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Business
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Energy
7/11/2023 9:45:57 PM
A multi-billion dollar agreement signed with France's TotalEnergies could help resolve Iraq's longstanding electricity crisis, attract international investors and reduce its reliance on gas imports from neighboring Iran, a point of tension with Washington.
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Business
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Economy
7/11/2023 7:09:12 PM
The Egyptian Exchange ended in the green territory on Tuesday. Gold prices didn't move much from last week's levels.
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Business
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Economy
7/11/2023 3:50:05 PM
Major stock markets mostly rose Tuesday as China moved to boost its flagging economy, while the pound hit a 15-month high against the dollar as UK data pointed to more aggressive interest rates hikes from the Bank of England.
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Business
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Markets & Companies
7/10/2023 11:29:05 PM
Benchmark US crude oil for August delivery fell 87 cents to $72.99 a barrel Monday. Brent crude for September delivery fell 78 cents to $77.69 a barrel.
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Business
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Markets & Companies
7/9/2023 6:48:22 PM
The Egyptian Exchange's indices (EGX) sharply declined on Sunday, following the listing of local energy giant TAQA Arabia, whose stock value surged by 83.591 percent in the first session. Meanwhile, gold exhibited marginal signs of recovery.
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Business
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Markets & Companies
7/6/2023 6:04:57 PM
Gold prices continued their declining trajectory on Thursday, while the Egyptian Exchange ended in the red, with the market cap losing EGP 17 billion.
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Business
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Markets & Companies
7/5/2023 10:55:24 PM
Benchmark US crude oil for August delivery rose $2 to $71.79 a barrel Wednesday. Brent crude for September delivery rose 40 cents to $76.65 a barrel.
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Business
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Economy
7/5/2023 4:53:21 PM
Egypt's sovereign US-dollar-denominated bonds experienced a slight increase in their returns on international markets, rising by over 1 cent, due to growing demand for bonds from frontier markets like Pakistan and Ghana, as reported from Tradeweb via Reuters.
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Business
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Markets & Companies
7/3/2023 10:40:59 PM
Benchmark US crude oil for August delivery fell 85 cents to $69.79 a barrel Monday. Brent crude for September delivery fell 76 cents to $74.65 a barrel.
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Sports
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World
6/30/2023 1:56:27 PM
Real Madrid midfielder Luka Modric and former Liverpool defender Dejan Lovren were again charged in Croatia on Thursday with allegedly giving false testimony about financial deals they had with a former Dinamo Zagreb director who has been sentenced for embezzlement and tax fraud in a multi-million-dollar case.
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Business
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Markets & Companies
6/28/2023 5:15:34 PM
Benchmark US crude oil for August delivery fell $1.67 to $67.70 a barrel Tuesday. Brent crude for August delivery fell $1.92 to $72.26 a barrel.
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Business
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Markets & Companies
6/26/2023 5:40:01 PM
Gold prices in Egypt nearly stabilized on Monday, while the Egyptian stocks recovered some of Sunday's loss at the end of the two-day trading week before Eid Al-Adha long holiday.
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Business
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Markets & Companies
6/24/2023 3:31:40 PM
Egypt’s steel production has slowed since the beginning of the year as a result of a foreign currency shortage and a decline in local demand, two board members from the Chamber of Metallurgical Industries (CMI) at the Federation of Egyptian Industries told Ahram Online.
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Business
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Markets & Companies
6/24/2023 10:24:09 AM
Benchmark US crude oil for August delivery fell 35 cents to $69.16 a barrel Friday. Brent crude for August delivery fell 29 cents to $73.85 a barrel.
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Business
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Markets & Companies
6/22/2023 9:58:32 PM
Telecommunication companies in Egypt have asked National Telecommunications Regulatory Authority (NTRA) to approve raising prices for their services in order to deal with rising operational costs, according to reports in local media.
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Business
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Markets & Companies
6/20/2023 11:11:59 PM
Benchmark US crude oil for July delivery fell $1.28 to $70.50 a barrel Tuesday. Brent crude for August delivery fell 19 cents to $75.90 a barrel.
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Business
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Markets & Companies
6/18/2023 4:29:40 PM
The Egyptian Exchange's indices saw very active trading on Sunday, with the benchmark reaching a historic level above 18,000 points. Gold prices decline.
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Business
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Tech
6/15/2023 1:51:54 PM
TikTok's chief executive said Thursday the company would pour billions of dollars into Southeast Asia in the coming years, as a report showed its nascent venture into online shopping is paying off.
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Business
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Markets & Companies
6/12/2023 10:53:35 PM
Benchmark US crude oil for July delivery fell $3.05 to $67.12 a barrel Monday. Brent crude for August delivery fell $2.95 to $71.84 a barrel.
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Business
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Economy
6/12/2023 5:27:25 PM
Egypt's inflation started to rise again in May, with experts ascribing the increase to the dollar crisis and its impact on imports.
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