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Business
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Markets & Companies
2/7/2024 11:16:51 AM
Asian shares were mostly higher Wednesday, tracking gains on Wall Street, although Tokyo's benchmark slipped slightly.
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Al-Ahram Weekly
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Egypt
2/6/2024 9:12:17 PM
Egypt’s agricultural exports reach new markets to earn record revenues
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Business
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Tech
2/6/2024 7:15:17 PM
Prime Minister Mostafa Madbouly said that he is looking forward to more investments of Samsung Electronics company in Egypt in the coming period especially in light of the investment incentives of the Egyptian government to encourage establishing local industries that can benefit from exporting opportunities and incentives from Egypt to the targeted markets.
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Business
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Economy
2/6/2024 11:36:31 AM
Shares were mixed Tuesday in Asia, where Chinese stocks surged after a government investment fund said it would step up stock purchases and a report said leader Xi Jinping was set to meet with officials to discuss the markets.
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Business
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Energy
2/4/2024 8:08:48 PM
European countries show growing interest in Egypt's significant potential in renewable energy. Hence, Egypt can play a crucial role in supplying European markets with renewable electricity, contributing to environmental improvement, creating new job opportunities, and boosting economic growth and trade.
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Business
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Economy
2/1/2024 10:48:01 PM
Benchmark U.S. crude oil for March delivery fell $2.03 to $73.82 per barrel Thursday. Brent crude for April delivery fell $1.85 to $78.70 per barrel.
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Business
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Economy
1/31/2024 2:50:16 PM
The Red Sea crisis will further elevate public sector gross financing needs for most emerging markets and middle-income countries in MENA, especially Egypt and Tunisia, stated the Regional Economic Outlook (REO) report on the Middle East and Central Asia.
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Business
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Economy
1/30/2024 1:21:18 PM
European shares rose Tuesday after a mixed day of trading in Asia, where Hong Kong and Shanghai declined on renewed selling of property and technology shares.
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Business
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Economy
1/30/2024 11:17:44 AM
Saudi Arabia's oil giant Saudi Aramco said Tuesday it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order from the country's Energy Ministry.
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Business
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Economy
1/29/2024 9:56:49 PM
Egypt’s food exports increased by 14 percent (about $602 million), reaching all-time high of $5.1 billion in 2023, up from $4.5 billion in a year prior, according to data released by the Food Expert Council (FEC) on Monday.
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Business
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Economy
1/29/2024 4:25:59 PM
Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time, Minister of Finance Mohamed Maait revealed on Monday.
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World
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Region
1/29/2024 12:27:32 PM
Oil rose Monday on fresh Middle East fears as President Joe Biden pledged to retaliate after blaming Iran-backed rebels for a deadly attack on US troops, while equities were boosted by China's latest move to support its troubled markets.
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Business
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Economy
1/25/2024 10:53:32 PM
Benchmark U.S. crude oil for March delivery rose $2.27 to $77.36 per barrel Thursday. Brent crude for March delivery rose $2.39 to $82.43 per barrel.
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Business
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Economy
1/24/2024 11:27:30 PM
Benchmark U.S. crude oil for March delivery rose 72 cents to $75.09 per barrel Wednesday. Brent crude for March delivery rose 49 cents to $80.04 per barrel.
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Business
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Economy
1/23/2024 3:38:14 PM
Stock markets diverged and oil prices retreated Tuesday as Chinese officials reportedly mull action to bolster its flagging economy.
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Business
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Economy
1/22/2024 7:16:01 PM
Egypt has lost about $150 million in Suez Canal revenue due to ongoing Red Sea disruptions, according to Bloomberg’s Chief Emerging Markets Economist Ziad Daoud.
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Business
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Economy
1/18/2024 11:00:31 PM
Benchmark U.S. crude oil for February delivery rose $1.52 to $74.08 per barrel Thursday. Brent crude for March delivery rose $1.22 to $79.10 per barrel.
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Business
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Economy
1/15/2024 2:58:45 PM
European markets opened lower while Asian markets were mostly higher on Monday as the week got off to a mixed start.
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Business
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Economy
1/15/2024 10:31:07 AM
Asian shares were mostly higher on Monday, with Tokyo extending its New Year rally, as China’s central bank kept its one-year policy loan interest rate unchanged.
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Business
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Economy
1/11/2024 10:36:34 PM
Wall Street is slipping Thursday after a warmer-than-expected report on inflation forced some investors to push back forecasts for when the Federal Reserve could deliver long-sought cuts to interest rates.
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