Egypt Financial News
18.10 / 11:11
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Joe Biden steers a risky course after a Gaza hospital blast
crisis in the Middle East has been blown up by an explosion at a Gaza hospital that killed hundreds of Palestinian civilians. Amid mutual recriminations over who was responsible, Jordan denounced the “heinous war crime" and cancelled a summit it was due to host in Amman with Mr Biden as well as Palestinian and Egyptian leaders. The president pressed on with the trip nevertheless, visiting Israel only.
18.10 / 09:49
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Mid-East tensions, Chinese GDP, Netflix earnings - what's moving markets
Investing.com — U.S. President Joe Biden heads to Israel, while crude prices soar as a missile explosion on a Gaza hospital esclated tensions in the Middle East. The earnings season continues with results due from Netflix (NASDAQ:NFLX) and Tesla (NASDAQ:TSLA), while Chinese GDP expanded by more than expected in the third quarter.
18.10 / 07:57
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The Islamic Jihad Group: What role do they play in Israel-Palestine conflict, overview of key attacks
This incident has sparked condemnation worldwide and led to violent protests in several Muslim nations. Amidst the chaos, blame for the devastating tragedy is being exchanged between Israel and Palestinians.
18.10 / 07:57
18.10 / 04:53
18.10 / 04:23
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Asian stocks muted as M.East tensions offset China GDP cheer
Investing.com-- Most Asian stocks moved in a tight range on Wednesday as growing concerns over a spillover in the Israel-Hamas war dented risk appetite, largely offsetting positive data that showed China’s economy grew more than expected.
18.10 / 03:17
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Israel-Hamas War: ‘Outraged and deeply saddened’ over Al Ahli Arab hospital blast in Gaza, says Joe Biden
Also Read: Israel-Hamas War LIVE Updates: Rocket misfired by Gaza militants hit hospital, says Israel army "Immediately upon hearing this news, I spoke with King Abdullah II of Jordan, and Prime Minister Netanyahu of Israel and have directed my national security team to continue gathering information about what exactly happened," the statement quoted Biden as saying. "The United States stands unequivocally for the protection of civilian life during conflict and we mourn the patients, medical staff and other innocents killed or wounded in this tragedy," he added.
18.10 / 02:11
18.10 / 02:05
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Oil prices surge, Brent above $91 as Israel-Hamas tensions worsen
Investing.com-- Oil prices rose sharply in Asian trade on Wednesday after a deadly blast at a Gaza hospital appeared to have stymied a U.S. diplomatic effort in the Israel-Hamas war, while industry data showed that U.S. inventories shrank more than expected last week.
18.10 / 01:49
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Biden considering $100 billion funding request that includes Israel, Ukraine aid: Sources
Biden may consider a supplemental request of about $100 billion that would include defense aid for Israel, Ukraine and Taiwan, multiple sources familiar with the request told Reuters on Tuesday. Biden has been widely expected to ask Congress to pass a supplemental spending bill within days, as Washington responds to the deadly Oct. 7 attack on Israel by Hamas militants while looking to continue to support Ukraine as it grapples with a Russian invasion. The news broke as Biden prepared to depart for Tel Aviv and Amman to show support for Israel and also to meet leaders of Jordan and Egypt on the Gaza humanitarian crisis U.S.
18.10 / 01:49
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Biden leaves for Israel, scraps Jordan visit after summit with Palestine, Egypt leaders cancelled
Biden on Tuesday left the White House for a quick trip to Israel to show solidarity with the people of the country in the aftermath of the terrorist attack by Hamas. However, Biden had to abruptly scrap his trip to Jordan for a meeting with leaders of Jordan, Egypt and Palestine after the Palestinian Authority cancelled the summit following a huge explosion at a hospital in Gaza.
18.10 / 01:05
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Palestine President Abbas cancels meeting with Biden after Gaza hospital strike
Reuters reported. In an official statement, the White House earlier said, “President Biden will then travel to Amman, Jordan, where he will meet with his Majesty King Abdullah, Egyptian President Sisi, and Palestinian Authority President Mahmoud Abbas." "He will reiterate that Hamas does not stand for the Palestinian people’s right to dignity and self-determination and discuss the humanitarian needs of civilians in Gaza," the statement said. Israel had declared war on Hamas earlier this month after a surprise attack killed more than 1400 people and took around 200 hostages.
17.10 / 14:53
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A short history of Gaza
attacked Israel, killing 1,300 people and taking dozens of hostages. Israel has responded with force: strikes on Gaza had killed around 1,400 Palestinians by October 12th. Residents of the strip, a 360-square-kilometre block of land wedged between Egypt, Israel and the Mediterranean, are no strangers to tragedy.
17.10 / 13:55
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Crude prices stabilize amid Middle East uncertainity, Venezuela sanctions talk
Investing.com — Oil prices steadied Tuesday after the previous session’s selloff as traders keep an eye on developments in the Middle East as well as the potential for additional supply from Venezuela.
17.10 / 13:55
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Oil prices stabilize amid Middle East uncertainty, Venezuela deal talk
Investing.com — Oil prices steadied Tuesday after the previous session’s selloff as traders keep an eye on developments in the Middle East as well as the potential for additional supply from Venezuela.
17.10 / 10:07
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Market close: Nifty 50, Sensex snap three-day losing run; investors earn nearly ₹2 lakh crore in a day
Nifty 50 today: Key equity indices the Sensex and the Nifty 50 ended with gains on Tuesday, snapping their three-day losing run, on widespread buying across various sectors amid positive global cues. While the Israel-Hamas conflict endures and concerns about its potential spread to other nations persist, investors appear to have shifted their attention towards corporate earnings and macroeconomic indicators.
17.10 / 08:15
17.10 / 04:53
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Iran warns of possible ‘pre-emptive action’ against Israel, may join war with Hamas
AFP. On Monday, Iran's top diplomat and president, Ebrahim Raisi had said time was running out to reach a political solution and warned against the expansion of the Israel-Hamas war to other fronts. Amir-Abdollahian said Monday that "the resistance leaders" will not allow Israel "to do whatever it wants in Gaza".
17.10 / 02:29
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Israel-Palestine conflict: Residents in Gaza plead for aid as supplies are stuck at Egypt border
AP reported. In Gaza, hospitals were on the verge of losing electricity, threatening the lives of thousands of patients, the report further added. Many have resorted to drinking dirty or sewage-filled water with taps dry, risking the spread of disease.
17.10 / 02:29
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Israel-Hamas War: Joe Biden to visit Jordan amid rising concern of escalating conflict
AP, according to a statement from White House National Security Council spokesman John Kirby on Monday evening, President Biden's itinerary includes a visit to Jordan. During this visit, he is scheduled to hold meetings with key regional leaders, namely King Abdullah of Jordan, Egyptian President Abdel Fattah el-Sissi, and Palestinian President Mahmoud Abbas. Also Read: Israel-Hamas war LIVE updates: Less than ‘24 hours of water, electricity left’ in Gaza; death toll- 2,808 “We’ve been crystal clear about the need for humanitarian aid to be able to continue to flow into Gaza.
16.10 / 10:35
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Market close: Nifty 50, Sensex fall for third consecutive session amid weak global cues; mid, smallcaps outperform
Israel-Hamas war. If the war escalates further and spreads to other countries, it will shoot up crude oil prices and also deal a severe blow to the global economy which is already struggling thanks to continuous rate hikes due to a sharp rise in inflation led by the Russia-Ukraine war in the post Covid-19 pandemic world. "Top US officials warned on Sunday that the war could escalate into a wider conflict across the Middle East.
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