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Business
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Economy
6/3/2024 1:23:45 PM
Turkish inflation jumped above 75 percent in May, official data showed Monday, but officials expect consumer prices to have finally peaked in a cost-of-living crisis that has dogged President Recep Tayyip Erdogan.
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Business
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Economy
6/2/2024 5:36:46 PM
Saudi Arabia and allied oil producing countries on Sunday extended output cuts through next year, a move aimed at supporting slack prices that haven't risen even amid turmoil in the Middle East and the start of the summer travel season.
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Business
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Economy
6/2/2024 12:37:25 PM
Saudi Arabia and allied oil producing countries face a decision Sunday on whether to extend production cuts set to expire next month — a move that could push oil prices higher as the summer travel season increases demand for fuel and as the U.S. presidential election contest heats up.
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Al-Ahram Weekly
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Economy
6/1/2024 12:06:00 PM
The price of real estate on the North Coast is rising in the wake of increasing demand.
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Egypt
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Politics
5/29/2024 6:32:00 PM
Prime Minister Mostafa Madbouly said that a subsidized bread loaf will be sold at 20 piastres, up from 5 piastres starting in June, marking the first increase in the price of the staple in three decades.
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Business
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Markets & Companies
5/28/2024 10:52:37 PM
Benchmark US crude oil for July delivery rose $2.11 to $79.83 per barrel Tuesday. Brent crude for July delivery rose $1.12 to $84.22 per barrel.
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Business
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Markets & Companies
5/28/2024 7:57:17 PM
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week.
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Egypt
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Society
5/27/2024 10:40:00 PM
Prime Minister Mostafa Madbouly said on Monday that the cost of subsidizing bread had become very large, but insisted the practice would continue.
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Business
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Economy
5/23/2024 2:25:50 PM
Egypt’s New Urban Communities Authority (NUCA) has given the green light for the sale of land plots in eight cities to 34 foreign companies, all priced in US dollars, read a cabinet statement on Wednesday.
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Business
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Economy
5/23/2024 12:10:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene Thursday to decide on key interest rates for the last time in FY2023/2024, amid expectations that it will maintain the current interest rates as inflation rates have started to take a downward path over the past two months.
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Business
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Markets & Companies
5/22/2024 10:49:57 PM
Benchmark US crude oil for July delivery fell $1.09 to $77.57 per barrel Wednesday. Brent crude for July delivery fell 98 cents to $81.90 per barrel.
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Business
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Markets & Companies
5/21/2024 10:43:20 PM
Benchmark US crude oil for June delivery fell 54 cents to $79.26 per barrel Tuesday. Brent crude for July delivery fell 83 cents to $82.88 per barrel.
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Business
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Markets & Companies
5/20/2024 6:37:46 PM
The price of gold hit a record high Monday as the shock death of Iranian President Ebrahim Raisi in a helicopter crash boosted support for the precious metal seen as a haven investment.
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Business
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Economy
5/20/2024 2:41:42 PM
The global inflationary wave has raised Egypt's import bill by $4 billion per month due to the rise in global prices, increased shipping costs, and exchange rate fluctuations, Minister of Finance Mohamed Maait stated on Monday.
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Business
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Markets & Companies
5/15/2024 10:45:51 PM
Benchmark US crude oil for June delivery rose 61 cents to $78.63 per barrel Wednesday. Brent crude for July delivery rose 37 cents to $82.75 per barrel.
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Al-Ahram Weekly
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Economy
5/15/2024 10:28:00 AM
Cheaper food and commodity prices are helping to cool inflation in Egypt.
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Business
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Markets & Companies
5/13/2024 10:44:57 PM
Benchmark US crude oil for June delivery rose 86 cents to $79.12 per barrel Monday. Brent crude for July delivery rose 57 cents to $83.36 per barrel.
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Al-Ahram Weekly
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Economy
5/7/2024 9:29:42 PM
Despite the stock market downturn, economic experts are hopeful stability in the foreign exchange market will see stock prices rise, reports Safeya Mounir
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Business
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Economy
5/2/2024 11:22:01 AM
The US Federal Reserve on Wednesday held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.
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Business
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Economy
5/1/2024 3:20:47 PM
Jewellery and bullion demand in Egypt declined by 17 percent in the first quarter (1Q) of 2024 to 13.2 tons, down from 15.8 tons recorded in the correspondent quarter of 2023, according to the World Gold Council (WGC).
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