Exchange

Angel investors examine exit options in Egypt after end of holding period

Mon, 25 May 2020 - 01:37 GMT

While the majority of start-ups need angel investments to grow, such investors have to be acquainted with exit options.

21 terrorists killed in fire exchanges with police forces in North Sinai

Sat, 23 May 2020 - 09:17 GMT

The terror elements planed to carry out terror attacks in Eid El Fitr taking place on May 24-26.

Egypt bourse okays e-voting amid coronavirus fears

Sun, 29 Mar 2020 - 09:36 GMT

The move will accelerate the approval of decisions of the companies' boards and general assemblies and save time, cost and efforts, it added.

3.7% growth in trade exchange with South Africa: ECS

Mon, 20 May 2019 - 01:37 GMT

The trade exchange between Egypt and S. Africa has achieved a growth of 3.7 percent in 2018 recording 287.8M dollars against 277.5 million dollars in 2017.

Trade exchange between Egypt, EU states registered €28bn in 2017: Cabinet

Sat, 23 Feb 2019 - 11:21 GMT

The volume of trade exchange between Egypt and the European Union states rose to €28 billion in 2017, compared to €17.4 billion in 2007.

Dollar reverses gains as traders eye Fed, ECB

Tue, 12 Jun 2018 - 10:58 GMT

The dollar’s early bounce fizzled on Tuesday, as markets saw few concrete measures emerging from the U.S.-North Korea summit.

Dollar exchange rate varies during morning transactions at major banks

Sun, 18 Feb 2018 - 01:26 GMT

The US dollar exchange rate showed varied performance during morning transactions at major banks Sunday.

Dollar exchange rate stable at Egypt's major banks

Thu, 15 Feb 2018 - 12:19 GMT

The US dollar exchange rate was relatively stable during morning transactions at major banks Thursday.

Dollar exchange rate records slight increase at major Egyptian banks

Wed, 14 Feb 2018 - 02:04 GMT

The US dollar exchange rate was slightly up during morning transactions at major banks on Wednesday.

Bitcoin jolted by regulation worries, falls 7 percent on extended selloff

Wed, 17 Jan 2018 - 09:22 GMT

The price of the world’s biggest and best known cryptocurrency fell to as low as $10,567 on the Luxembourg-based Bitstamp exchange.

U.S. company plans funds that double bitcoin price moves

Sat, 06 Jan 2018 - 10:20 GMT

U.S. fund managers are ramping up efforts to tap into the fever surrounding digital assets.

Business news warp-up

Mon, 25 Dec 2017 - 06:25 GMT

A wrap-up of the most prominent business news of the day.

Second bitcoin futures debut could lure volume to wild market

Sun, 17 Dec 2017 - 08:26 GMT

Bitcoin investors expect futures volumes to perk up when CME Group Inc, the world’s largest derivatives exchange operator.

Stable dollar exchange rate in Egypt buffers oil price hikes

Wed, 06 Dec 2017 - 04:08 GMT

Egypt spent LE 23.7 billion on petroleum subsidies in Q1, compared to LE 27.5 billion in allocations.

Dollar exchange rate stable at Egypt's banks

Wed, 15 Nov 2017 - 11:11 GMT

The US dollar exchange rate was relatively stable during morning transactions at major banks on Wednesday.

Dollar exchange rate stable at Egypt's banks

Tue, 14 Nov 2017 - 10:51 GMT

The US dollar exchange rate was relatively stable during morning transactions at major banks on Tuesday.

Saudi Aramco IPO on track for 2018 - Saudi crown prince

Thu, 26 Oct 2017 - 05:36 GMT

Saudi Aramco’s initial public offering is on track for next year and the national oil giant could be valued at more than $2 trillion.

Insurers drag down Saudi, UAE and Qatar firm

Wed, 11 Oct 2017 - 10:20 GMT

The main Saudi index fell 1.2 percent in the first hour as shares in 32 of Saudi Arabia’s 33 listed insurance firms sank, with AICC dropping 4.2 percent.

Business news wrap-up

Sun, 01 Oct 2017 - 06:01 GMT

A wrap-up for the most prominent business news of the day.

Saudi down, Kuwait blue chips firm on FTSE index decisions

Sun, 01 Oct 2017 - 09:32 GMT

In its annual country classification review on Friday, FTSE praised Riyadh’s market reforms but said it would need more time to evaluate their practical impact.

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