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Business
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Economy
5/23/2024 2:25:50 PM
Egypt’s New Urban Communities Authority (NUCA) has given the green light for the sale of land plots in eight cities to 34 foreign companies, all priced in US dollars, read a cabinet statement on Wednesday.
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Business
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Economy
5/23/2024 12:10:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene Thursday to decide on key interest rates for the last time in FY2023/2024, amid expectations that it will maintain the current interest rates as inflation rates have started to take a downward path over the past two months.
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Business
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Markets & Companies
5/22/2024 10:49:57 PM
Benchmark US crude oil for July delivery fell $1.09 to $77.57 per barrel Wednesday. Brent crude for July delivery fell 98 cents to $81.90 per barrel.
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Business
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Markets & Companies
5/21/2024 10:43:20 PM
Benchmark US crude oil for June delivery fell 54 cents to $79.26 per barrel Tuesday. Brent crude for July delivery fell 83 cents to $82.88 per barrel.
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Business
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Markets & Companies
5/20/2024 6:37:46 PM
The price of gold hit a record high Monday as the shock death of Iranian President Ebrahim Raisi in a helicopter crash boosted support for the precious metal seen as a haven investment.
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Business
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Economy
5/20/2024 2:41:42 PM
The global inflationary wave has raised Egypt's import bill by $4 billion per month due to the rise in global prices, increased shipping costs, and exchange rate fluctuations, Minister of Finance Mohamed Maait stated on Monday.
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Business
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Markets & Companies
5/15/2024 10:45:51 PM
Benchmark US crude oil for June delivery rose 61 cents to $78.63 per barrel Wednesday. Brent crude for July delivery rose 37 cents to $82.75 per barrel.
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Al-Ahram Weekly
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Economy
5/15/2024 10:28:00 AM
Cheaper food and commodity prices are helping to cool inflation in Egypt.
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Business
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Markets & Companies
5/13/2024 10:44:57 PM
Benchmark US crude oil for June delivery rose 86 cents to $79.12 per barrel Monday. Brent crude for July delivery rose 57 cents to $83.36 per barrel.
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Al-Ahram Weekly
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Economy
5/7/2024 9:29:42 PM
Despite the stock market downturn, economic experts are hopeful stability in the foreign exchange market will see stock prices rise, reports Safeya Mounir
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Business
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Economy
5/2/2024 11:22:01 AM
The US Federal Reserve on Wednesday held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.
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Business
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Economy
5/1/2024 3:20:47 PM
Jewellery and bullion demand in Egypt declined by 17 percent in the first quarter (1Q) of 2024 to 13.2 tons, down from 15.8 tons recorded in the correspondent quarter of 2023, according to the World Gold Council (WGC).
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Al-Ahram Weekly
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Egypt
5/1/2024 2:40:00 PM
A boycott campaign designed to protest against surging fish prices has been launched in Port Said.
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World
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International
5/1/2024 2:28:54 PM
Workers, activists and others in Asian capitals and European cities took to the streets on Wednesday to mark May Day with protests over rising prices and government labour policies and calls for greater labour rights.
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Business
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Markets & Companies
4/30/2024 10:55:59 PM
Benchmark US crude oil for June delivery fell 70 cents to $81.93 per barrel Tuesday. Brent crude for June delivery fell 54 cents to $87.86 per barrel.
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Al-Ahram Weekly
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Economy
4/23/2024 11:00:00 PM
The price of bread is falling thanks to government moves and global and local factors, reports Amira Hisham
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Business
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Markets & Companies
4/23/2024 9:47:59 PM
Benchmark US crude oil for June delivery rose $1.46 to $83.36 per barrel Tuesday. Brent crude for June delivery rose $1.42 to $88.42 per barrel.
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Al-Ahram Weekly
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Economy
4/23/2024 5:25:35 PM
Fish, traditionally known as the protein of the poor, have seen their prices rise in the past two months, with mullet increasing in cost by 10 per cent from LE150 on 1 February to LE165 this week. Similarly, tilapia has increased from LE95 to LE110.
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Business
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Markets & Companies
4/22/2024 10:43:17 PM
Benchmark US crude oil for May delivery fell 29 cents to $82.85 per barrel Monday. Brent crude for June delivery fell 29 cents to $87 per barrel.
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Egypt
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Society
4/22/2024 7:25:52 PM
For the second time this year, Philip Morris Egypt raised prices for packs of Marlboro, Merit, and L&M cigarettes by 5 EGP, according to a new price list released on Monday.
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