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…

Egypt’s PM Madbouly Praises FOCAC’s Impact On Sino-African Ties

Egypt’s Prime Minister Mostafa Madbouly has highlighted the pivotal role of the Forum on China-Africa Cooperation (FOCAC) in strengthening Sino-African relations.

In an interview with Xinhua News Agency, Madbouly emphasized the forum’s ability to dri…

Bahrain All Share Index marks 1,944.41 points

Manama, Bahrain All Share Index has closed at 1,944.41 points, marking a decrease of 3.82 points below the previous closing.

This decrease was due to the drop in the communications services sector and materials sector.

Bahrain Islamic Index has clo…

Badawi Welcomes TotalEnergies’ Expansion Plans in Egypt

Minister of Petroleum and Mineral Resources Karim Badawi has held a meeting with officials from the French energy giant TotalEnergies.

The TotalEnergies delegation included Thomas Strauss, Managing Director at TotalEnergies Marketing Egypt; and Pasca…

PM attends official dinner banquet on fringe of FOCAC

Egypt’s Prime Minister Moustafa Madbouli attended on Wednesday an official dinner banquet in the presence of Chinese President Xi Jinping and his wife on the fringe of the Forum on China-Africa Cooperation (FOCAC).

FOCAC focuses on enhancing African-…

Egypt, Turkey Sign 17 MoUs, Aim for $15B Trade Exchange Annually

Turkish President Recep Tayyip Erdogan stated on Wednesday 4/9/2024 that economic cooperation and trade composed the main components of Egyptian-Turkish relations, saying that the two countries aim for $15 billion worth of trade annually in the coming…

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