Sunday, September 6, 2026

Business & Economix

EGX Hits Record as Domestic Liquidity Deepens Amid Foreign Portfolio Volatility

Egyptian stocks ended the week at a record high, with the EGX30 breaking through 56,000 even as foreign portfolio...

Uber Streamlines Global Operations as $15bn Delivery Hero Deal Advances

Uber is cutting 3,300 jobs and consolidating its delivery operations as its $14.8bn takeover of Delivery Hero advances, positioning...

MTN Eyes Africa’s $331bn SME Funding Gap as It Weighs Banking Licences

Africa’s largest telecoms operator is exploring banking licences in selected markets as it seeks to deepen lending through MoMo...

EGX Defies Regional Pressure as Market Resilience Faces a New Test

Egyptian stocks extended their rebound on Wednesday, pushing the EGX30 towards record territory despite heightened regional risk and a...

EGX Rebounds Above 55,000 as Foreign Flows Reveal a Two-Speed Market

Egyptian stocks rebounded sharply on Tuesday after three consecutive EGX30 declines, with gains spreading across large and smaller companies....

EGX30 Slips as Smaller Stocks Extend Their Rebound

Egyptian stocks opened the week mixed on Sunday, with the EGX30 slipping below 55,000 while smaller shares advanced and...

A New Saudi-Syrian Bank Plan Aims to Unlock Reconstruction Capital

Syria and Saudi Arabia have agreed to establish a joint bank as Damascus seeks to rebuild the financial channels...

EGX Ends Week Higher as Smaller Stocks Rebound

Egyptian stocks ended the shortened week higher as smaller shares rebounded on Wednesday, easing concerns over narrowing market breadth...

Trade.xyz Hits $500bn as War Accelerates 24/7 Markets

Blockchain derivatives platform Trade.xyz has generated about $500 billion in trading volume less than a year after launch, as...

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