Benchmark US crude oil for June delivery rose 55 cents to $73.71 a barrel Tuesday. Brent crude for July delivery rose 43 cents to $77.44 a barrel.
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Markets struggled Tuesday as investors eyed the release of US inflation data later in the week, while mixed Chinese trade data suggested that recovery in the world's number two economy was still taking time.
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Oil giant Saudi Aramco announced first-quarter net profit of $31.9 billion on Tuesday, down 19.25 percent from a year earlier after a drop in crude prices.
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Benchmark US crude oil for June delivery rose $1.82 to $73.16 a barrel Monday. Brent crude for July delivery rose $1.71 to $77.01 a barrel.
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Samsung Electronics Egypt sales have reached $1.3 billion to become the top seller of electronics in the country, according to a statement by the General Authority for Investment and Free Zones (GAFI).
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European stock markets slid Thursday after the Federal Reserve again hiked US interest rates to fight elevated inflation while hinting the next move could be a pause.
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Stocks are shifting lower Wednesday after the Federal Reserve announced its latest hike to interest rates but hinted the end to them may be near.
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Exits MENA, an Egypt-based fintech investment platform, was granted a securities promotion and underwriting license from the Egyptian Financial Regulatory Authority (FRA) six months after the FRA approved the company's establishment.
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Benchmark US crude oil for June delivery fell $4 to $71.66 a barrel Tuesday. Brent crude for July delivery fell $3.99 to $75.32 a barrel.
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European and US stock markets slid while the dollar mostly firmed Tuesday as focus turned to the US Federal Reserve which kicked off a two-day meeting Tuesday morning to decide whether to raise its benchmark lending rate for a 10th, and possibly final, time to tackle rising prices.
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The UAE’s National Paints acquired on Tuesday 81 percent of Egypt’s state-owned Paint and Chemicals Industries (PACHIN), purchasing a total of 19.358 million of the company’s shares in a deal worth EGP 770.4 million (about $25 million).
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Benchmark US crude oil for June delivery fell $1.12 to $75.66 a barrel Friday. Brent crude for July delivery fell $1.02 to $79.31 a barrel.
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Early Wall Street trading is relatively subdued Monday in the wake of the third U.S. bank failure in less than two months.
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Benchmark US crude oil for June delivery rose 46 cents to $74.76 a barrel Thursday. Brent crude for June delivery rose 68 cents to $78.37 a barrel.
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Development Partners International (DPI), an Africa-focused private investment firm, announced on Thursday a $165 million equity investment in Kazyon Ltd., with co-investors including British International Investment (BII), South Suez and others.
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The Egyptian Exchange's (EGX) indices inched higher on Wednesday, except for EGX30, in the first session after the Eid Al-Fitr vacation, while the market capitalization gained EGP 7 billion.
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Global shares were mostly lower Wednesday as worries about the global economy flared after a tumble on Wall Street despite some better-than-expected earnings reports.
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Benchmark US crude oil for June delivery rose 50 cents to $77.87 a barrel Friday. Brent crude for June delivery rose 56 cents to $81.66 a barrel.
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Benchmark U.S. crude oil for May delivery fell $1.87 to $77.29 a barrel Thursday. Brent crude for June delivery fell $2.02 to $81.10 a barrel.
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Benchmark US crude oil for May delivery fell $1.70 to $79.16 a barrel Wednesday. Brent crude for June delivery fell $1.65 to $83.12 a barrel.
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