Business & Finance

Oil prices record an increase upon settlement

Oil prices rose at settlement at the end of today’s trading, following the announcement of a decline in crude oil and gasoline inventories in the United States last week.

Brent crude futures rose by 42 cents, or 0.5 %, to reach $85.08 per barrel upon…

FRA, FDA collaborate for Egypt’s non-banking financial in SDG

The Financial Regulatory Authority (FRA) and the French Development Agency (FDA) have joined hands to strengthen Egypt’s non-banking financial sector in achieving the Sustainable Development Goals (SDGs).

They recently signed a memorandum of understa…

OPEC confirms oil demand growth expectations in 2024 and 2025

The Organization of the Petroleum Exporting Countries (OPEC) maintained its expectations for relatively strong growth in global oil demand in 2024 and 2025, noting that flexible economic growth and strong air travel will support the use of fuel in the…

Bahrain All Share Index marks 1,999.81 points

Manama, Bahrain All Share Index has closed at 1,999.81 points, marking a decrease of 5.36 points below the previous closing.

This decrease was due to the drop in the consumer discretionary sector, the financial sector, the materials sector and the re…

Oil prices fall at settlement to the lowest level in a week

Baghdad, Oil prices fell by about one percent at settlement at the close of trading, Monday, recording the lowest level in a week.

Brent crude futures fell 79 cents, or 0.9 %, to reach $85.75 per barrel upon settlement.

US West Texas Intermediate cr…

13,000 tons of goods handled at Red Sea Ports

About 13,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said.

In a statement, the RSPA said the imports included 5,000 tons of goods, 342 trucks and 165 cars, while the exports included …

Minister: Scaling up exports to $100b is a priority

Khatib has said such a target can be achieved by promoting export-orientated investments, enhancing the competitiveness of Egyptian products in global markets, opening new markets, leveraging free and preferential trade agreements, as well as utilisin…

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