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…

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…

Finance: Employee salaries on Thursday by no less than 70%

Ramallah – Ma’an – The Ministry of Finance announced that the date for disbursing public employees’ salaries for the month of July 7/2024 is Thursday, September 5, 2024, at a rate of no less than 70% and a minimum of 3,500 shekels.

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