Media IN Cairo 7th-07-2019 The US dollar exchange rate against the Egyptian pound has settled earlier on Sunday at some local banks. The USD has remained unchanged at EGP 16.58 for buying and EGP 16.68 for selling at National Bank of Egypt (NBE), Banque Misr, Bank Audi, and Al Baraka …
Read More »A Saudi-Indonesian partnership to promote cooperation in digital innovation and entrepreneurship
Riyadh 05-07-2019 The Makkah Valley Technology Company of Umm Al Qura University yesterday signed two memoranda of cooperation with Tarveloka and Tokopedia of Indonesia to support and develop the areas of digital innovation and exchange of experiences to enable digital entrepreneurship to contribute to the advancement of Saudi development and …
Read More »Pakistani stocks close lower
Islamabad 05-07-2019 The index of the Karachi Stock Exchange, the largest stock market in Pakistan today, fell by 1.11%, equivalent to 380 points, closed at 34190 points. A total of 42353410 shares were traded in 275 transactions, while the market capitalization of 71 companies rose. The value of 191 companies …
Read More »US stocks start trading lower
New York 05 -07-2019 SPA US stocks fell at the opening today as a strong rebound in job growth in the US in June dampened investors’ hopes that the Federal Reserve will cut interest rates later this month. The Dow Jones industrial average fell 98.25 points, or 0.3 percent, to …
Read More »Gold prices up 0.2%
London 05-07-2019 The spot gold price of gold rose 0.2% to $ 1417.81 and fell 0.1% to $ 1419.80. Gold has generally gained more than 12% or $ 150 since touching the lowest level since the beginning of the year at 1265.85. (USD) per ounce in early May as …
Read More »Oil prices fall today by 1%
London, July 05, 2019 SPA The price of a barrel of crude oil contracts Brent 0.1% today to 63.25 US dollars The price of a barrel of crude oil contracts of US benchmark WTI today, the rate of 1.1% to 56.72 US dollars. Analysts attributed the decline to the tension …
Read More »OPEC daily basket price announced for Thursday
Media IN VIENNA, Austria, 5th July, 2019 (WAM) The price of OPEC basket of fourteen crudes stood at US$63.43 a barrel on Thursday, compared with US$62.69 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light and …
Read More »India’s economic growth to rebound from Five year low
Media IN DELHI 5th-07-2019 India’s economic growth is projected to recover this year from its lowest level since five years, as the political stability in the Asian nation boosted a pickup in demand and investment inflows. In real terms, India’s gross domestic product (GDP) for the fiscal year started last …
Read More »Abu Dhabi Fund for Dev’t launches AED240 million infrastructure projects in Albania
Media IN TIRANA, Albania, 4th July, 2019 (WAM) A delegation from Abu Dhabi Fund for Development (ADFD) announced it has taken part in the official inauguration of the final phase of its AED 240 million ($65 million) Tirana Northern Boulevard and Tirana River Rehabilitation projects in Albania. The ADFD’s funded …
Read More »World Shares Mixed on Thursday
Media IN TOKYO, July 04, 2019, SPA In Europe, Germany’s DAX edged 0.1% higher to 12,626.32, while the CAC 40 in France lost 2.3 points to 5,616.50. Britain’s FTSE 100 also was little changed, losing 2.91 points to 7,606.41. In Asia, Japan’s Nikkei 225 index added 0.3% to 21,702.45 and …
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