Benchmark US crude oil for December delivery fell $2.88 to $88.91 a barrel Tuesday. Brent crude for January delivery fell $2.56 to $95.36 a barrel.
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The Suez Canal Authority (SCA) signed on Sunday an MoU on developing Lake Bardawil and the Sinai Peninsula with Egypt-based AlexMar Shipping company and Belgian Dredging International NV, one of the Belgian DEME Group companies.
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Egyptian Exchange (EGX) indices showed mixed performance at the close of the week's trading pushed by wide-scale purchases by institutions and local investment funds and sales by foreign and Arab funds.
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Benchmark US crude oil for December delivery rose $1.63 to $90 a barrel Wednesday. Brent crude for January delivery rose $1.51 to $96.16 a barrel.
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Stocks are opening modestly lower on Wall Street ahead of what traders expect will be another big interest rate increase from the Federal Reserve.
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The presidential initiatives that focus on healthcare have achieved unprecedented success, benefiting over 86 million citizens, said the manager of government relations and pharma economics at Bayer, Iman Abdel-Galil.
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Egypt has witnessed a boom in its healthcare sector over the past few years with the establishment of robust and effective entities, such as the Egyptian Drug Authority and the Unified Purchasing Authority, besides the implementation of the Universal Healthcare System, which all come in line with Egypt's Vision 2030, said Michael Wanis, country head of Bayer, a German multinational pharmaceutical and biotechnology company.
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Asian stocks were mixed Wednesday following losses on Wall Street as forecast-beating US data jolted hopes the Federal Reserve could soon tone down its hawkish pace of interest rate hikes.
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We see potential for the pharma industry in the Egyptian market. Therefore, our company keeps expanding in the local market through its affiliated companies Future Pro and Future Advanced, said Gamal El-Leithy, the Chairman of Future Pharmaceutical Industries (FPI) and the Head of the Chamber Industry Of Cosmetics & Medical Supplies.
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It is essential that Egypt’s healthcare entities collaborate among themselves and with the pharma manufacturing companies to ensure the flow of a strategic stockpile of vital and important drugs to patients, said General Manager of Sandoz for Egypt & Libya Sameh Elbagoury.
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Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter of this year, buoyed by the higher global energy prices that have filled the kingdom's coffers but helped fuel inflation worldwide.
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Wall Street is rallying Friday, led by Apple, Exxon Mobil and other companies that made even bigger profits during the summer than expected.
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The government of Egypt has made significant strides over the past few years in terms of digital transformation, especially with regards to e-payment services, and has enabled more and more businesses to enter the financial sector, said Visa Group Country Manager and Senior Vice President for North Africa, Levant and Pakistan (NALP) region Leila Serhan.
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Benchmark U.S. crude oil for December delivery fell 47 cents to $84.58 a barrel Monday. Brent crude for December delivery fell 24 cents to $93.26 a barrel.
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European stocks and the pound climbed Monday as markets awaited confirmation that former finance minister Rishi Sunak would become Britain's new prime minister.
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Stocks rose in morning trading on Wall Street Thursday as markets continue an unsteady search for direction amid more mixed news on company earnings.
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Benchmark US crude oil for November delivery fell $2.64 to $82.82 a barrel Tuesday. Brent crude for December delivery fell $1.59 to $90.03 a barrel.
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Benchmark US crude oil for November delivery fell 15 cents to $85.46 a barrel Monday. Brent crude for December delivery fell 1 cent to $91.62 a barrel.
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