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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…
Egypt’s stock indexes tumble due to coronavirus

Egypt’s stock indexes tumble due to coronavirus

Egyptian stock indexes fell Monday during a sales session by Egyptian and Arab investors, following an announcement of rising coronavirus…
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 plans to sell $500 mln Banque du Caire stake via IPO in April- chairman

Egypt plans to sell $500 mln Banque du Caire stake via IPO in April- chairman

CAIRO, March 3 (Reuters) – Egypt aims to sell a minority stake in state-owned Banque du Caire in an initial…
Egyptian bank launches program financing private solar energy panels

Egyptian bank launches program financing private solar energy panels

The Arab African International Bank (AAIB) on Sunday launched its latest project in retail banking and personal finance for financing individually-owned…
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