Economy
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…
EGAS plans to drill 10 wells in Delta, Mediterranean at $US 328 mn
February 28, 2020
EGAS plans to drill 10 wells in Delta, Mediterranean at $US 328 mn
Egypt’s EGAS has plans to drill 10 wells in the Nile Delta and the Mediterranean, with investments totaling $US 328…
Egypt develops comprehensive strategy for manufacturing cars: Minister
February 23, 2020
Egypt develops comprehensive strategy for manufacturing cars: Minister
The government has developed a comprehensive strategy for the automobile and electric cars industry, said Egyptian Minister of Military Production…
Egypt’s Public Domestic Debt lowest in a decade: Cabinet
February 23, 2020
Egypt’s Public Domestic Debt lowest in a decade: Cabinet
Egypt’s Public Domestic Debt as a percent of the country’s Gross Domestic Product has fallen to its lowest level in…