Economy

Stocks, crude hammered as Trump’s Europe ban fans recession fears

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

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

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

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

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

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

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

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

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

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…
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