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World
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Region
10/24/2024 10:38:43 AM
An aid conference for Lebanon opens in Paris Thursday in the hope of raising hundreds of millions of dollars, with hosts France also targeting diplomatic progress for the war-ravaged country.
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World
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International
9/28/2024 7:15:57 PM
Hurricane Helene caused at least 52 deaths and billions of dollars of destruction across a wide swath of the southeastern U.S. as it raced through, and more than 3 million customers went into the weekend without any power and for some a continued threat of floods.
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Business
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Economy
9/18/2024 3:48:48 PM
European stock markets and the dollar mostly slipped Wednesday as the US Federal Reserve prepared to cut interest rates for the first time in more than four years.
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Business
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Markets & Companies
9/9/2024 4:03:45 PM
European stock markets and the dollar recovered Monday after big pre-weekend falls caused by concerns about the health of the US economy, but Asian equities declined further.
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World
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Region
9/8/2024 5:28:33 PM
Yemen's Houthi rebels said early Sunday they shot down another American-made MQ-9 drone flying over the country, marking potentially the latest downing of the multimillion-dollar surveillance aircraft. The US responded with airstrikes over Houthi-controlled territory, the rebels said.
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Business
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Economy
8/25/2024 8:17:16 PM
Egypt's automotive market is facing mounting pressure from rising prices and dwindling supply. The US dollar's surge against the Egyptian pound, coupled with a shortage of imported vehicles, has fueled the re-emergence of the "over-price" imposed on first-hand vehicles.
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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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