direct: The general index of the Amman Stock Exchange witnessed a decline at the end of trading on Tuesday, by 0.7 percent, to reach the level of 2441.06 points, losing 17.24 points from its levels in yesterday’s session, Monday. Today, the index was affected by a decline in leading stocks. Jopetrol fell 2 percent, phosphate … Read more
Muhammad Shaker – Mubasher: The shares of Shuaa Capital, listed on the Dubai Financial Market, declined at the close of trading on Tuesday, recording the lowest closing since listing. At the end of today’s trading, the stock declined by 6.97 percent to a price of 0.271 dirhams. According to market data, the stock witnessed transactions … Read more
Noha Makram – Live – The dollar stabilized against its major counterparts on Tuesday, after halting its rise after Federal Reserve officials turned a somewhat dovish tone. Movements during the Asian session were weak, with traders awaiting more statements from Federal Reserve officials later in the day, as well as the minutes of the Fed’s … Read more
Al-Marsad newspaper: British bank HSBC expects the Egyptian pound to decline by 25% against the US dollar. HSBC Bank believed that the price of the Egyptian pound would approach its price in the parallel market that prevailed for most of the last quarter of this year, i.e. approximately 38 to 39 pounds per dollar. It … Read more
The governor of the Bank of France and member of the ECB board, Francois Villeroy de Galhau, believes that the European Central Bank has concluded its bullish cycle. “Today I think there is no reason for a further rate hike,” he said in an interview with Handelsblatt. “There’s a lot of debate about peaking rates: … Read more
Noha Makram – Live – The number of Americans filing for initial unemployment benefits rose slightly last week, while layoffs declined in September, indicating continued tightness in the labor market. Initial unemployment benefits rose by two thousand claims to a seasonally adjusted 207,000 during the week ending September 30, according to what the Labor Department … Read more
Abu Dhabi – Mubasher: The main purchasing managers index of S&P Global in the UAE rose from 55.0 points in August to 56.7 points in September. According to index data, the 1.7-point increase in the main index was largely driven by the new orders sub-index, which rose by more than seven points, recording its highest … Read more
Live: The American bank, Morgan Stanley, announced that it has revised its future outlook on Egypt’s debts to a negative outlook after shifting to a “non-favorable” position from “neutral”, due to the increase in the amount of risks it faces with regard to credit in the near term. In its report issued and published by … Read more
It is almost a given that the Minister of the Treasury, who in this case is Juan Alfonso Ruiz Molina, has many headaches. And even more so at this time when he has to balance the budgets for next year. But if there is something that he does not have to worry about right now, … Read more
Cairo – Mubasher: The Ordinary General Assembly of Abu Qir Fertilizers and Chemical Industries Company approved the Board of Directors’ report and financial statements for the last fiscal year ending in June 2023. The company said in a statement to the Egyptian Stock Exchange on Sunday that the general assembly agreed to distribute a cash … Read more