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money markets
Japan’s Nikkei 225 surges to levels not seen since early 1990s; Asia-Pacific markets mixed
Asia stocks were mixed on Tuesday following overnight gains on Wall Street that sent the major averages to record highs.
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EFG Hermes gets FRA’s approval for CIRA’s EGP 600m Sukuk issuance
The Egyptian Financial Regulatory Authority (FRA) gave the greenlight to EFG Hermes Sukuk Co to issue Sukuk Al-Mudarabah for Cairo for Investment and Real Estate Development (CIRA) to finance its…
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Oil prices to reach 51/bbl by 2021, but will remain low through 2029: Fitch Solutions
The global economy is expected to return to growth in 2021, yet oil prices will remain below pre-Covid-19 crisis levels for several years ahead, according to Fitch Solutions.
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Bitcoin’s market value now $468 billion, bigger than GDP of Africa’s largest economy
The price of the world’s most popular cryptocurrency recently surpassed $25,000, reaching a new milestone of $25,199.50 on FTX exchange and surpassing the Gross Domestic Product of any country in…
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B Investments Holdings sells 20% of stake in Total Egypt for EGP 146m
B Investments Holdings has signed an agreement to sell 20 percent of its stake in Total Egypt to the French multinational integrated oil and gas company Total SA for a value of 146.4 million Egyptian…
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European stocks mixed amid hopes for Brexit trade deal; UK banks jump
European stocks traded mixed in a light trading session Thursday as traders grew optimistic a Brexit trade deal would be reached.
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US Dow futures rise ahead of holiday-shortened session
U.S. stock futures rose in early trading Thursday ahead of the final trading day of the holiday-shortened week.
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Oil prices drop amid curb on air travels
Oil prices drifted lower at the mid-week trading session in London. The plunge in crude oil prices is largely due to a surge in U.S. crude oil stockpiles and the travel restrictions put in place to…
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EGX ends Wednesday in green on local, foreign purchases
The Egyptian Exchange (EGX) closed Wednesday’s trading on a positive note on the back of foreign and local purchases.
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Moroccan Dirham gains 0.86% against Dollar, 0.30% against strong Euro
The Bank Al-Maghrib (BAM) announced that the Moroccan dirham has appreciated in value against both the US dollar and the euro. Morocco’s national bank reported that over the period between the 10 and…
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