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Al-Ahram Weekly
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Egypt
12/12/2023 11:30:33 PM
The decision to allow the sale of real estate in foreign currencies is contributing to Egypt’s dollar crunch, according to industry experts, reports Safeya Mounir
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Business
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Markets & Companies
12/12/2023 10:39:27 PM
Benchmark US crude oil for January delivery fell $2.71 to $68.61 per barrel Tuesday. Brent crude for February delivery fell $2.79 to $73.24 per barrel.
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Business
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Markets & Companies
12/11/2023 10:45:02 PM
Benchmark US crude oil for January delivery rose 9 cents to $71.32 per barrel Monday. Brent crude for February delivery rose 19 cents to $76.03 per barrel.
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Business
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Markets & Companies
12/5/2023 11:55:06 PM
Benchmark US crude oil for January delivery fell 72 cents to $72.32 per barrel Tuesday. Brent crude for February delivery fell 83 cents to $77.20 per barrel.
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Business
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Economy
12/5/2023 8:23:06 PM
Gold prices experienced a slight decline on Tuesday, trading $100 below the previous session's record high, as investors are eagerly awaiting upcoming US economic data, which could potentially impact the Federal Reserve's rate outlook.
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Business
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Markets & Companies
12/4/2023 3:37:35 PM
The Egyptian Exchange (EGX) rebounded on Monday after the mixed performance yesterday. The main index gained around 700 points.
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Business
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Markets & Companies
12/4/2023 3:25:35 PM
Gold hit a record high on Monday as growing optimism that the Federal Reserve will cut US interest rates in 2024 has dented the dollar in recent weeks.
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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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World
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Region
11/30/2023 6:44:56 PM
The launch of a climate "loss and damage" fund drew praise and hundreds of millions of dollars in pledges at the UN's COP28 talks on Thursday but also warnings that much more is needed to help vulnerable nations.
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Business
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Economy
11/30/2023 6:29:06 PM
The Egyptian government is wrapping up an initiative to sell real estate units in foreign currency to foreigners and expats to boost real estate exports and secure more hard currency amid a severe shortage in the US dollar supply.
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Business
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Markets & Companies
11/27/2023 4:17:02 PM
The Egyptian Exchange (EGX) indices returned to their active performance on Monday, and the main index recorded a new all-time high, approaching 26,000 points.
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Business
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Economy
11/24/2023 11:09:25 AM
Egypt is considering selling real estate units in US dollars to foreigners and expatriates in a collaborative initiative with the private sector, according to a Cabinet statement released on Thursday.
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Business
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Markets & Companies
11/23/2023 7:24:36 PM
The Egyptian Exchange (EGX) broke yesterday’s historic records and the main index recorded a new all-time-high on Thursday, surpassing 25,500 points. Gold prices declined, but stayed at the highest levels in months.
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Business
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Economy
11/21/2023 11:25:27 PM
Benchmark US crude oil for January delivery fell 6 cents to $77.77 per barrel Tuesday. Brent crude for January delivery rose 13 cents to $82.45 per barrel.
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Al-Ahram Weekly
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Economy
11/21/2023 8:59:23 PM
Sherine Abdel-Razek reports on developments that could improve foreign-currency flows to Egypt
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Business
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Markets & Companies
11/16/2023 3:12:47 PM
The Egyptian Exchange (EGX) reached new heights on Thursday after some sessions of fluctuations and moderate increases. Gold prices inched lower but were still the highest in months.
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Business
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Economy
11/16/2023 1:21:57 PM
The US dollar rate hit new records in the currency parallel market, as it reached EGP 50/1 USD for small amounts ($1000-$1500) and around EGP 55/1 USD for greater amounts, the number of importers operating in the local market told Ahram Online.
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Business
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Markets & Companies
11/15/2023 12:33:18 AM
Benchmark US crude oil for December delivery was unchanged at $78.26 per barrel Tuesday. Brent crude for January delivery fell 5 cents to $82.47 per barrel.
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Al-Ahram Weekly
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Opinion
11/14/2023 5:52:45 PM
Calls to dethrone the dollar as the world’s main international currency are driven by a desire to limit its power in times of peace and prevent its weaponisation in times of war, writes Mahmoud Mohieldin
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Business
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Markets & Companies
11/14/2023 10:26:52 AM
Benchmark US crude oil for December delivery rose $1.09 to $78.26 per barrel Monday. Brent crude for January delivery rose $1.09 to $82.52 per barrel.
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