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Business
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Markets & Companies
3/18/2024 11:06:37 PM
Benchmark US crude oil for April delivery rose $1.68 to $82.72 per barrel Monday. Brent crude for May delivery rose $1.55 to $86.89 per barrel.
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World
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War in Ukraine
3/18/2024 8:06:19 PM
President Volodymyr Zelenskyy said Monday that a swift decision by the US Congress on billions of dollars of military aid for Ukraine was "critically important", during a meeting with US Senator Lindsey Graham.
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Business
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Economy
3/18/2024 5:21:23 PM
The US dollar rate has continued to decline against the Egyptian pound since the Central Bank of Egypt (CBE) announced on 6 March that it would let the value of the local currency be set by market forces.
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Al-Ahram Weekly
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Egypt
3/14/2024 11:27:00 PM
Last year the black market was the main source of dollars for importers and businessmen. Dive straight into the market's perspective through a talk to purchasers and sellers for their take on the latest dance with the dollar.
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Al-Ahram Weekly
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Opinion
3/14/2024 11:25:00 PM
Though widely anticipated, the move by the Central Bank of Egypt (CBE) last Wednesday to allow market forces to determine the Egyptian pound’s exchange rate took everyone by surprise.
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Egypt
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Health
3/14/2024 11:06:18 PM
The United Nations Children’s Fund (UNICEF) announced on Thursday that it signed a one-million-dollar (EGP 48 million) agreement with the Egyptian Red Crescent Society to support Palestinian children from Gaza in Egypt.
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Business
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Markets & Companies
3/13/2024 10:45:47 PM
Benchmark US crude oil for April delivery rose $2.16 to $79.72 per barrel Wednesday. Brent crude for May delivery rose $2.11 to $84.03 per barrel.
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Business
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Economy
3/13/2024 1:36:49 PM
The value of the commodities released over the past 10 days from ports amounted to $1.7 billion, Egypt’s Minister of Finance Mohamed Maait stated on Wednesday.
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Business
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Markets & Companies
3/12/2024 11:13:06 PM
Benchmark US crude oil for April delivery fell 37 cents to $77.56 per barrel Tuesday. Brent crude for May delivery fell 29 cents to $81.92 per barrel.
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Al-Ahram Weekly
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Egypt
3/12/2024 8:31:36 PM
Sarah Elhosary reports on the latest fluctuations in gold prices
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Business
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Economy
3/12/2024 4:26:09 PM
The US dollar rate against the Egyptian pound declined on Tuesday by approximately 1.5 percent to EGP 48.8/1 USD for selling, compared to EGP 49.5/1 USD recorded a week ago and EGP 49/1 USD seen on Monday, according to the rates on the Central Bank of Egypt (CBE)’s website.
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Business
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Markets & Companies
3/11/2024 11:35:37 PM
Benchmark US crude oil for April delivery fell 8 cents to $77.93 per barrel Monday. Brent crude for May delivery rose 13 cents to $82.21 per barrel.
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Business
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Economy
3/11/2024 9:55:04 PM
Bitcoin raced to an all-time peak above $72,000 Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness.
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Business
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Economy
3/7/2024 8:04:00 PM
The Egyptian pound averaged EGP 49.3 against the US dollar in most major banks at the closing of Thursday's trading just 24 hours after the Central Bank of Egypt (CBE) floated the local currency against the greenback.
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Business
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Economy
3/7/2024 6:23:25 PM
Prime Minister Mostafa Madbouly explained the government’s plan to eliminate the dollar gap, the crackdown on the parallel market, and the expected decrease in commodities prices, in a press conference after overseeing goods release at the Alexandria Port on Thursday.
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Business
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Markets & Companies
3/7/2024 10:52:44 AM
Benchmark US crude oil for April delivery rose 98 cents to $79.13 per barrel Wednesday. Brent crude for May delivery rose 92 cents to $82.96 per barrel.
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War on Gaza
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War on Gaza
3/6/2024 7:36:10 PM
Canada will restore funding to the United Nations Relief Agency for Palestinians (UNRWA), a government official tells The Associated Press, weeks after the agency lost hundreds of millions of dollars in support following Israeli allegations against some of its staffers in Gaza.
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Business
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Economy
3/6/2024 4:41:00 PM
The Egyptian pound experienced a significant drop on Wednesday, declining by 62 percent to approximately EGP 50.1 against the US dollar and EGP 54.5 against the euro.
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Business
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Economy
3/6/2024 1:03:57 PM
Egypt and the International Monetary Fund (IMF) are expected to finalize a multi-billion dollar loan agreement within the next few hours, said a senior source close to talks.
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Business
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Markets & Companies
3/5/2024 11:24:57 PM
Benchmark US crude oil for April delivery fell 59 cents to $78.15 per barrel Tuesday. Brent crude for May delivery fell 76 cents to $82.04 per barrel.
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