Financial markets
Gov’t accelerates program to expand state-owned company ownership: Madbouly
Egypt
February 27, 2024
Gov’t accelerates program to expand state-owned company ownership: Madbouly
Prime Minister Mostafa Madbouly said Sunday the government accelerates its program to expand ownership of state-owned companies via financial markets. He added…
Oil nears three-year high after OPEC fireworks
Middle East
July 6, 2021
Oil nears three-year high after OPEC fireworks
LONDON, July 6 (Reuters) – Oil prices were heading towards three-year highs on Tuesday, towing petrocurrencies and bond yields with…
Oman introduces long-term residencies for foreign investors
Middle East
June 23, 2021
Oman introduces long-term residencies for foreign investors
June 23 (Reuters) – Oman will start granting long-term residence visas to foreign investors, state media said on Wednesday, as…
Musk ‘trolling’ puts brakes on bitcoin’s rebound
Technology
June 4, 2021
Musk ‘trolling’ puts brakes on bitcoin’s rebound
Bitcoin slipped four percent on Friday after Tesla boss Elon Musk was at it again – this time firing off…
Egyptian Stock Exchange suspends trading after a 5% drop
Economy
March 23, 2021
Egyptian Stock Exchange suspends trading after a 5% drop
The Egyptian Stock Exchange suspended trading on Tuesday for 30 minutes after the EGX 100 index fell by 5 percent,…
Politically correct? Bond market steers clear of judgment calls
Middle East
March 23, 2021
Politically correct? Bond market steers clear of judgment calls
LONDON (Reuters) – When Saudi journalist Jamal Khashoggi was killed in 2018, London-based hedge fund manager Dominic Armstrong bet investors…
Lebanese are gripped by worry as economic meltdown speeds up
Middle East
March 19, 2021
Lebanese are gripped by worry as economic meltdown speeds up
BEIRUT (AP) — Shops closing, companies going bankrupt and pharmacies with shelves emptying — in Lebanon these days, fistfights erupt…
Analysis: How Wall Street gains from ‘populist’ trading movement
World
January 29, 2021
Analysis: How Wall Street gains from ‘populist’ trading movement
(Reuters) – Steep gains in shares of GameStop Corp and other stocks this week have been described as populist market…
Analysis: Foreigners suspend disbelief, edge back into Turkish markets
Middle East
January 25, 2021
Analysis: Foreigners suspend disbelief, edge back into Turkish markets
ANKARA/NEW YORK (Reuters) – Foreign investors who for years saw Turkey as a lost cause of economic mismanagement are edging…
Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO – sources
Middle East
January 18, 2021
Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO – sources
DUBAI/LONDON (Reuters) – Saudi Basic Industries Corp (SABIC) has hired NCB Capital to advise on a potential listing of its…