Economy page

The European Union is proposing a minimum price scheme as an alternative to tariffs on Chinese electric vehicles, in a move to ease trade tensions and protect European industry.

European stocks and the Stoxx 600 index fell 0.2%, pressured by losses in the banking sector following Trump's call to cap interest rates, and declines in shares of Barclays and AstraZeneca.

Today's results from the Egyptian Stock Exchange: Market capitalization gained 4 billion Egyptian pounds, and the main index EGX30 rose by 1.19%, amid total trading exceeding 58 billion Egyptian pounds.

Find out the dollar exchange rate against the Egyptian pound today, Monday, January 12, 2026, in banks. The greenback declined at the Central Bank, the National Bank of Egypt, Banque Misr, and other banks at the close of trading.

Gold prices break the $4,600 per ounce barrier, and silver hits record highs. The Trump-Powell clash over the Fed's independence drives investors toward safe havens.

Waja Company announced the issuance of SAR-denominated sukuk worth SAR 2.5 million through the Sukuk Financial Platform, with a minimum subscription of SAR 1,000, to support its financing plans.

Saudi Arabian Mining Company (Ma'aden) announced the addition of 7.8 million ounces of mineral resources across four sites, further strengthening the Kingdom's mining strategy and Vision 2030.

The board of directors of Al-Mowasat Company approves the project to establish a new hospital in Al-Narjis neighborhood in Riyadh with a capacity of 280 beds and a cost of 900 million riyals, in support of the healthcare sector.

The natural gas distribution company announced an adjustment to the service tariff to 1.39 riyals per million British thermal units, starting from 2026, with expectations of a positive financial impact.

Find out when the profits of Southern Cement Company will be deposited for the first half of 2025, the distribution mechanism through the deposit center, and details of updating the data of shareholders and certificate holders.