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World
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International
8/25/2024 4:53:20 PM
Kamala Harris's US presidential campaign said Sunday that it has raised more than half a billion dollars in just over a month, "a record for any campaign in history."
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Business
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Energy
8/21/2024 11:24:31 AM
An ambitious plan to build a massive solar farm in remote northern Australia that would transmit energy by submarine cable to Singapore is a step closer after the Australian government granted environmental approvals for the 30 billion Australian dollar ($19 billion) project Wednesday.
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Business
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Markets & Companies
8/15/2024 6:50:54 PM
The exchange rate between the US Dollar and Egyptian Pound decreased on Thursday below EGP 49/ USD1 for the first time in 10 days, according to the Central Bank of Egypt (CBE)’s official website.
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Business
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Economy
8/12/2024 7:14:14 PM
BMI, a research firm associated with Fitch Solutions, forecasts a depreciation of the Egyptian pound against the US dollar throughout the remainder of 2024.
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Opinion
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8/9/2024 7:31:30 PM
In 1971, US Treasury Secretary John Connally famously told his counterparts in the G10 that “the dollar is our currency, but it’s your problem.”
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Business
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Economy
8/8/2024 12:53:45 PM
The Central Bank of Egypt (CBE) declared Wednesday that remittances from Egyptian expats increased by 65.9 percent in June 2024 to reach $2.6 billion, compared to $1.5 billion in June 2023.
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Business
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Markets & Companies
8/7/2024 9:11:18 AM
Benchmark US crude oil for September delivery rose 26 cents to $73.20 per barrel Tuesday. Brent crude for October delivery rose 18 cents to $76.48 per barrel.
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Business
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Economy
8/5/2024 7:33:45 PM
The US dollar reached its highest level against the Egyptian pound on Monday since 7 March, only a day after Egypt’s last EGP devaluation decision, according to the Central Bank of Egypt's (CBE) official website.
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Business
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Economy
8/1/2024 8:32:39 PM
International Business Associates Group for Money Transfer Services (IBAG), the official agent of Western Union International in Egypt, announced Thursday the launch of the first phase of the company's services, which allows receiving and sending money transfers in US dollars and Egyptian pounds through 20 branches of Banque Du Caire.
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Business
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Economy
7/31/2024 8:55:00 PM
The US dollar rate against the Egyptian Pound (EGP) hit its highest level on Wednesday since April.
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Business
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Economy
7/29/2024 5:58:00 PM
Potatoes are one of Egypt's strategic crops and a staple that Egyptians rely on, especially with the inflationary wave the country is experiencing and the low purchasing power resulting from local currency devaluation for the fourth time.
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War on Gaza
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War on Gaza
7/23/2024 12:51:17 PM
The Israeli government has budgeted millions of dollars to protect small, illegal Jewish farms in the Israeli-occupied West Bank, underwriting tiny outposts meant to grow into full-fledged settlements, according to an anti-settlement monitoring group.
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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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Business
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Economy
7/15/2024 12:01:01 PM
Equity markets were mixed Monday as investors weigh the impact of the assassination attempt on Donald Trump with data suggesting it has boosted his chances of being re-elected president.
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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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Business
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Tech
7/8/2024 7:07:34 PM
Chip-making juggernaut Taiwan Semiconductor Manufacturing Co. (TSMC) briefly surpassed $1 trillion in market capitalization on Monday as the AI frenzy continues to power tech stocks.
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Business
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Markets & Companies
7/8/2024 6:44:14 PM
China's electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariffs.
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Business
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Economy
6/24/2024 6:37:49 PM
The Egyptian pound's performance against the US dollar has fluctuated since the last depreciation of the local currency by the Central Bank of Egypt (CBE) on 6 March in line with its commitments to a flexible exchange rate regime under the $8 billion loan deal with the International Monetary Fund (IMF).
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