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Business
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Economy
1/30/2024 5:43:05 PM
Egypt's state-owned Banque Misr (BM) has issued a new debit card exclusively for US dollar accounts, named Visa Platinum, enabling account holders to make purchases inside or outside of Egypt with a monthly limit of $20,000, an informed source at the bank told Ahram Online (AO).
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World
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War in Ukraine
1/30/2024 3:14:39 PM
European Union nations have decided to approve an outline deal that would keep in reserve the profits from hundreds of billions of dollars in Russian central bank assets that have been frozen in retaliation for Moscow's war in Ukraine, an EU official said.
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Business
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Markets & Companies
1/29/2024 11:35:52 PM
Benchmark US crude oil for March delivery fell $1.23 to $76.78 per barrel Monday. Brent crude for March delivery fell $1.15 to $82.40 per barrel.
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Business
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Economy
1/28/2024 1:39:31 PM
Egypt is poised to issue bonds denominated in the local currency (Hong Kong dollar) on the Hong Kong Stock Exchange, Minister of Finance Mohamed Maait said on Saturday.
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Sports
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World
1/27/2024 5:22:48 PM
Struggling Lyon announced on Saturday they had signed former Chelsea and Manchester United midfielder Nemanja Matic from Ligue 1 rivals Rennes for a fee of 2.6 million euros (2.8 million dollars).
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Egypt
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Foreign Affairs
1/25/2024 4:15:34 PM
Egypt's President Abdel-Fattah El-Sisi said on Wednesday the domestic crisis is not the outcome of prioritization. Nevertheless, the crunch has proven beneficial in identifying a definitive solution to the dollar problem.
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Egypt
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Politics
1/24/2024 4:46:28 PM
President Abdel-Fattah El-Sisi said Egypt faces a recurring dollar shortage crisis every few years primarily due to the government providing basic services to citizens in the Egyptian pound while needing to purchase them in dollars.
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Business
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Economy
1/24/2024 1:11:51 PM
The Egyptian pound’s forward exchange rate against the US dollar for one-year contracts reached a new peak at EGP 54.26 on Tuesday, according to Reuters.
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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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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
1/21/2024 10:37:24 AM
Cabinet Spokesperson Mohamed El-Homsany said that claims about a possible devaluation of the Egyptian pound against the dollar, coinciding with the visit of the International Monetary Fund (IMF) delegation to Egypt, are mere speculation.
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World
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War in Ukraine
1/18/2024 1:16:23 PM
It's been nearly two years since the United States and its allies froze hundreds of billions of dollars in Russian foreign holdings in retaliation for Moscow's invasion of Ukraine.
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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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Business
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Markets & Companies
1/10/2024 5:05:13 PM
The amount of gold remaining in Egyptian mines amounts to at least 25 million ounces (or over 781 tons), said Nagi Farag, advisor to the minister of supply for gold affairs, during an interview with the Ala Masouliati TV show on Tuesday.
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Business
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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.
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Al-Ahram Weekly
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Egypt
1/9/2024 9:43:15 PM
Experts talk about the recent hikes in the price of gold and ways to save to Amira Hisham
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Al-Ahram Weekly
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Egypt
1/9/2024 9:32:04 PM
MPs approve legislation giving foreigners the right to own desert land
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Business
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Economy
1/8/2024 7:31:33 PM
Egypt is set to establish a company focused on managing real estate export and leasing activities. The company is planned to generate between $2 and $3 billion in revenues, read a report by the cabinet's Information and Decision Support Centre.
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Business
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Markets & Companies
1/8/2024 3:50:10 PM
The US dollar reached more than EGP 54 in the parallel market, while remaining at a stable EGP 30.96 in the official market on Monday.
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