Russian Central Bank raised its benchmark interest rate on Friday, in response to rising inflation.
14 December 02:32 PM German confident in economy, but warns of risks
Germany's Bundesbank voiced its confidence that the economy would overcome its latest slowdown, warning that rising protectionism and a no-deal Brexit threaten the outlook.
14 December 01:03 PM US plans to officially postpone tariff hike to March–Report
The US administration would announce officially its decision to postpone a tariff raise on $200 billion in Chinese imports until 1 March.
14 December 12:14 PM Eurozone business growth hits 4-yr low in December
Provisional estimates for the Eurozone indicated that economic activity growth slowed down in December to the weakest pace in more than four years.
14 December 11:45 AM Gold slips as dollar gains, investors focus on Fed meeting
Gold fell on Friday, as a stronger US dollar weighed on the precious metal which was heading to post its largest fall in five weeks.
14 December 11:14 AM Oil falls on China economy fears, as supply curbs support
Oil fell on Friday amid worries about the slowdown in Chinese economic growth, but supply curbs announced by oil producers offered some support for prices.
14 December 12:48 AM Trump wants Fed to stop interest hikes  
Mubasher: The President of the United States hopes that the Federal Reserve will not be raising interest rates anymore
14 December 12:40 AM US budget deficit up 48% in November 
The United States saw a jump in the budget deficit in November, due to an increased public spending.
14 December 12:34 AM Oil settles with big gains 
Oil prices ended today's trading session on a higher note supported by plans by major producers to cut crude output
14 December 12:26 AM Gold settles lower Thursday 
Gold prices declined on Thursday, with the US dollar showing a strong performance against major currencies
Bahrain's government is currently working on a raft of policies to prop up startups
13 December 09:20 PM Bahrain eyes becoming innovative hub for startups in GCC- EDB
By: Mohammad Shokhba Cairo – Mubasher: Bahrain is seeking to be the innovative hub for startups in the GCC region, Mohamed Hejres, senior manager of investors relations and government affairs at the Bahrain Economic Development Board (EDB), said. …
13 December 09:10 PM Hermes expects CBE to lower interest 2% 
EFG Hermes expects interest rates in Egypt to decline by 2% next year
13 December 08:48 PM EGX recovers, ends week in gains 
The Egyptian Exchange (EGX) ended the second week of December on a positive note, recovering some of its recent losses
13 December 06:34 PM US natural gas storage drops as prices surge
The US natural gas inventories dropped by 77 billion cubic feet (Bcf) in the week ended 7 December to a total of 2,914 Bcf.
13 December 06:30 PM ECB’s head sees economic risks ‘moving to downside’
The European Central Bank President Mario Draghi warned that economic risks facing the Eurozone are now “moving to the downside.”