Zoom sales growth slows as more people return to work
Zoom Video Communications sales growth slowed last quarter as the extra demand for remote work and the company’s video-conferencing application eased, along with a pullback in the Covid-19 [...]
Stocks mixed as Biden taps Fed’s Powell for second term
The Dow Jones Industrial Average tacked on over 17 points or 0.05% while the S&P 500 and Nasdaq Composite slipped 0.32% and 1.26%, respectively after touching fresh record highs early on in [...]
CBE expected to keep interest rates on hold for eighth time in a row
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is expected to keep interest rates on hold during its seventh periodic meeting this year, on Thursday. The MPC periodic [...]
Al-Sisi directs government to utilise Road of Rams reopening celebration to promote Egypt’s ancient civilisation
Egypt’s President Abdel-Fattah Al-Sisi directed the Minister of Tourism and Antiquities Khaled El-Enany to utilize the planned reopening ceremony of the Road of Rams (ram-headed Sphinxes Avenue) [...]
Egypt is vitally important for expansion in emerging markets: Citibank
Citi sees Egypt as a very important and critical country among emerging markets, Rizwan Shaikh, Head of the EMEA Emerging Markets Corporate Banking at Citi has told Daily News Egypt. Shaikh also [...]
How would natural gas price rise affect industrial sector, stock market?
Egypt has increased natural gas prices for the industrial sector to $5.75/MMBtu, except for companies that calculate gas costs based on a formula tied to selling prices. Stock market experts [...]
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