Business
Oil drop, coronavirus are ‘perfect storm’ for Middle East, North Africa: World Bank
March 11, 2020
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
March 10, 2020
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
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…
Egypt’s stock indexes tumble due to coronavirus
March 9, 2020
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
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 plans to sell $500 mln Banque du Caire stake via IPO in April- chairman
March 4, 2020
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
March 2, 2020
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…