Economy

Egypt utilizes opportunities to increase energy resources: Minister

Egypt utilizes opportunities to increase energy resources: Minister

Egypt’s Minister of Electricity and Renewable Energy Mohammed Shaker said on behalf of Prime Minister Mostafa Madbouly, at the opening of…
Egypt announces winners of 1st international bid for oil, gas exploration in the Red Sea

Egypt announces winners of 1st international bid for oil, gas exploration in the Red Sea

Egypt’s Minister of Petroleum and Mineral Resources Tarek al-Molla announced on Sunday the results of the first international bid round…
Sisi holds meeting with journalists on economy, regional issues

Sisi holds meeting with journalists on economy, regional issues

Egyptian President Abdel Fattah al-Sisi met with a number of newspaper editors and media personalities on the sidelines of the…
Facing US trade uncertainty, China seeks closer ties with neighbours

Facing US trade uncertainty, China seeks closer ties with neighbours

China made overtures on trade to Japan and South Korea and offered support for an infrastructure initiative as it hosted…
US dollar exchange rate in Egypt declines under LE16 mark

US dollar exchange rate in Egypt declines under LE16 mark

The US dollar exchange rate made a new record decline against the Egyptian pound, falling below the LE16 mark for…
Egypt’s Investment Minister, US delegation discuss boosting American investments in Egypt

Egypt’s Investment Minister, US delegation discuss boosting American investments in Egypt

Egyptian Minister of Investment and International Cooperation Sahar Nasr met on Monday with a delegation from the United States Senate…
Saudi Aramco gains 10% in debut to clinch top seat at $1.8T

Saudi Aramco gains 10% in debut to clinch top seat at $1.8T

RIYADH, Saudi Arabia (AP) — Saudi Arabia’s oil company Aramco gained 10% in its first moments on the stock market…
Egypt’s inflation rate hits 2.7%: CAPMAS

Egypt’s inflation rate hits 2.7%: CAPMAS

Egypt’s annual inflation rate has hit 2.7 percent this month, up from 2.4 percent in October and compared to 15.6…
Saudi Aramco starts trading after record $25.6 billion IPO

Saudi Aramco starts trading after record $25.6 billion IPO

RIYADH, Saudi Arabia (AP) — Saudi Arabia’s oil company Aramco is listed and started trading on the Saudi Tadawul stock…
Head of Suez Canal Economic Zone, Chinese officials discuss TEDA projects

Head of Suez Canal Economic Zone, Chinese officials discuss TEDA projects

Head of the Suez Canal Economic Zone (SCZone) Yehia Zaki held a meeting on Monday with a Chinese delegation from…
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