Stock

EGX Gains LE20 bn At beginning Of Trading On Back Of Govt Reshuffle
Business

EGX Gains LE20 bn At beginning Of Trading On Back Of Govt Reshuffle

The Egyptian Exchange (EGX) gained about LE20 billion at the beginning of trading on Wednesday 3/7/2024 amid optimism among investors…
Elon Musk sells nearly 8 million shares of Tesla stock
Technology

Elon Musk sells nearly 8 million shares of Tesla stock

New York (CNN Business) – Tesla CEO Elon Musk sold 7.9 million shares of Tesla stock in recent days, raising…
Alibaba stock jumps after announcing Hong Kong primary listing
Business

Alibaba stock jumps after announcing Hong Kong primary listing

New York (CNN Business) – Alibaba announced a plan to allow more mainland Chinese investors to invest in the stock.…
Egypt has strategic balances for all food commodities: Minister
Egypt

Egypt has strategic balances for all food commodities: Minister

The Egyptian Minister of Supply and Internal Trade, Aly al-Moselhy, assured that his country has strategic stocks for all crops…
Netflix stock plunges after subscriber losses
World

Netflix stock plunges after subscriber losses

New York (CNN Business) – Netflix’s bad 2022 just got worse. After shares tanked earlier this year because of concerns…
Saudi Arabia gives 4% of Aramco worth $80B to sovereign fund
Middle East

Saudi Arabia gives 4% of Aramco worth $80B to sovereign fund

DUBAI, United Arab Emirates (AP) — Saudi Arabia said Sunday it will transfer four percent of the stock in the…
World markets drop; London hit by Brexit delay reports
World

World markets drop; London hit by Brexit delay reports

Global stock markets fell Tuesday, as China-US trade talk euphoria faded, with London also sliding as the British pound rallied…
Global stocks rise as slowing China growth boosts stimulus prospects
Business

Global stocks rise as slowing China growth boosts stimulus prospects

Shares in Europe and Asia rose and the dollar gained after data showing China's economy grew last year at its…
UAE’s Abraaj offers $118 mn for 100% of Egypt’s Bisco Misr
Business

UAE’s Abraaj offers $118 mn for 100% of Egypt’s Bisco Misr

UAE's Abraaj Investment Management has made a formal offer of LE850 million (US$118.88 million) for 100 percent of Bisco Misr,…
Shareholders with 56% of Egypt’s Bisco Misr agree to sell
Business

Shareholders with 56% of Egypt’s Bisco Misr agree to sell

Shareholders holding 56 percent of Egyptian snack maker Bisco Misr have agreed to sell their shares to United Arab Emirates-based…
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