Egypt Financial News

Cairo on Thursday, but will continue with Gaza ceasefire talks until an agreement is reached with Israel, the Palestinian group said in a statement, with a Hamas official blaming Israel for the lack of progress. «Hamas's delegation left Cairo this morning for consultation with the leadership of the movement, with negotiations and efforts continuing to stop the aggression, return the displaced and bring in relief aid to our people,» the Hamas statement said.

Hamas says negotiations over a Gaza cease-fire and the release of more Israeli hostages will resume next week, after a delegation of the Palestinian militant group left Cairo

We have entered a period of intensifying geopolitical rivalries and conflicts. Russia’s war on Ukraine is now in its third year; the Israel-Hamas conflict could still become a regional war; and the deepening Cold War between the US and China may yet turn hot over Taiwan later this decade. If Donald Trump wins the US presidential election in November, the world will be even further destabilized.

The Middle East franchisee of Starbucks has begun firing some 2,000 staff at its coffee shops across the region after the brand found itself targeted by activists during the ongoing Israel-Hamas war in the Gaza Strip

Egypt has floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan to $8 billion

By Nafisa Eltahir and Jana Choukeir

Cairo talks have been billed as a final hurdle to reach the first extended ceasefire in the war between Hamas and Israel- a 40-day truce during which Israeli hostages would be freed and aid pumped into Gaza — ahead of Ramadan, which is due to begin at the start of next week. «The delegation will remain in Cairo on Tuesday for more talks, they are expected to wrap up this round later today,» a Hamas official told Reuters. Egypt's Qahera television also reported the talks had been extended for a third day, but said they were «facing difficulties». Earlier, senior Hamas official Bassem Naim told Reuters the militant group had presented its proposal for a ceasefire agreement to the mediators, and was now waiting for a response from the Israelis, who have stayed away from this round. "(Prime Minister Benjamin) Netanyahu doesn't want to reach an agreement and the ball now is in the Americans' court" to press him for a deal, Naim said.

Chief mate Mahmoud Gwealy awoke to a loud bang that sent the laptop on his chest crashing into his nose. The 29-year-old Egyptian sailor had dozed off for the evening while watching Lebanese soap operas in the upstairs quarters of the Rubymar. The British-owned bulk carrier had been rocking in such high swells that he wondered if it had been slammed by a huge wave.

cryptocurrency markets, major tokens were trading mixed on Friday. While Bitcoin fell 1.4% in the last 24 hours and traded at $61,349 around 11:24 am IST, other major cryptos such as Solana, Toncoin, Avalanche, Toncoin, and Litecoin soared up to 8%. The other laggards in the pack were Ethereum, BNB, and Dogecoin, which were down by up to 5.5%. «Following its surge to $64,000, Bitcoin is now stabilizing around $61,000, prompted by a spike in liquidations. Nevertheless, Bitcoin has already set new records highs in local currencies across numerous countries, including China, Japan, the UK, India, Argentina, Turkey, Egypt, and more showing demand and resilience,» said Edul Patel, CEO of Mudrex.

Electric vehicle maker Wardwizard Innovations & Mobility is planning to expand operations as it looks to cater to enhanced demand in both domestic and international markets, Chairman and Managing Director Yatin Gupte said. The Vadodara-based company is setting up a new assembly plant in Sharjah in the UAE to cater to African markets, including Egypt. It has also set up an assembly plant in Deoghar, Jharkhand to cater to the growing demand for electric vehicles (EVs) in markets like Bihar, Jharkhand, West Bengal and Odisha. In an interaction with PTI, Gupte said the company is setting up the assembly plant in Sharjah in collaboration with the BEEAH Group.

Cairo as soon as Sunday and search for a formula acceptable to Israel and Hamas for a lasting ceasefire in Gaza, sources with knowledge of the talks said, after foreign governments resorted to airdrops to aid desperate civilians in the Palestinian enclave. Israeli and Hamas delegations were expected to arrive in Cairo on Sunday, two Egyptian security sources said, although another source briefed on the talks said Israel would not send a delegation until it got a full list of hostages who are still alive.

By Nidal al-Mughrabi

By Ahmed Mohamed Hassan and Nidal al-Mughrabi

Ramadan started on March 24 and finished on April 21. In countries like United Arab Emirates, Bahrain, Kuwait, Lebanon, Oman, Pakistan, Saudi Arabia, UK, US, Turkey, Maldives, Ramadan is likely to start on 11 March. In India, Bangladesh, Indonesia, Egypt, Ramadan is likely to start from 12 March, a report by Hindustan Times has states.

₹162-171, according to the data available on the stock exchanges. Also read: Platinum Industries IPO opens next week.

In line with the investor demand, the company's shares trading with a premium of Rs 102 in the unlisted market.

OTC crypto crime appears to be on the rise in South Korea, where police say they have arrested a “multinational gang” who allegedly locked a woman in a car before stealing cash.

Platinum Industries opened for subscription today. The issue will be available for the public to bid till February 29. Ahead of the IPO, the company has garnered Rs 70.59 crore from anchor investors.

Joe Biden highlighted that he hopes there will be a ceasefire in the Israel-Hamas conflict by «next Monday,» as reported by CNN. He further said that we are close to it but it's not done yet.

Gold rate today, 26 Feb 2024: Gold price dips as US dollar index hits 2-month high. US Fed rate, GDP data in focus Since November, oil prices have fluctuated within the range of $70 to $90 per barrel. This fluctuation can be attributed to several factors, including increasing U.S.

Also Read: Platinum Industries sets price band at ₹162-171 for its ₹235 crore IPO The production plant of Platinum Industries is situated in Palghar, Maharashtra, and has an area of around 21,000 square feet. Furthermore, the business is now constructing a new manufacturing plant in Palghar.