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Business
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Markets & Companies
10/24/2023 4:17:36 PM
The Egyptian Exchange (EGX) ended Tuesday with mixed performance, with the main index suffering a marginal decline; gold prices are still rising albeit at a slower rate.
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Business
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Economy
10/23/2023 8:15:49 PM
The Central Bank of Egypt (CBE) revised the deadline for transferring the export proceeds of gold artefacts to banks from 7 days to 30 days, according to a circular on Monday.
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Business
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Economy
10/23/2023 6:39:19 PM
The Ministry of Supply and Internal Trade launched on Monday a mega project to establish 17 green food hubs across Egypt in collaboration with the Ministry of International Cooperation, the Internal Trade Development Authority (ITDA), and the French Development Agency (AFD).
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Business
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Economy
10/22/2023 3:44:53 PM
Gold prices in Egypt increased by 12.42 percent since the start of the Palestinian-Israeli conflict on 7 October, reflecting uncertainty among investors.
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Business
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Economy
10/20/2023 4:03:10 PM
Stock markets slid and oil prices jumped Friday on worries that an expected ground invasion of Gaza by Israel would spark a wider conflict in the crude-rich Middle East.
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Business
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Markets & Companies
10/19/2023 3:52:14 PM
The Egyptian Exchange (EGX) indices ended Thursday with mixed performance and the market cap lost EGP 31 billion after taking unprecedented leaps mid-week. Gold prices are still rising, as the safe haven benefits from the rising geopolitical tensions.
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Business
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Markets & Companies
10/18/2023 3:31:37 PM
The Egyptian Exchange (EGX) indices closed near yesterday’s levels on Wednesday and the benchmark index EGX30 added 53 points to its historic high, reaching another milestone.
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Business
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Energy
10/18/2023 3:30:30 PM
Oil prices rallied and global stocks mostly fell Wednesday on fears that the Israel-Hamas war could spill over into a regional war after the Israeli massacre at Gaza hospital dealt a blow to President Joe Biden's diplomatic drive.
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Business
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Markets & Companies
10/18/2023 12:10:17 AM
Benchmark US crude oil for November delivery was unchanged at $86.66 a barrel Tuesday. Brent crude for December delivery rose 25 cents to $89.90 a barrel.
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Business
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Economy
10/17/2023 6:01:50 PM
US and European stock markets mostly fell and oil prices rose on Tuesday as US President Joe Biden prepared for a trip to the Middle East aimed at preventing the Israeli escalation against Gaza from creating a regional war.
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Business
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Markets & Companies
10/17/2023 4:35:36 PM
The Egyptian Exchange (EGX) continued its unprecedented performance on Tuesday with the benchmark surging by nearly 1,000 points, reaching a new all-time-high above 22,000 points.
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Business
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Economy
10/17/2023 1:46:01 PM
Egyptian state-owned Sidi Kerir Petrochemicals (Sidpec) signed an agreement with the Nigerian company Rungas to establish a gas cylinder factory in Egypt, according to a statement by Sidpec on Monday.
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Business
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Markets & Companies
10/16/2023 10:41:16 PM
Benchmark US crude oil for November delivery fell $1.03 to $86.66 a barrel Monday. Brent crude for December delivery fell $1.24 to $89.65 a barrel.
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Business
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Economy
10/16/2023 3:32:21 PM
Egypt’s Ministry of Supply and Internal Trade announced it has purchased 250,000 tons of rice to support Egypt’s strategic rice reserves for six months, read a ministry statement on Sunday.
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Business
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Markets & Companies
10/15/2023 3:38:20 PM
The Egyptian Exchange (EGX) indices led the week with a positive performance. The main index EGX30 exceeded 20,300 points on Sunday, approaching its historic levels achieved before the eruption of the Hamas-Israel conflict that affected the market starting from the 8th of October.
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Business
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Economy
10/12/2023 7:48:29 PM
The Egyptian government exempted a list of 12 basic foods from customs duties for six months, effective on Tuesday, 11 October, according to a decree published in the Egyptian Gazette on Thursday.
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Business
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Markets & Companies
10/12/2023 3:10:48 PM
The Egyptian Exchange (EGX) moved on Thursday towards full recovery from the impact of geopolitical tensions, as the benchmark returned to break the 20,000-point threshold near its historic highs. The market ended Thursday with mixed performance. Gold prices continue their rising trajectory.
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Business
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Markets & Companies
10/11/2023 3:58:05 PM
The Egyptian Exchange (EGX) is still processing the negative impacts of the Hamas-Israel conflict. The market ended Wednesday with mixed performance. Gold prices continue their rising trajectory.
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Al-Ahram Weekly
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Egypt
10/10/2023 11:42:37 PM
The government has launched an initiative to cut the prices of certain basic food items to help people struggling with inflation, reports Safeya Mounir
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Business
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Markets & Companies
10/10/2023 3:50:27 PM
The Egyptian Exchange (EGX) indices continue to recover from the blow at the beginning of the week as geopolitical tensions mount. Gold prices surged for the second day in a row and the gold coin reached EGP 18,000 for the first time in weeks.
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