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Business - Economy
1/18/2023 4:56:38 PM
Egypt has raised the price of local wheat procurement for the new harvest season, which starts in April 2023, by 42 percent to hit EGP 1,250 per ardeb (1 ardeb= 150kg), up from EGP 880.

Business - Economy
1/18/2023 4:34:14 PM
Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth straight monthly slowdown and a hopeful sign that inflation pressures will continue to cool.

Business - Markets & Companies
1/17/2023 11:00:59 PM
Benchmark US crude oil for February delivery rose 32 cents to $80.18 a barrel Tuesday. Brent crude for March delivery rose $1.46 to $85.92 a barrel.

Al-Ahram Weekly - Egypt
1/17/2023 9:54:36 PM
The new and used car market in Egypt has slumped due to a host of local and global conditions, reports Amira Hisham

Business - Economy
1/17/2023 8:11:18 PM
Germany will avoid a painful recession this year, Chancellor Olaf Scholz said Tuesday, predicting that Europe's largest economy will overcome elevated energy prices following the Russian invasion of Ukraine.

Business - Markets & Companies
1/12/2023 10:44:59 PM
Benchmark U.S. crude oil for February delivery rose 98 cents to $78.39 a barrel Thursday. Brent crude for March delivery rose $1.36 to $84.03 a barrel.

Business - Markets & Companies
1/11/2023 11:22:33 PM
Benchmark US crude oil for February delivery rose $2.29 to $77.41 a barrel Wednesday. Brent crude for March delivery rose $2.57 to $82.67 a barrel.

Business - Economy
1/11/2023 7:10:35 PM
Prices for 21-karat gold in Egypt reached a record-high price of EGP 1,820 on Wednesday, an increase of 6.4 percent compared to a day earlier, according to the Egyptian Gold and Jewellery Trade Division in the Egyptian Federation of Egyptian Chambers of Commerce.

Business - Economy
1/11/2023 5:38:00 PM
In a dramatic performance on Wednesday, the Egyptian pound hit its lowest-ever price of EGP 31 against the US dollar, losing over 100 percent of its value since March before slowing down to EGP 29.63 at the Central Bank of Egypt (CBE) and major banks.

Business - Markets & Companies
1/10/2023 10:35:01 PM
Benchmark US crude oil for February delivery rose 49 cents to $75.12 a barrel Tuesday. Brent crude for March delivery rose 45 cents to $80.10 a barrel.

Business - Economy
1/10/2023 9:22:09 PM
Egypt has committed to the International Monetary Fund (IMF) to endure structural reforms in its macroeconomic schemes, fuel prices and foreign exchange policies (FX) as well as its debt structure among several monetary and fiscal policies, according to the fund staff report released on Tuesday.

Business - Economy
1/10/2023 6:16:54 PM
The global economy will slow "perilously close" to a recession this year, led by weaker growth in all the world's top economies _ the United States, Europe and China, the World Bank warned on Tuesday.

Business - Markets & Companies
1/9/2023 10:53:19 PM
Benchmark U.S. crude oil for February delivery rose 86 cents to $74.63 a barrel Monday. Brent crude for March delivery rose $1.08 to $79.65 a barrel.

Business - Energy
1/9/2023 5:22:17 PM
Spain's government said Monday that it would ask the EU to extend a cap on electricity prices until the end of 2024, while awaiting an overhaul of the bloc's power market rules.

Business - Economy
1/6/2023 5:46:58 PM
World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed Friday.

Business - Markets & Companies
1/5/2023 10:37:07 PM
Benchmark U.S. crude oil for February delivery rose 83 cents to $73.67 a barrel Thursday. Brent crude for March delivery rose 85 cents to $78.69 a barrel.

Business - Economy
1/5/2023 11:09:20 AM
Asian markets rose Thursday, led by Hong Kong after the city's traders extended an impressive start to the year thanks to optimism over China's reopening and officials there making key policy changes to encourage investment.

Business - Economy
1/4/2023 10:54:10 PM
Benchmark US crude oil for February delivery fell $4.09 to $72.84 a barrel Wednesday. Brent crude for March delivery fell $4.26 to $77.84 a barrel.

Business - Energy
1/4/2023 9:55:32 PM
Global oil prices plunged Wednesday over China demand concerns and European gas prices sank to their lowest levels since November 2021 as mild winter weather reduced demand.

Business - Economy
1/4/2023 4:40:00 PM
The Egyptian pound lost over 10 percent of its value against the US dollar in Wednesday’s transactions at major banks, a few hours after the National Bank of Egypt (NBE) and Banque Misr offered new 25-percent-yield saving certificates.

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