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Business - Economy
1/10/2024 5:41:30 PM
The Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla signed a memorandum of understanding (MoU) with the Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef for technical cooperation in exploration, exchange of geological information, training, and skill development within the mining sectors of both countries.

Business - Markets & Companies
1/9/2024 10:48:14 PM
Benchmark US crude oil for February delivery rose $1.47 to $72.24 per barrel Tuesday. Brent crude for March delivery rose $1.47 to $77.59 per barrel.

Business - Economy
1/9/2024 5:00:00 PM
Egypt is set to initiate new international bids for the exploration of oil, natural gas, and gold in 2024, Minister of Petroleum and Mineral Resources Tarek El-Molla said on Tuesday.

Business - Economy
1/7/2024 7:37:30 PM
Egypt’s non-oil trade deficit dropped 26.29 percent year-on-year (YoY) to $6.63 billion in the third quarter of 2023 from $8.99 billion in the same quarter a year earlier, according to data released by the Central Bank of Egypt (CBE).

World - Region
1/4/2024 3:32:45 PM
Kuwait's new ruler announced his prime minister on Thursday as he bids to end the chronic political stalemate afflicting the major oil-producing Gulf nation.

Business - Economy
1/4/2024 2:25:20 PM
Egypt’s non-oil private sector showed slower expansion at the end of last year as demand weakened further amid currency depreciation and high inflation, according to data released by the American credit rating agency Standard and Poor's (S&P) on Thursday.

Business - Markets & Companies
1/3/2024 5:00:00 AM
Benchmark US crude oil for February delivery fell $1.27 to $70.38 per barrel Tuesday. Brent crude for March delivery fell $1.15 to $75.89 per barrel.

Business - Economy
12/28/2023 2:44:08 PM
Norway's largest pension fund said Thursday it has divested from Saudi Aramco due to the oil giant's lack of climate action and from 11 other Gulf companies over human rights concerns.

Business - Energy
12/27/2023 12:56:09 PM
Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak said Wednesday, almost two years after Moscow was hit by Western sanctions over the Ukraine conflict.

Business - Markets & Companies
12/26/2023 11:50:34 PM
Benchmark US crude oil for February delivery rose $2.01 to $75.57 per barrel Tuesay. Brent crude for February delivery rose $2 to $81.07 per barrel.

Business - Economy
12/21/2023 10:23:57 PM
Benchmark U.S. crude oil for February delivery fell 33 cents to $73.89 per barrel Thursday. Brent crude for February delivery fell 31 cents to $79.39 per barrel.

Business - Economy
12/20/2023 1:52:10 PM
The attack against ships in the Red Sea and speculation regarding potential interest rate cuts by the Federal Reserve pushed oil prices higher after reaching the lowest level in six months, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.

Business - Markets & Companies
12/18/2023 11:39:11 PM
Benchmark US crude oil for January delivery rose $1.04 to $72.47 per barrel Monday. Brent crude for February delivery rose $1.40 to $77.95 per barrel.

Business - Energy
12/18/2023 10:52:42 PM
Oil prices shot up three percent Monday as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen's Iran-backed Houthi rebels.

Business - Economy
12/18/2023 1:17:07 PM
Egypt’s non-oil trade deficit shrank by 15 percent to record $9.1 billion during the third quarter of 2023, compared to $10.7 billion in the corresponding quarter of 2022, according to data released by the cabinet’s Information and Decision Support Centre (IDSC) on Monday.

Business - Economy
12/17/2023 6:27:30 PM
Egypt’s petroleum imports, including crude oil and oil products, dropped 11.4 percent to $1.06 billion in September from $1.2 billion in August, according to data released by the state-run statistics agency, CAPMAS.

World - Region
12/16/2023 3:40:43 PM
Kuwait's crown prince, Sheikh Meshal al-Ahmad al-Jaber Al-Sabah, was named the oil-rich country's new emir after the death on Saturday of his predecessor Sheikh Nawaf, state television reported.

Business - Markets & Companies
12/12/2023 10:39:27 PM
Benchmark US crude oil for January delivery fell $2.71 to $68.61 per barrel Tuesday. Brent crude for February delivery fell $2.79 to $73.24 per barrel.

Business - Economy
12/12/2023 4:39:19 PM
Egypt’s strategic sugar reserves can cover local consumption needs for nearly 7.8 months, Minister of Supply and Internal Trade Ali Moselhi revealed in a press conference on Tuesday.

Business - Markets & Companies
12/11/2023 10:45:02 PM
Benchmark US crude oil for January delivery rose 9 cents to $71.32 per barrel Monday. Brent crude for February delivery rose 19 cents to $76.03 per barrel.

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