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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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Business
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Markets & Companies
10/15/2023 3:38:20 PM
The Egyptian Exchange (EGX) indices led the week with a positive performance. The main index EGX30 exceeded 20,300 points on Sunday, approaching its historic levels achieved before the eruption of the Hamas-Israel conflict that affected the market starting from the 8th of October.
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Al-Ahram Weekly
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Egypt
10/10/2023 11:32:34 PM
The government is dealing with the repercussions of a decision to postpone any further devaluation of the pound, reports Sherine Abdel-Razek
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Business
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Economy
10/9/2023 10:04:48 AM
Oil prices rallied while the dollar and yen advanced Monday as Israeli forces bombarded Gaza after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East.
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Business
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Economy
10/8/2023 7:01:39 PM
Fitch Solutions expected that the Egyptian pound will be devaluated by 18.6 percent to reach around EGP38 against the US dollar by the end of the current year 2023.
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Business
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Markets & Companies
10/4/2023 10:49:42 PM
Benchmark US crude oil for November delivery fell $5.01 to $84.22 a barrel Wednesday. Brent crude for December delivery fell $5.11 to $85.81 a barrel.
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Business
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Economy
10/4/2023 9:35:25 PM
A consortium led by the General Authority of the Suez Canal Economic Zone (SCZone) has signed a framework agreement with C2X, the green energy arm of Danish logistics titan Maersk, to build a massive green fuel production facility for ships bunkering services to aid Egypt’s decarbonisation efforts.
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Business
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Markets & Companies
10/4/2023 5:46:36 PM
The Egyptian Exchange (EGX) rebounded on Wednesday after two sessions of declines. The benchmark index inched closer to return to its peak levels. Gold remains within its limits with no considerable change.
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Business
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Markets & Companies
10/2/2023 11:11:27 PM
Benchmark US crude oil for November delivery fell $1.97 to $88.82 a barrel Monday. Brent crude for December delivery fell $1.49 to $90.71 a barrel.
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