Business & Finance

Oil prices fall by more than a dollar amid concerns about demand

Oil prices closed down by more than a dollar per barrel at the close of trading on Thursday.

Brent crude futures fell $1.05 at the close, or 1.42 %, to $72.70 per barrel. US West Texas Intermediate crude futures fell $1.14, or 1.62 %, to $69.20.

Tod…

CBE keeps key interest rates unchanged

The Central Bank of Egypt’s Monetary Policy Committee (MPC) decided Thursday 5/9/2024 to keep key interest rates unchanged. The decision leaves the overnight deposit, overnight lending, and main operation rates at 27.25%, 28.25% and 27.75% respectivel…

Head of SCEZone meets BEFAR (Binhua) group

During a promotional tour in China, Mr. Walid Gamaleldin, Chairman of the General Authority for the Suez Canal Economic Zone, met with Mr. Yu Jiang, President of BEFAR Group. The purpose of the meeting was to discuss the establishment of integrated pr…

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