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Egypt
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Politics
7/24/2024 9:57:59 PM
Prime Minister Mostafa Madbouly underscored in a press conference held at New Alamein City the gradual increase in petroleum products pricing and managing inflation rates to ease the burden on citizens, aiming to reach a break-even point for fuel subsidies by December 2025.
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Business
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Markets & Companies
7/21/2024 10:59:23 PM
The local market witnessed a surge in potato prices, ranging from EGP 13.5 to EGP 18.5 per kilo, on Saturday at El-Obour market, one of Egypt's largest wholesale fresh vegetable and fruit markets for consumers and traders.
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Business
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Markets & Companies
7/16/2024 11:01:57 PM
Benchmark US crude oil for August delivery fell $1.15 to $80.76 per barrel Tuesday. Brent crude for September delivery fell $1.12 to $83.73 per barrel.
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Al-Ahram Weekly
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Economy
7/16/2024 10:27:23 PM
Food inflation is easing, with the supply of some commodities now surpassing demand, reports Amira Hisham
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Business
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Markets & Companies
7/16/2024 8:34:34 PM
The price of gold soared Tuesday to a record peak, propelled by trader expectations of falling US interest rates in September as inflation cools.
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Business
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Economy
7/15/2024 8:47:26 PM
Ibrahim Embabi, Chairman of the Tobacco and Cigarettes Division of the Chamber of Food Industries in the Federation of Egyptian Industries (FEI), told Ahram Online that tobacco products are expected to see a rise next year due to the application of fees and value-added tax in line with the related laws.
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Business
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Economy
7/15/2024 11:10:11 AM
"Doctor, please write down an alternative medication for each type on the prescription" is a common plea among patients in Egypt now due to the severe shortage of medicines in the local market, intensifying daily and impacting both healthy and ill individuals.
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Business
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Markets & Companies
7/14/2024 3:46:24 PM
Egypt’s largest tobacco producer, Eastern Company, has raised the price of its local cigarette products by EGP 22 piasters, effective last Friday, according to a disclosure the company submitted to the Egyptian Exchange (EGX) published on Sunday.
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World
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Region
7/11/2024 4:14:47 PM
The International Energy Agency trimmed its forecasts Thursday as it said world oil demand growth continues to slow and consumption in China dipped.
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Business
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Markets & Companies
7/10/2024 10:48:34 PM
Benchmark US crude oil for August delivery rose 69 cents to $82.10 per barrel Wednesday. Brent crude for September delivery rose 42 cents to $85.08 per barrel.
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Business
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Markets & Companies
7/9/2024 11:03:14 PM
Benchmark US crude oil for August delivery fell 92 cents to $81.41 per barrel Tuesday. Brent crude for September delivery fell $1.09 to $84.66 per barrel.
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Business
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Markets & Companies
7/8/2024 11:13:21 PM
Benchmark US crude oil for August delivery fell 83 cents to $82.33 per barrel Monday. Brent crude for September delivery fell 79 cents to $85.75 per barrel.
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Egypt
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Politics
6/30/2024 6:37:00 PM
President Abdel-Fattah El-Sisi said the highest priority of the incoming government, set to be sworn in shortly, is to alleviate the suffering resulting from rising prices and create more job opportunities.
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Business
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Economy
6/26/2024 6:40:17 PM
Farmers Syndicate Head Hussein Abdel-Rahman has expected a 25 percent increase in the prices of summer agriculture crops, including fruits and vegetables, due to the shortage of fertilizers.
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Business
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Markets & Companies
6/11/2024 10:41:23 PM
Benchmark US crude oil for July delivery rose 16 cents to $77.90 per barrel Tuesday. Brent crude for August delivery rose 29 cents to $81.92 per barrel.
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Business
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Markets & Companies
6/10/2024 11:06:52 PM
Benchmark US crude oil for July delivery rose $2.21 to $77.74 per barrel Monday. Brent crude for August delivery rose $2.01 to $81.63 per barrel.
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Business
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Energy
6/7/2024 1:37:54 PM
Saudi oil giant Aramco on Friday said it would price its secondary offering at 27.25 Saudi riyals ($7.27) per share, in the lower end of its range, allowing it to raise $11.2 billion.
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Business
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Markets & Companies
6/4/2024 10:34:57 PM
Benchmark US crude oil for July delivery fell 97 cents to $73.25 per barrel Tuesday. Brent crude for August delivery fell 84 cents to $77.52 per barrel.
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Al-Ahram Weekly
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Economy
6/4/2024 9:45:16 PM
Egypt’s subsidised baladi bread has gone up in price for the first time in more than three decades, reports Sherine Abdel-Razek
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Al-Ahram Weekly
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Opinion
6/4/2024 6:05:10 PM
US President Joe Biden’s statement earlier in the week about the need for the war on Gaza to end promptly is an indication that Washington is realising, however late, that Israel’s eight-month war comes at a hefty price, not just for the Palestinians being massacred the Israeli army for 245 days but also for the region, for US interests and allies in the Middle East and for this particular US administration.
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