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Microsoft unveils ‘AI-ready’ PCs

The company's pivot to AI has been celebrated by Wall Street.

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Egyptian Exchange rises on buying by FIIs

Egyptian Exchange approved the listing of TAQA Arabia shares (EGX).
  • The market capital gained about $0.60 billion to close at $35 billion, amid transactions worth $0.08 billion
  • The broader EGX 70 EWI index of the leading small and mid-cap enterprises (SMEs) increased by 1.37 percent, ending at 2,550.95 points

Cairo, Egypt  – Egyptian Exchange (EGX) indexes posted collective gains at the close of Sunday’s trading session, driven by purchases by Egyptian and foreign financial institutions and investment funds, against sales by Arab financial institutions.

The market capital gained about LE14.7 billion ($0.60 billion) to close at LE 855.9 billion ($35 billion), amid transactions worth EGP2 billion.

The EGX 30 benchmark index was up 1.8 percent, registering 13,009.48 points.

The broader EGX 70 EWI index of the leading small and mid-cap enterprises (SMEs) increased by 1.37 percent, ending at 2,550.95 points.

The all-embracing EGX 100 index rose 1.6 percent, closing at 3,695.42 points.