Economy

Oil surges after output cuts, strong dollar weighs

Oil surges after output cuts, strong dollar weighs

Oil prices jumped to their highest levels in a year and a half on Monday, after OPEC and non-OPEC producers…
Iran Air says signs deal to buy 80 Boeing passenger planes

Iran Air says signs deal to buy 80 Boeing passenger planes

Iran Air said it signed a deal on Sunday to buy 80 passenger planes from U.S. aircraft maker Boeing (BA.N),…
OPEC, non-OPEC agree first global oil pact since 2001

OPEC, non-OPEC agree first global oil pact since 2001

OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a…
GASC gets one offer at white sugar tender

GASC gets one offer at white sugar tender

Egypt's state buyer, the General Authority for Supply Commodities (GASC), received one offer at its white sugar tender on Saturday,…
Egypt received inflows of $1 billion in month since currency float: central bank

Egypt received inflows of $1 billion in month since currency float: central bank

Egypt's central bank governor Tarek Amer said on Saturday the country had received inflows of around $1 billion in the…
UK retail sales in November show strongest growth in 14 months – BDO

UK retail sales in November show strongest growth in 14 months – BDO

Britain's retailers enjoyed their strongest monthly sales growth for 14 months in November, helped by a return to growth in…
Oil extends gains on hopes for non-OPEC output cuts

Oil extends gains on hopes for non-OPEC output cuts

Oil prices extended gains for a second session running on Friday on optimism that non-OPEC producers would agree to cut…
US dollar selling rate increases at four banks

US dollar selling rate increases at four banks

The US dollar surge has continued at banks on Thursday at four banks including the National Bank of Egypt (NBE),…
Oil rallies over $50 despite OPEC output cut doubts

Oil rallies over $50 despite OPEC output cut doubts

Oil prices recovered above US$50 a barrel on Thursday, bouncing back from the week's lows as the dollar weakened against…
Inflation rate in consumer prices rises to 19.4 percent – CAPMAS

Inflation rate in consumer prices rises to 19.4 percent – CAPMAS

The annual inflation rate in consumer prices in Egypt's cities rose to 19.4 percent in November, compared to 13.6 percent…
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