Latest in Tag: Market Highlight
Latest in Tag: Market
Israel to give Egypt 2% of QIZ earnings
The action was said to follow Tarabinâs release on 10 December
In Video: ‘Bab Al-Louk’ A tale of busy market to abandonment
Video By Asmaa Gamal and Ahmed Hendawy Montage by Omar Korashi
China’s stocks rout evokes global slowdown fears
The more than 8% plunge in the Shanghai Stock Exchange on Monday, 24 August , is the biggest single-day loss Chinese stocks have seen since the peak of the global financial crisis in 2007
Stocks of Safwan Thabet frozen, Abderdeen increases stakes in Juhayna
Stock marketâs main index EGX-30 dropped by 0.94%, registering at 7172.6 points
Spinneys continues to expand in Egypt
Spinneys opened its first branch in Egypt nine years ago, and since then has made significant strides to increase its presence locally and also to enhance the brandâs image and awareness.
20 companies list on EGX in FY 2014/2015
Companies raised total of EGP 5bn
CBE approves tourism ministry request for currency exchange with Russia: Official
EGP devaluation against US$ pushed for request approval in order to overcome crisis of decrease in Russian tourism
Chinese âantiquitiesâ scattered in Egyptian bazaars
Many tourist bazaars were closed, abandoned by tenants or turned into cafes, says Hussein Al-Gabry
Nestlé doubled local work force from 3,200 to 6,300 employees: CEO
After government reforms and economic growth, there are plans to continue commitment to Egyptian market, says Nestle North East Africa CEO
New Suzuki Ciaz to launch next week at EGP 122,500
The carâs engine has 4 cylinders with 1400 cc, generating energy of duplicate 107HP with automatic transmission. It includes features like a fingerprint key, centre lock, and more.
In the heart of Cairo, a grand old market survives against the odds
All the 1950s vintage boutiques were located on this veranda, but most of them have closed long ago.
Stock markets losses EGP 9.4bn
Trading on Orascom Hotels and Development stocks started during Tuesdayâs session
Gold prices remain low: FEDCOC Gold Division Head
Official says gold prices were not notably affected by oil pricing crisis
Russian deal will make Egyptian products more competitive, increase tourism and trade: Russian-Egyptian Business Council member
Government sources confirm sufficiency of Russian tourism in Egypt, despite tumble in value of rouble
Petroleum prices drive stock market down: Experts
Market gains EGP 5.9bn Monday after witnessing a huge loss the previous day
Future of real estate in Egypt a prominent theme in Abu Dhabi investor conference
Egypt is the largest real estate market in the region and its demographics suggest huge potential for growth
Cars prices in Egypt grow amid consumer frustration
Car experts blame high US dollar exchange rates and popular demand for fuel saving cars for increase
Food prices expected to rise 20% following fuel subsidy cut: Experts
Food products will rise by approximately 20% on higher costs of fuel used for transportation and production, says professor of agricultural economy
HSBC sees huge opportunity for credit card growth: Bankâs head of retail and wealth management
Three main factors affect how high or low credit card penetration can be in a country, HSBC official explained
Hotels chamber demands property tax to be based on replacement value
Using replacement value method would reduce property tax for Cairene hotels by 90%, says deputy chairman
Cairo International Airport offers tender to choose company to market Airmall
Airport hopes to take advantage of Airmall following suspension of its commercial activities
Over 50 Egyptian companies seek to enter Jordanian market
Egyptian companies are looking for opportunities to enter the Jordanian market as Syrian crisis cut trade between the latter two
Arabian Cement shares jump EGP 10.39 on first day of trading on EGX
CEO says IPO primarily aims to allow exit of investors, and can in the future contribute to increase the companyâs capital
Interim government striving to reduce prices by restructuring public sector companies
By Mohammed Ayad The government is set to remove various heads of its holding companies in a step aimed at restructuring the crisis-stricken public business sector and increasing competitiveness through price adjustment, according to the prime ministerâs spokesman, Sherif Shawky. Shawky added that Prime Minister Ibrahim Mehleb is consulting with Minister of Industry Foreign Trade …
Dubai lender Amlakâs Bourse suspension to be lifted
Reuters – The shares of indebted mortgage lender Amlak will resume trading on the Dubai bourse in the second half of this year, the United Arab Emiratesâ economy minister said on Monday. Trading in shares of Amlak, which is in the process of restructuring debt that sources put at nearly $2bn, was suspended in November …
Kuwaitâs takaful firms struggle in crowded market
Reuters – Kuwaitâs first Islamic insurer was born 14 years ago, but its takaful firms are still struggling in a crowded market that faces cut-throat competition. This has led to stagnant growth and persistent losses for takaful firms operating in Kuwait, one of the worldâs richest countries on a per capita basis, raising doubts about …
US stocks hit by emerging-market fears
The Dow Jones Industrial Average sank 180.26 points (1.14%) to 15,698.85 over the five days of trade.
Abu Dhabi residential real estate rebounds strongly in 2013
Abu Dhabiâs real estate market slumped about 50% from its peak in 2008 after the global financial crisis triggered a crash
Egyptâs ânew normalâ aids financial market rebound
Egyptâs economy was growing at about 6% annually for several years before Mubarak was ousted.
Stock indices down after 25 January anniversary
Market reflects political instability, says Arabiya online Financial Analyst