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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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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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