Economy
Stocks, crude hammered as Trump’s Europe ban fans recession fears
March 12, 2020
Stocks, crude hammered as Trump’s Europe ban fans recession fears
Equities and oil prices fell through the floor again on Thursday after Donald Trump banned all travel from Europe to…
Oil drop, coronavirus are ‘perfect storm’ for Middle East, North Africa: World Bank
March 11, 2020
Oil drop, coronavirus are ‘perfect storm’ for Middle East, North Africa: World Bank
DUBAI (Reuters) — A record drop in oil prices and the coronavirus outbreak have left the Middle East and North…
US dollar exchange rate in Egypt jumps amid coronavirus fears, plummeting oil prices
March 10, 2020
US dollar exchange rate in Egypt jumps amid coronavirus fears, plummeting oil prices
The price of the US dollar against the Egyptian Pound went up in local banks during morning trading on Tuesday,…
Saudi Arabia increases oil output to record high
March 10, 2020
Saudi Arabia increases oil output to record high
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-run oil giant Saudi Aramco said Tuesday it would increase its crude…
Gold prices jump in Egypt as coronavirus fears weigh on global economy
March 9, 2020
Gold prices jump in Egypt as coronavirus fears weigh on global economy
The price of gold made a record jump in the Egyptian market on Monday by about LE 4, a result…
Petroleum Minister talks with US companies to pump investments into Egypt
March 7, 2020
Petroleum Minister talks with US companies to pump investments into Egypt
Egypt’s Minister of Petroleum and Mineral Resources Tarek al-Molla on Saturday met with several officials of US American companies during…
Russia holds key to cuts in crucial meeting of OPEC, allies
March 6, 2020
Russia holds key to cuts in crucial meeting of OPEC, allies
All eyes are on Russia at the gathering of OPEC countries and their allies Friday, with the cartel hoping to…
OPEC mulls big production cut of 1.5 million barrels a day
March 5, 2020
OPEC mulls big production cut of 1.5 million barrels a day
VIENNA (AP) — The oil-producing countries of the OPEC cartel are proposing a deep production cut of 1.5 million barrels…
Egypt most attractive to stock portfolios among emerging markets: Minister
March 1, 2020
Egypt most attractive to stock portfolios among emerging markets: Minister
International praise for Egypt’s continued improvement in its economic performance opens up new horizons in attracting foreign investments, Finance Minister…
Stock markets plunge, set for worst week since financial crisis
February 28, 2020
Stock markets plunge, set for worst week since financial crisis
Stock markets plunged further Friday, with equities on course for the largest weekly drop since the global financial crisis more…