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Business
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Economy
11/13/2023 3:09:42 PM
The Central Bank of Egypt (CBE) auctioned $1.61 billion USD-denominated treasury bills (T-bills) on Monday, reported the CBE website.
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Business
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Markets & Companies
11/12/2023 3:50:44 PM
The Egyptian Exchange (EGX) indices ended with mixed performance on Sunday, while gold prices inched higher.
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Business
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Economy
11/10/2023 1:36:47 PM
Egyptian Minister of Trade and Industry Ahmed Samir inaugurated the third Intra-African Trade Fair (IATF) in Cairo which takes place between 9 and 15 November, according to a statement on Thursday.
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Business
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Markets & Companies
11/9/2023 4:03:20 PM
The Egyptian Exchange (EGX) continued its positive performance for the third day in a row, and the main index broke all records on Thursday, ending over 24,300 points. In contrast, gold prices dropped today and the 24-carat lost EGP 51 per gram.
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Business
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Markets & Companies
11/8/2023 4:39:31 PM
The Egyptian Exchange (EGX) main index EGX30 reached an all-time high on Wednesday, helping the market cap gain EGP 35 billion. Gold prices continue rising today and the 24-carat reached EGP 3,000 per gram.
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Business
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Markets & Companies
11/7/2023 10:00:00 PM
Benchmark US crude oil for December delivery fell $3.45 to $77.37 per barrel Tuesday. Brent crude for January delivery fell $3.57 to $85.61 per barrel.
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Business
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Economy
11/7/2023 4:42:07 PM
Egypt is considering purchasing tea from Kenya through barter trade instead of tapping into its dwindling reserve of US dollars, said Kenyan Treasury Secretary Njuguna Ndung’u.
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Business
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Markets & Companies
11/7/2023 12:28:24 AM
Benchmark US crude oil for December delivery rose 31 cents to $80.82 per barrel Monday. Brent crude for January delivery rose 29 cents to $85.18 per barrel.
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Business
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Economy
11/5/2023 5:36:57 PM
The Central Bank of Egypt (CBE) revealed a slight uptick in international reserves, climbing to $35.1 billion in October from $34.97 billion in September, according to data released on Sunday.
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Business
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Economy
11/1/2023 3:25:41 PM
The Egyptian Exchange (EGX) indices ended in the red territory on Wednesday for the second day in a row albeit declining on a much slower pace than yesterday. Gold prices also edged lower.
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Business
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Economy
10/31/2023 10:49:38 PM
Benchmark US crude oil for December delivery fell $1.29 to $81.02 per barrel Tuesday. Brent crude for January delivery fell $1.33 to $85.02 per barrel.
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Business
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Markets & Companies
10/31/2023 12:14:47 AM
Benchmark US crude oil for December delivery fell $3.23 to $82.31 a barrel Monday. Brent crude for December delivery fell $3.03 to $87.45 a barrel.
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Business
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Markets & Companies
10/30/2023 3:31:56 PM
After leading the week with mixed performance, the Egyptian Exchange’s (EGX) indices returned to broke historic levels on Monday, as the benchmark index, EGX30, reached a new summit above 23,400 points.
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Business
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Economy
10/26/2023 2:35:01 PM
The Central Bank of Egypt (CBE) has eased the restrictions on credit card usage abroad, allowing clients to use their cards without limits on hard currency withdrawals while being abroad.
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Business
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Economy
10/25/2023 4:20:19 PM
The Israeli war on Gaza has driven the Egyptian pound down to a record low on the parallel market, where it is now trading for EGP 46 against the US dollar, said Ramona Moubarak, head of MENA Country Risk at Fitch Solutions.
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Business
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Markets & Companies
10/18/2023 12:10:17 AM
Benchmark US crude oil for November delivery was unchanged at $86.66 a barrel Tuesday. Brent crude for December delivery rose 25 cents to $89.90 a barrel.
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Al-Ahram Weekly
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Egypt
10/17/2023 8:26:22 PM
As the World Bank and International Monetary Fund meetings finished last week in Marrakesh, Director of the fund’s Middle East and Central Asia Department Jihad Azour discussed Egypt’s economic priorities with Nevine Kamel in Marrakesh
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Al-Ahram Weekly
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Egypt
10/17/2023 8:21:45 PM
Safeya Mounir reports on why Egypt’s banks have suspended debit card purchases abroad
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Business
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Markets & Companies
10/17/2023 4:35:36 PM
The Egyptian Exchange (EGX) continued its unprecedented performance on Tuesday with the benchmark surging by nearly 1,000 points, reaching a new all-time-high above 22,000 points.
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Business
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Markets & Companies
10/16/2023 10:41:16 PM
Benchmark US crude oil for November delivery fell $1.03 to $86.66 a barrel Monday. Brent crude for December delivery fell $1.24 to $89.65 a barrel.
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