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Business
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Economy
5/4/2023 6:33:00 PM
“Despite the sky-high prices, people are waiting in long queues to buy gold. Retailers are pricing their products based on a dollar price of almost EGP 50,” the owner of a gold shop in Cairo told Ahram Online.
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Business
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Markets & Companies
5/2/2023 10:36:21 PM
Benchmark US crude oil for June delivery fell $4 to $71.66 a barrel Tuesday. Brent crude for July delivery fell $3.99 to $75.32 a barrel.
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Business
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Markets & Companies
5/2/2023 5:40:55 PM
European and US stock markets slid while the dollar mostly firmed Tuesday as focus turned to the US Federal Reserve which kicked off a two-day meeting Tuesday morning to decide whether to raise its benchmark lending rate for a 10th, and possibly final, time to tackle rising prices.
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Business
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Markets & Companies
5/1/2023 10:44:47 PM
Benchmark US crude oil for June delivery fell $1.12 to $75.66 a barrel Friday. Brent crude for July delivery fell $1.02 to $79.31 a barrel.
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Business
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Economy
4/30/2023 7:28:04 PM
Egypt is considering importing wheat in exchange for foreign currencies other than the US dollar, including the Indian rupee and Chinese yuan, Minister of Supply and Internal Trade Ali Moselhi reportedly said on Saturday.
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Business
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Markets & Companies
4/27/2023 10:01:35 PM
Benchmark US crude oil for June delivery rose 46 cents to $74.76 a barrel Thursday. Brent crude for June delivery rose 68 cents to $78.37 a barrel.
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Business
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Economy
4/25/2023 1:40:09 PM
In a sign fears about the global financial system have eased for now, major central banks are scaling back their offer of emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about wider troubles.
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Business
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Markets & Companies
4/22/2023 12:09:16 PM
Benchmark US crude oil for June delivery rose 50 cents to $77.87 a barrel Friday. Brent crude for June delivery rose 56 cents to $81.66 a barrel.
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Business
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Markets & Companies
4/19/2023 11:28:03 PM
Benchmark US crude oil for May delivery fell $1.70 to $79.16 a barrel Wednesday. Brent crude for June delivery fell $1.65 to $83.12 a barrel.
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Business
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Markets & Companies
4/18/2023 10:25:58 PM
Benchmark US crude oil for May delivery rose 3 cents to $80.86 a barrel Tuesday. Brent crude for June delivery rose 1 cents to $84.77 a barrel.
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Business
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Economy
4/16/2023 8:12:14 PM
Economic sanctions imposed on Russia and other countries by the United States put the dollar's dominance at risk as targeted nations seek out an alternative, Treasury Secretary Janet Yellen said Sunday.
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Business
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Economy
4/16/2023 7:20:06 PM
Several global manufacturers are building factories and expanding in Egypt, injecting millions of dollars in the market, CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba stated during a meeting with Prime Minister Mostafa Madbouly.
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Business
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Economy
4/16/2023 12:35:08 PM
Saudi Arabia has put a second four-percent chunk of shares of the Aramco oil giant, worth tens of billions of dollars, under the control of the country's sovereign wealth fund, state media said Sunday.
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Business
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Markets & Companies
4/12/2023 10:40:25 PM
Benchmark US crude oil for May delivery rose $1.73 to $83.26 a barrel Wednesday. Brent crude for June delivery rose $1.72 to $87.33 a barrel.
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Business
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Markets & Companies
4/11/2023 10:43:39 PM
Benchmark US crude oil for May delivery rose $1.79 to $81.53 a barrel Tuesday. Brent crude for June delivery rose $1.43 to $85.61 a barrel.
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Business
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Markets & Companies
4/10/2023 11:21:35 PM
Benchmark US crude oil for May delivery fell 96 cents to $79.74 a barrel Monday. Brent crude for June delivery fell 94 cents to $84.18 a barrel.
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Business
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Markets & Companies
4/5/2023 11:39:55 PM
Benchmark US crude oil for May delivery fell 10 cents to $80.61 a barrel Wednesday. Brent crude for June delivery rose 5 cents to $84.99 a barrel.
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Al-Ahram Weekly
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Economy
4/5/2023 7:15:00 PM
The Central Bank of Egypt raised interest rates at a meeting of its Monetary Policy Committee last week but took no action on the pound.
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Business
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Markets & Companies
4/4/2023 10:07:14 PM
Benchmark US crude oil for May delivery rose 29 cents to $80.71 a barrel Tuesday. Brent crude for June delivery rose 1 cent to $84.94 a barrel.
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Business
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Economy
4/4/2023 8:40:21 PM
Russian ambassador to the United Nations Vassily Nebenzia late on Monday stressed the need to "de-dollarize" the world economy after the West's sanctions against Russia caused concerns about the reliability of the dollar-based international payment system.
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