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30 April 05:26 AM

North africa news

17 January 2019 02:11 PM Eurozone annual inflation slows to 1.6% in December, EU 1.7%
The final figures suggested that the Eurozone annual inflation declined to 1.6% in December, from 1.9% in November.
Global Reports
17 January 2019 01:56 PM Gold stabilises as dollar firms on rate hike pause prospects
Gold prices steadied on Thursday as a firmer dollar wiped out the impact of expectations of a pause in interest rate hikes by the Fed.
Global Markets brief
17 January 2019 00:50 PM Oil drops on record US crude output, weak demand fears
Oil prices fell on Thursday as US crude output rapidly approached an unprecedented 12 million barrels per day, amid concerns about weakening demand.
Oil and Energy
17 January 2019 00:36 AM EGX may remove 8 stocks from benchmark – Beltone Research
Cairo – Mubasher: A group of eight companies are expected to be removed from the Egyptian Exchange's (EGX) benchmark EGX30 index.
Global Reports
17 January 2019 00:29 AM Oil goes up at Wednesday's settlement
Mubasher: Oil futures settled higher on Wednesday due to the decline in the US inventories.
Oil and Energy
16 January 2019 11:34 PM Gold settles up on Wednesday
Mubasher: Gold went up at Wednesday’s settlement, backed by the negative developments in respect of Brexit.
Goods and Metals
16 January 2019 08:27 PM Goldman Sachs swings to profit in Q4
Goldman Sachs posted a year-on-year profit in the fourth quarter of 2018, while its investment banking and investing and lending revenues came better than expected.
Global Reports
16 January 2019 07:34 PM US crude inventories drop as oil prices rise
US crude oil stockpiles fell by 2.7 million to 437.1 million barrels in the week ended 11 January.
Oil and Energy
16 January 2019 07:24 PM Egypt launches Rod El-Farag Suspension Bridge project
Cairo – Egypt: Egypt is planning to build a massive suspension bridge over the Nile, named Rod El-Farag Suspension Bridge.
Global Reports
16 January 2019 07:23 PM Egypt’s gov’t OKs EUR 150.5m pact with Germany
Cairo – Mubasher: The Egyptian cabinet has approved an agreement with Germany on the technical and financial cooperation with total investments of EUR 150.5 million.
Global Reports
16 January 2019 07:21 PM Egypt closes $1.2bn deal with China’s EximBank for electric train
Cairo – Mubasher: Egypt’s National Authority for Tunnels (NAT) has signed a $1.2 billion agreement with China’s EximBank to finance a light rail system.
Global Reports
16 January 2019 07:19 PM US builder sentiment recovers in January
US home builder morale improved in January on a gradual decline in mortgage rates in recent weeks, data showed on Wednesday.
Global Markets brief
16 January 2019 06:59 PM Bank of America profit surges in Q4 on higher rates
Bank of America on Wednesday reported a year-on-year 208% surge in its net income during the fourth quarter of 2018, while its revenue climbed 11%.
Global Reports
16 January 2019 06:53 PM Qalaa Holdings buys Qatar Petroleum’s stake in Egyptian Refining
Qalaa Holdings signed a MoU with state-run Qatar Petroleum to purchase an additional stake in the Egyptian Refining Company.
Global Markets brief
16 January 2019 06:52 PM Kuwait invests $2.8bn in Egypt
Kuwait’s investments in Egypt have amounted to $2.8 billion reflecting a business of 1,247 companies
Global Markets brief
16 January 2019 06:34 PM Dubai Frame attracts 1m visitors in a year
The 150-metre structure offers views of Dubai’s old and modern city
Global Markets brief
16 January 2019 06:31 PM Etihad Airways launches world’s 1st flight run by UAE plants
Sustainable fuel for the flight was produced from oil in Salicornia plants
Global Reports
16 January 2019 06:18 PM Fiserv to acquire First Data for $22bn
US financial technology provider Fiserv on Wednesday announced that it would purchase payment processor First Data in an all-stock $22 billion deal.
Global Markets brief
16 January 2019 05:58 PM Platinum may become new ‘Dark Horse’ among metals – PIMCO
Platinum is expected to be the dark horse among major metals in the coming period due to its low price
Goods and Metals
16 January 2019 05:44 PM US import prices fall in December on lower fuel costs
The costs of the US import dropped in December 2018, helped mainly by lower fuel prices, data showed on Wednesday.
Global Reports
16 January 2019 05:11 PM Turkey C.bank keeps policy rate on hold as inflation slows
Turkey's central bank left its benchmark interest rate unchanged on Wednesday, mollifying investor worries that it could relax policy after inflation retreated.
Global Reports
16 January 2019 04:30 PM No-deal Brexit could be ‘fatal’ – German automakers  
German car manufacturers on Wednesday warned of dire consequences, if the UK crashed out of the European Union without an accord.
Global Markets brief
16 January 2019 03:51 PM GCC sovereign outlook seen stable despite several challenges – Moody’s
Global Reports
16 January 2019 02:53 PM European 2018 car sales ticks up, extends 5th yearly growth
The European car market grew slightly in 2018, despite contractions in the last four months owing to a new emission test, data showed on Wednesday.
Global Markets brief
16 January 2019 01:56 PM UK inflation inches down to 2.1% in December
The UK’s consumer price index (CPI), the country’s headline inflation indicator, edged down to 2.1% year-on-year in December 2018, from 2.3% in November.
Global Markets brief