Cairo, Egypt (CNN) — The relative improvement of the Egyptian economy’s indicators was reflected in the stock market’s performance, which recorded the highest level in its history during the Sunday and Monday sessions of this week, and foreign investments resumed pumping investments again with limited values after a continuous sale that lasted 18 months. Capital … Read more
The Saudi stock market closed lower on Sunday, affected by the decline in oil prices, on Friday, amid fears of the European Union’s ban on Russia’s refined oil products. Oil prices fell on Friday, as Brent crude futures fell $2.23, or 2.7 percent, to $79.94 a barrel. Meanwhile, Saudi Energy Minister Prince Abdulaziz bin Salman … Read more
The Egyptian Prime Minister’s page published a statement released by the Egyptian Stock Exchange, as stock markets in the Middle East region have witnessed a difficult period in 2022, as inflation, high interest rates and the war in Ukraine have seriously affected investor sentiment, according to Chief Market Strategist – Middle East and North Africa … Read more
The Egyptian Stock Exchange made market gains of £22.2 billion, closing the market capitalization of shares of listed companies at £973.5 billion, up from £951.3 billion, a growth rate of about 2.34%. The leading market index, EGX30, rose by 2.04%, to 15,141.55 points, and the small and medium-sized business index, EGX70, rose by 4.97%, to … Read more
Cairo, Egypt (CNN) – CNN sources reported in Arabic that the Saudi Egyptian Investment Company – owned by the Saudi sovereign wealth fund – intends to increase the volume of its investments in Egypt in the coming period, by acquiring a stake in Misr Aluminum Company, and the increase in the stake in the Egyptian … Read more
Shareholders on the Egyptian Stock Exchange are awaiting 6 events for companies registered this week, foremost of which is the ruling in the lawsuit of the Cairo Development and Automobile Industry Company, a subsidiary of Arabia Investments Holding, against Peugeot Automobile, France, to claim a compensation of 150 million euros from Peugeot International, and the … Read more
03:56 PM Sunday 25 October 2020 – Books – Mustafa Eid: Last Friday, the Commercial International Bank officially announced the appointment of Sherif Sami as the bank’s non-executive chairman to succeed Hisham Ezz Al-Arab. The departure of Ezz Al-Arab came after exciting events that began on Thursday morning when the Egyptian Stock Exchange announced the … Read more