CAIRO: Noatum, an AD Ports Group company, announced the acquisition of a majority stake in Safina B.V., a leading provider of maritime agency and cargo services in Egypt and across the Middle East region. The deal is expected to close in Q3 2024.
The…
The dollar hovered not far from a two-week high to the yen on Friday after its biggest one-day gain against major peers in four weeks as firm US economic data all but eliminated fears of a recession.
The greenback had been given an extra boost agains…
The Central Bank of China conducted 137.8 billion yuan (nearly $19.28 billion) of seven-day reverse repos at an interest rate of 1.7% on Friday.
The move aims to keep liquidity reasonable and ample in the banking system, the central bank said, accord…
The price of Kuwaiti oil went down 56 cents to reach $79.92 per barrel on Thursday, compared to $80.48 pb the day before, according to Kuwait Petroleum Corporation (KPC) on Friday.
On the global scale, the Brent crude futures’ contracts went up $1.28…
Doha: The Industrial Production index (IPI) for June 2024 reached 96.1 point, increased by 2.5 percent compared to the previous month (May 2024), and decreased by 7.5 percent, when compared to the corresponding month in 2023.
This index measures the …
Japanese stocks closed higher on Monday.
The Nikkei rose nearly 3 percent and posted its best weekly performance in more than four years after strong U.S. retail sales data eased concerns about a recession in the world’s largest economy and Japan’s b…
European stocks ended trading this week with strong gains, amid optimism following a series of positive US data.
The European Stoxx 600 index Friday rose 0.3 percent , recording its best weekly performance since May 6, as it increased by 2.4 percent …
Gold prices rose Friday, heading towards achieving weekly gains, supported by increasing hopes for a US interest rate cut in September.
Gold rose in spot transactions by 0.6 percent to USD 2,471.79 per ounce, and rose by 1.7 percent since the beginni…