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Business
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Economy
2/1/2024 10:48:01 PM
Benchmark U.S. crude oil for March delivery fell $2.03 to $73.82 per barrel Thursday. Brent crude for April delivery fell $1.85 to $78.70 per barrel.
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Markets & Companies
2/1/2024 4:07:48 PM
The Egyptian Exchange (EGX) concluded Thursday's session on a positive note, with the EGX100 index surpassing 9,300 points. Simultaneously, the gold pound coin reached a new high value of EGP 31,000.
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Business
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Markets & Companies
1/30/2024 10:50:19 PM
Benchmark US crude oil for March delivery rose $1.04 to $77.82 per barrel Tuesday. Brent crude for March delivery rose 47 cents to $82.87 per barrel.
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Business
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Markets & Companies
1/30/2024 3:33:41 PM
The Egyptian Exchange (EGX) closed in the green on Tuesday, with the EGX30 index surpassing 30,000 points. Meanwhile, gold prices remained relatively steady.
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Business
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Markets & Companies
1/29/2024 11:35:52 PM
Benchmark US crude oil for March delivery fell $1.23 to $76.78 per barrel Monday. Brent crude for March delivery fell $1.15 to $82.40 per barrel.
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Business
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Economy
1/28/2024 5:15:47 PM
Egypt's recent gold market crisis could be attributed to a significant disparity between supply and demand, fueled by an overwhelming demand for profit, said Ihab Wassef, head of the Gold and Precious Ores Division at the Federation of Egyptian Industries.
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Business
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Markets & Companies
1/28/2024 3:18:07 PM
Egypt’s giant telecom operator Telecom Egypt has raised the monthly prices of prepaid landlines by up to EGP 5.
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Business
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Economy
1/28/2024 2:56:07 PM
The Ministry of Supply and Internal Trade has suspended trading on wheat in the Egyptian Mercantile Exchange (EME) due to price speculation in the local market, said Minister Ali Moselhi on Saturday.
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Business
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Economy
1/26/2024 5:45:08 PM
The price of luxury Islamic pilgrimage (Hajj) programmes soared by 45 percent to up to EGP 450,000, while the land pilgrimage prices surged by 73 percent to up to EGP 255,000, according to data released by the Ministry of Tourism and Antiquities.
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Business
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Economy
1/25/2024 10:53:32 PM
Benchmark U.S. crude oil for March delivery rose $2.27 to $77.36 per barrel Thursday. Brent crude for March delivery rose $2.39 to $82.43 per barrel.
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Business
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Economy
1/25/2024 6:11:16 PM
Gold prices in Egypt have spiked due to increased demand, read a statement on Thursday by the Gold, Jewellery, and Precious Metals Division of the Chamber of Mineral Industries of the Federation of Egyptian Industries.
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Business
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Economy
1/24/2024 11:27:30 PM
Benchmark U.S. crude oil for March delivery rose 72 cents to $75.09 per barrel Wednesday. Brent crude for March delivery rose 49 cents to $80.04 per barrel.
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Business
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Economy
1/24/2024 3:58:52 PM
Crude oil prices are expected to fluctuate in 2024 as geopolitical tensions and supply factors pull the market in different directions, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.
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Business
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Markets & Companies
1/24/2024 3:57:16 PM
Gold prices broke all records on Wednesday with the gold pound coin exceeding EGP 30,000 for the first time.
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Business
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Markets & Companies
1/23/2024 11:21:51 PM
Benchmark US crude oil for March delivery fell 39 cents to $74.37 per barrel Tuesday. Brent crude for March delivery fell 51 cents to $79.55 per barrel.
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Business
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Markets & Companies
1/23/2024 4:09:51 PM
The Egyptian Exchange's (EGX) main index dropped by 1.65 percent on Tuesday, with the market cap losing EGP 17 billion, while gold prices increased.
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Business
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Economy
1/23/2024 3:38:14 PM
Stock markets diverged and oil prices retreated Tuesday as Chinese officials reportedly mull action to bolster its flagging economy.
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Business
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Markets & Companies
1/22/2024 11:12:35 PM
Benchmark US crude oil for February delivery rose $1.78 to $75.19 per barrel Monday. Brent crude for March delivery rose $1.50 to $80.06 per barrel.
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Business
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Economy
1/22/2024 3:35:55 PM
Egypt’s imports of customs-free gold recorded approximately 3.8 tons over eight months, El-Shahat Ghatouri, head of the Egyptian Customs Authority (ETA), said on Monday.
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Business
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Markets & Companies
1/22/2024 3:05:22 PM
The Egyptian Exchange (EGX) indices and gold prices reached new record levels on Monday. The main index EGX30 surpassed 28,050 points and the 21-carat gold exceeded EGP 3,585 per gram.
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