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Business
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Markets & Companies
12/10/2023 3:35:08 PM
The Egyptian Exchange (EGX) indices plunged on Sunday and the market cap lost EGP 36 billion. On the other hand, gold prices inched higher and the purchase price of gold coin pound rose EGP 120.
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War on Gaza
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War on Gaza
12/7/2023 10:27:00 PM
On the 62nd day of the war on Gaza, Israeli jetfighters attacked Khan Younis, pushing thousands of Palestinians to flee far south, hampering aid deliveries and creating a dire humanitarian situation. Much of the city's population remains in place, along with large numbers who were displaced from the north, unable to leave.
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Business
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Markets & Companies
12/7/2023 4:34:50 PM
The Egyptian Exchange (EGX) indices ended all in the red for the second day in a row on Thursday. Gold prices rose slightly and the value of the golden pound coin gained by EGP 40.
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War on Gaza
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War on Gaza
12/3/2023 10:00:44 AM
Israel pounded crowded southern Gaza on Saturday and ordered more neighbourhoods to evacuate, driving up the death toll as the United States and others urged it to do more to protect civilians a day after a truce collapsed.
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War on Gaza
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War on Gaza
12/2/2023 12:37:42 PM
Israel pounded targets in the southern Gaza Strip on Saturday, intensifying a renewed attack that followed a weeklong truce with Hamas and giving rise to renewed concerns about civilian casualties.
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War on Gaza
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War on Gaza
12/1/2023 7:43:00 PM
Israeli fighter jets pounded the Gaza Strip on Friday shortly after a week-long truce expired with no agreement to extend it. The number of Palestinians killed and injured is rising by the tens every hour. Israel and Hezbollah resume trading attacks
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Business
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Economy
11/30/2023 7:30:56 PM
The USD declined slightly against the Egyptian pound in the parallel market, hovering around EGP 49.5, as the Central Bank of Egypt (CBE) injected $2 billion to regulate the market, a source from the import sector who preferred not to be named told Ahram Online on Thursday.
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Sports
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World
11/20/2023 9:55:17 PM
Former Manchester City defender Benjamin Mendy is set to sue the Premier League champions after claiming he is owed millions of pounds in unpaid wages.
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Business
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Markets & Companies
11/20/2023 4:10:18 PM
The Egyptian Exchange (EGX) ended in the red on Monday. Gold prices rose and the gold pound coin reached EGP 21,880 for purchase.
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War on Gaza
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War on Gaza
11/12/2023 6:33:44 PM
Israeli strikes pounded Gaza City overnight and into Sunday as ground forces battled Hamas militants near the territory's largest hospital, where health officials say thousands of medics, patients and displaced people are trapped with no electricity and dwindling supplies.
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War on Gaza
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War on Gaza
11/9/2023 9:00:00 PM
On Day 34 of the Israeli war on Gaza, Israeli air strikes continue to pound Gaza City as occupation soldiers battled street-by-street with Hamas fighters, and tens of thousands of Palestinians desperate for safety continue to flee their homes southwards in the besieged territory.
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Business
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Economy
11/8/2023 4:00:00 PM
Egypt’s major tobacco producer Eastern Company raised the prices of its products to absorb part of the rising costs of production inputs after the devaluation of the Egyptian pound, the company’s Chairman Hany Aman told Ahram Online on Wednesday.
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Al-Ahram Weekly
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Opinion
11/7/2023 6:41:13 PM
Gamal Wagdy suggests a rescue operation for the pound
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Business
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Markets & Companies
11/6/2023 3:11:01 PM
The Egyptian Exchange (EGX) indices closed Monday with mixed performance. Gold prices inched higher and the golden pound coin amounted to EGP 20,720 for purchase.
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Business
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Markets & Companies
11/5/2023 5:39:14 PM
The Egyptian Exchange (EGX) started with week with a positive performance, with the main index gaining nearly 455 points. Gold prices edged higher and the gold pound coin inched higher by EGP 80.
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War on Gaza
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War on Gaza
10/29/2023 10:03:21 PM
Desperate Palestinians in Gaza burst into aid centres after more than three weeks of siege and bombardment, the UN said on Sunday, as Israel escalated ground operations in the strip.
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War on Gaza
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War on Gaza
10/27/2023 7:52:53 PM
Various media outlets reported Friday some progress in the ongoing negotiations - mediated by Egypt, Qatar, and Iran on various tracks - to secure the exchange of captives between Israel and Hamas.
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Business
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Economy
10/26/2023 6:00:46 PM
The Egyptian Exchange (EGX) reached a new summit on Thursday, with the benchmark index surpassing the 23,200-point level, while gold prices dived as the gold pound coin lost EGP 640 of its value.
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Business
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Economy
10/25/2023 4:20:19 PM
The Israeli war on Gaza has driven the Egyptian pound down to a record low on the parallel market, where it is now trading for EGP 46 against the US dollar, said Ramona Moubarak, head of MENA Country Risk at Fitch Solutions.
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War on Gaza
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War on Gaza
10/24/2023 6:08:35 PM
UN Secretary-General Antonio Guterres on Tuesday alleged violations of international law as Israel pounds Gaza, and urged an immediate humanitarian ceasefire to bring in relief.
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