Egypt

In recent times, trucking ecosystems across emerging economies are mirroring the trends that have taken shape in the West, thanks to the democratization of technology accessibility and mobilization of venture capital.  But the issues tackled in trucking markets within Africa and Asia are complex....

The Egyptian authorities have approved the San Fransisco-based ride-sharing company Uber Technologies Inc.'s (NYSE: UBER) bid to acquire middle-east rival Careem Inc. What Happened In a statement on Sunday, the Egyptian Competition Authority said that the authorities had approved the...

Financial Markets across several African countries have seen significant improvements in the year 2018-19, says research conducted by OMFIF (Official Monetary and Financial Institutions Forum) and pan-African financial group Absa. What Happened OMFIF measures the countries’ financial markets...

Egypt seized a tanker loaded with Iranian crude oil in the latest incident to rattle the tense Mideast trade lane. Middle East Monitor reported that a Ukranian tanker was arrested 10 days ago as it was transiting the Suez Canal. News of the vessel seizure came after an Egyptian court sentenced one...

After EgyptAir Flight 804 dove into the Mediterranean last Thursday, many sources including the Egyptian government and Donald Trump have speculated the disaster was due to terrorism. This positions the flight as one of four major passenger plane disasters in the past two years that had...

Either forgotten or ignored. Maybe both, but the fact of the matter is the Market Vectors Egypt Index ETF (NYSE: EGPT) is up more than 12 percent over the past month. That puts the lone exchange-traded fund tracking North Africa's largest economy slightly ahead of the MSCI Emerging Markets...

Over 500 exchange-traded funds, nearly a third of the entire U.S. ETF universe, hit 52-week lows on Wednesday, and plenty of emerging markets ETFs were part of that dubious group. The Market Vectors Egypt Index ETF (NYSE: EGPT), the lone ETF dedicated to North Africa's largest economy, was part...

Next week is scheduled to be quiet and calm; at least, compared to this week’s action-packed economic calendar. Geopolitical tension will remain the focus as two conflicted nations, Egypt and Ukraine, swear in new leaders. Most are expecting to see the situation in Ukraine de-escalate ,as...

Frontier markets are on the outer fringe of the international investment community, and are considered less developed than emerging markets.  In addition, they generally involve countries with questionable political and economic stability due to leadership missteps.  Many of these countries...

There are millions of tweets written every day. Benzinga sifts through the maelstrom of information to find the ten best tweets of the day that are either informative, insightful or just down right comical. 1. Alberto Nardelli Electionista's Alberto Nardelli (@AlbertoNardelli) tweeted an awesome...

Consumers are going to see a spike in the cost of unleaded gasoline at the pump in August according to CNNMoney. One of the prime drivers of the increase, according to Gasbuddy.com analyst Tom Kloza, is an increase in the price of oil and gasoline futures in July. Continued fear over turmoil in...

Federation of Egyptian Banks chairman Hisham Ezz Al-Arab talked went over the difficulties that Egypt's economy is facing during its political transition on CNBC's Squawk Box Friday morning. Amid chief justice Adly Mansour being sworn in as interim president of Egypt, The Egyptian military took...

John Hofmeister, former Shell President and Citizens for Affordable Energy CEO, appeared on CNBC's Squawk Box Friday morning to discuss how the recent revolution in Egypt effects oil prices. Crude oil has been high this week, and is currently just below $102 a barrel. "Traders always look for...

P.J. Crowley, former United States Assistant Secretary of State for Public Affairs and George Washington University professor, appeared on CNBC's Squawk Box on Wednesday morning where he discussed Egypt's current political turmoil. "I think it's very doubtful that [Mohamed] Morsi survives. I...

Futures Drop Into Shortened Trading Day On Weak Services PMIs, Geopolitical Fears U.S. equity futures declined in early pre-market trade ahead of the shortened trading day on weaker than expected services PMIs around the globe. Weak data from China to the eurozone weighed on sentiment overnight....