Financial markets

Gov’t accelerates program to expand state-owned company ownership: Madbouly
Egypt

Gov’t accelerates program to expand state-owned company ownership: Madbouly

Prime Minister Mostafa Madbouly said Sunday the government accelerates its program to expand ownership of state-owned companies via financial markets. He added…
Oil nears three-year high after OPEC fireworks
Middle East

Oil nears three-year high after OPEC fireworks

LONDON, July 6 (Reuters) – Oil prices were heading towards three-year highs on Tuesday, towing petrocurrencies and bond yields with…
Oman introduces long-term residencies for foreign investors
Middle East

Oman introduces long-term residencies for foreign investors

June 23 (Reuters) – Oman will start granting long-term residence visas to foreign investors, state media said on Wednesday, as…
Musk ‘trolling’ puts brakes on bitcoin’s rebound
Technology

Musk ‘trolling’ puts brakes on bitcoin’s rebound

Bitcoin slipped four percent on Friday after Tesla boss Elon Musk was at it again – this time firing off…
Egyptian Stock Exchange suspends trading after a 5% drop
Economy

Egyptian Stock Exchange suspends trading after a 5% drop

The Egyptian Stock Exchange suspended trading on Tuesday for 30 minutes after the EGX 100 index fell by 5 percent,…
Politically correct? Bond market steers clear of judgment calls
Middle East

Politically correct? Bond market steers clear of judgment calls

LONDON (Reuters) – When Saudi journalist Jamal Khashoggi was killed in 2018, London-based hedge fund manager Dominic Armstrong bet investors…
Lebanese are gripped by worry as economic meltdown speeds up
Middle East

Lebanese are gripped by worry as economic meltdown speeds up

BEIRUT (AP) — Shops closing, companies going bankrupt and pharmacies with shelves emptying — in Lebanon these days, fistfights erupt…
Analysis: How Wall Street gains from ‘populist’ trading movement
World

Analysis: How Wall Street gains from ‘populist’ trading movement

(Reuters) – Steep gains in shares of GameStop Corp and other stocks this week have been described as populist market…
Analysis: Foreigners suspend disbelief, edge back into Turkish markets
Middle East

Analysis: Foreigners suspend disbelief, edge back into Turkish markets

ANKARA/NEW YORK (Reuters) – Foreign investors who for years saw Turkey as a lost cause of economic mismanagement are edging…
Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO – sources
Middle East

Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO – sources

DUBAI/LONDON (Reuters) – Saudi Basic Industries Corp (SABIC) has hired NCB Capital to advise on a potential listing of its…
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