Saturday, May 8, 2021

WN-Business

Egyptian stocks decline on Arab, foreign selling

CAIRO: The Egyptian Stock Exchange ended the session on Tuesday with a collective decline of all indicators, driven by selling pressure from Arab and foreign dealers. The market capitalization also declined by EGP 3 billion to close at EGP...

Saudi Arabia approves largest financial budget in the history

RIYAADH: Saudi King Salman bin Abdul Aziz, the Saudi general budget for the year 2019, has approved spending 1.106 trillion riyals, the largest in the history of the Kingdom of Saudi Arabia. King Salman has said that the 2019...

IATA cuts airline net profit estimates and expects recovery in 2019

International airlines will resume revenue growth next year as strong demand will outweigh the impact of cost pressures that reduced profitability in 2018, the International Air Transport Association (IATA) said on Wednesday. According to IATA, the sector's profits are...

OPEC compensates Iran’s oil loss, expects demand for crude to fall in 2019

OPEC said on Wednesday it had offset a drop in Iranian exports as US sanctions on Tehran resumed and lowered its demand for oil in 2019, highlighting the challenge it faces to prevent supply oversupply even after last week's...

Latest News

Pakistan achieves new record in Kinnow exports

Pakistan has achieved a new record by exporting 460000 metric tons of Kinnow during the export season of Kinnow...
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