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Business
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Markets & Companies
12/4/2023 3:25:35 PM
Gold hit a record high on Monday as growing optimism that the Federal Reserve will cut US interest rates in 2024 has dented the dollar in recent weeks.
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Business
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Economy
11/30/2023 10:43:43 PM
Benchmark U.S. crude oil for January delivery fell $1.90 to $75.96 per barrel Thursday. Brent crude for January delivery fell 27 cents to $82.83 per barrel.
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Business
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Economy
11/27/2023 9:51:44 AM
Asian markets dipped Monday as investors look ahead to the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.
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Business
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Economy
11/14/2023 4:56:14 PM
Egypt is considering a presence in the Indian stock markets, said Minister of Finance Mohamed Maait during a meeting with India’s Ambassador to Cairo Ajit Gupte on Tuesday.
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Egypt
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Foreign Affairs
11/13/2023 4:40:26 PM
Egyptian President Abdel-Fattah El-Sisi stressed the importance of African coordination at the inauguration of the African Intra-Trade Exhibition (IATF 2023) held in Cairo on Monday.
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Business
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Economy
11/6/2023 4:54:49 PM
The Korea Trade and Investment Promotion Agency (KOTRA), in cooperation with the South Korean Embassy in Cairo and the Korea Water Partnership, organized a conference and one-to-one business meeting with 10 South Korean Companies operating in water industry development between Egypt and Korea.
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Business
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Economy
10/30/2023 2:56:30 PM
The escalation of the war in Gaza is expected to have various implications for oil and other commodity markets, initially triggering a surge in oil prices and subsequently causing disruptions in other commodity sectors.
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Business
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Economy
10/20/2023 4:03:10 PM
Stock markets slid and oil prices jumped Friday on worries that an expected ground invasion of Gaza by Israel would spark a wider conflict in the crude-rich Middle East.
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Business
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Economy
10/17/2023 6:01:50 PM
US and European stock markets mostly fell and oil prices rose on Tuesday as US President Joe Biden prepared for a trip to the Middle East aimed at preventing the Israeli escalation against Gaza from creating a regional war.
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Business
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Economy
10/11/2023 12:04:14 PM
Egypt’s gross debt-to-GDP ratio is projected to be 92.7 percent in 2023, the highest among the emerging markets and the middle-income economies, the International Monetary Fund (IMF) said on Wednesday.
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Business
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Energy
10/10/2023 6:52:47 PM
Investments related to climate risks mitigation have to reach 12 percent of total investments in emerging markets and developing economies by 2030, which is a significant increase from the current three percent, the International Monetary Fund (IMF) said on Tuesday.
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Business
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Markets & Companies
10/6/2023 1:54:03 PM
Global shares mostly rose Friday in cautious trading ahead of an update on the U.S. jobs market.
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Business
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Economy
10/2/2023 9:56:00 AM
Asian shares were mostly higher in thin trading Monday with many markets closed for holidays.
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Business
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Economy
9/28/2023 9:49:45 AM
US oil prices closed at their highest level in more than a year late Wednesday on a mixed day for global equities as the dollar continued its upward climb.
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Business
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Economy
9/27/2023 12:54:44 PM
World shares were mixed on Wednesday after a sharp decline on Wall Street that took benchmarks back to where they were in June.
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Business
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Economy
9/26/2023 12:46:34 PM
Markets fell further Tuesday as investors grew increasingly fearful about another possible US interest rate hike and the prospect they will be kept elevated for some time to combat persistent inflation.
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Business
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Economy
9/21/2023 10:43:38 PM
Benchmark U.S. crude oil for November delivery fell 3 cents to $89.63 a barrel Thursday. Brent crude for November delivery fell 23 cents to $93.30 a barrel.
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Egypt
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Society
9/20/2023 5:54:19 PM
The Egyptian Cabinet announced on Wednesday a three-month ban on onion exports to regulate skyrocketing prices in local markets.
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Business
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Markets & Companies
9/20/2023 3:58:51 PM
Wall Street ticked higher early Wednesday ahead of a decision on interest rates by the Federal Reserve.
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Business
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Economy
9/20/2023 9:48:08 AM
Asian shares declined Wednesday as markets awaited a decision on interest rates by the Federal Reserve.
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