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Business
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Markets & Companies
1/28/2024 3:18:07 PM
Egypt’s giant telecom operator Telecom Egypt has raised the monthly prices of prepaid landlines by up to EGP 5.
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Business
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Economy
1/28/2024 2:56:07 PM
The Ministry of Supply and Internal Trade has suspended trading on wheat in the Egyptian Mercantile Exchange (EME) due to price speculation in the local market, said Minister Ali Moselhi on Saturday.
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Business
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Economy
1/26/2024 5:45:08 PM
The price of luxury Islamic pilgrimage (Hajj) programmes soared by 45 percent to up to EGP 450,000, while the land pilgrimage prices surged by 73 percent to up to EGP 255,000, according to data released by the Ministry of Tourism and Antiquities.
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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
1/25/2024 6:11:16 PM
Gold prices in Egypt have spiked due to increased demand, read a statement on Thursday by the Gold, Jewellery, and Precious Metals Division of the Chamber of Mineral Industries of the Federation of Egyptian Industries.
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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
1/24/2024 3:58:52 PM
Crude oil prices are expected to fluctuate in 2024 as geopolitical tensions and supply factors pull the market in different directions, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.
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Business
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Markets & Companies
1/24/2024 3:57:16 PM
Gold prices broke all records on Wednesday with the gold pound coin exceeding EGP 30,000 for the first time.
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Business
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Markets & Companies
1/23/2024 11:21:51 PM
Benchmark US crude oil for March delivery fell 39 cents to $74.37 per barrel Tuesday. Brent crude for March delivery fell 51 cents to $79.55 per barrel.
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Business
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Markets & Companies
1/23/2024 4:09:51 PM
The Egyptian Exchange's (EGX) main index dropped by 1.65 percent on Tuesday, with the market cap losing EGP 17 billion, while gold prices increased.
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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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Markets & Companies
1/22/2024 11:12:35 PM
Benchmark US crude oil for February delivery rose $1.78 to $75.19 per barrel Monday. Brent crude for March delivery rose $1.50 to $80.06 per barrel.
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Business
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Economy
1/22/2024 3:35:55 PM
Egypt’s imports of customs-free gold recorded approximately 3.8 tons over eight months, El-Shahat Ghatouri, head of the Egyptian Customs Authority (ETA), said on Monday.
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Business
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Markets & Companies
1/22/2024 3:05:22 PM
The Egyptian Exchange (EGX) indices and gold prices reached new record levels on Monday. The main index EGX30 surpassed 28,050 points and the 21-carat gold exceeded EGP 3,585 per gram.
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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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Markets & Companies
1/18/2024 4:25:38 PM
The Egyptian Exchange (EGX) ended the last session of the week in the green territory and the EGX100 index exceeded the 9,000-point threshold for the first time.
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Business
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Markets & Companies
1/17/2024 10:49:22 PM
The Egyptian Mineral Resources Authority (EMRA) has inked a deal with the Canadian-based company Aton Resources to begin exploiting the gold ore and associated minerals in the Abu Marwat region of the Eastern Desert, according to a ministerial statement on Wednesday.
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Egypt
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Society
1/17/2024 11:39:50 AM
In response to parliamentary requests to auction the prices of raw materials supplied to the ministry such as sugarcane, Minister of Supply and Internal Trade Ali Moselhi cautioned that this would further raise commodity prices.
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Business
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Markets & Companies
1/16/2024 11:19:48 PM
Benchmark US crude oil for February delivery fell 28 cents to $72.40 per barrel Tuesday. Brent crude for March delivery rose 14 cents to $78.29 per barrel.
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Al-Ahram Weekly
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Features
1/16/2024 8:07:29 PM
Sarah Elhosary reports on rising prices in Egypt’s clothing industry and their effects on manufacturers, dealers, and customers in the second of two articles
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