Egypt
Egypt’s annual inflation jumps to 16.5% in May
Egypt’s annual inflation rate surged to 16.5 percent in May, up from 13.5 percent in April, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Bahrain All Share Index closed at 1,942.22 points, marking a decrease of 7.71 points below the previous closing.
This decrease was due to the fall in the financial sector and material sector.
Bahrain All Share Index closed at 1,942.22 points, marking a decrease of 7.71 points below the previous closing.
This decrease was due to the fall in the financial sector and material sector.
Bahrain lslamic Index closed at 734.77 points, marking a decrease of 9.37 points below the previous closing.
Results indicated that 47 equity transactions took place with a volume of 1,454,856 worth BD 378,748.
Investors traded mainly in the financial sector representing 73.37% of the total value of securities traded.
Egypt’s annual inflation rate surged to 16.5 percent in May, up from 13.5 percent in April, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Foreign investors returned to the Tel Aviv Stock Exchange in force last month, increasing their holdings despite ongoing conflict in Gaza and heightened regional tensions. Net foreign purchases reached an estimated NIS 2.5 billion ($700 million) in May, with much of the capital concentrated in the banking sector.
In a move that reinforces China’s growing industrial footprint across North Africa, Chinese steelmaker Jingdong Steel has announced a $500 million investment to build a major steel production facility in Algeria.
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