Noha Makram – Live – Gold prices stabilized on Tuesday near their highest levels in three months with weak US manufacturing sector data and construction spending as investors awaited testimony by Federal Reserve Chairman Jerome Powell to Congress on key jobs data. The spot price of gold settled at $2,114.99 per ounce, approaching its highest … Read more
Cairo – Mubasher: The Board of Directors of Talaat Mostafa Group Holding Company proposed cash distributions to shareholders for last year’s profits. The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the proposal includes distributing a cash coupon of 0.218 pounds per share, to be distributed in two installments, the … Read more
Direct: Contract prices rose, in Tuesday’s trading settlement, following reports indicating that the OPEC+ alliance is considering extending the agreement to voluntarily reduce oil production in the second quarter, in addition to Russia’s ban on gasoline exports for 6 months, starting from the first of March. Brent crude futures for May delivery – the most … Read more
Cairo – Mubasher: The Misr City Housing and Development Company issued an explanatory statement regarding the approval to return ownership of Azza Al-Hagana’s land to the Cairo Governorate as a community contribution. The company confirmed, in a statement to the Egyptian Stock Exchange today, that the 634-acre land previously allocated to the company is not … Read more
Direct: Gold futures prices fell at the close today, Friday, with investors focusing on the US Consumer Price Index data in January, scheduled to be released next Tuesday, to build expectations about when the Federal Reserve will cut interest rates. Gold futures prices for April delivery fell by 0.45%, or $9.2, at $2,038.7 per ounce, … Read more
Noha Makram – Live- The number of Americans filing for unemployment benefits fell more than expected last week, indicating underlying labor market strength despite a recent rise in layoffs. Initial unemployment claims fell by 9,000 to a seasonally adjusted 218,000 during the week ending February 3, the Labor Department announced Thursday. Economists in a Reuters … Read more
Live: Oil prices closed trading in global markets, today, Tuesday, at an increase in light of anticipation of geopolitical events. Nymex crude futures for March delivery rose 62 cents, or 0.85 percent, to reach $73.40 per barrel upon settlement, according to the Middle East News Agency. Brent crude futures for April delivery reached $78.61 per … Read more
Noha Makram – Live- Oil prices stabilized broadly on Tuesday, as investors awaited whether US Secretary of State Anthony Blinken’s tour of the Middle East would result in an end to the Gaza war, which has raised concerns about supplies from the main oil-producing region. Brent crude futures fell by 8 cents to $77.91 per … Read more
Mustafa Reda – Mubasher: American stock indices closed trading on Friday, on the rise, driven by strong gains from shares of major technology companies such as Meta, Amazon, Microsoft, and Nvidia. The Standard & Poor’s 500 and Dow Jones Industrial Average recorded new record closings, the seventh and ninth in a row for this year, … Read more
Live: Oil prices jumped at the close of trading on Thursday, with demand expectations rising thanks to strong economic growth in the United States. Brent crude prices rose by 97 cents, or 3.05 percent, which is equivalent to $82.48 per barrel, and US West Texas Intermediate crude oil increased by $3.06, or 2.29 percent, which … Read more