Egypt stocks rise most in world as bonds rally on IMF loan talks
Egypt stocks rise most in world as bonds rally on IMF loan talks
Cairo - MENA
Egyptian stocks and bonds rallied after the government said it’s negotiating with the International Monetary Fund for a loan to help revive its battered economy.
The EGX 30 Index advanced 4.7 percent to 7,894.03 at 11:08 a.m. in Cairo, the biggest gain among more than 90 gauges tracked by Bloomberg globally.
Commercial International Bank Egypt was the largest contributor to the jump, climbing 6.8 percent, the most on a closing basis since March. The nation’s dollar debt due 2025 rose, Bloomberg reported on Wednesday.
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Tadawul rises 0.7% to 6,844 points in quiet trade on SundayRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
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