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money markets
World stocks rise into year-end on 2021 recovery hopes
Wall Street was set to open higher and world stocks edged towards recent record highs on Wednesday, with investor hopes of a strong economic recovery next year also pushing the safe-haven dollar to…
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Gender parity is getting a push from Egypt’s Financial Regulatory Authorityn
Egypt’s Financial Regulatory Authority’s (FRA) Board of Directors has, at its closing meeting for the year, revealed its agenda which includes decisions on four important files related to the…
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Global stocks, oil lead risk rally on U.S. stimulus hopes
Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier assets and had the dollar eyeing…
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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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