Business & Finance

Oil prices rise 3 percent on Middle East escalation fears

Oil prices rose about three percent today, Monday, on fears that the escalation of the situation in the Middle East would disrupt oil supplies from the region.

Brent crude futures rose $2.30, or 2.91 percent, to $81.32 a barrel, and US crude futures …

Finance Minister: We eye more British investments in Egypt

Minister of Finance Ahmed Kouchouk has described Britain as key partner to Egypt, saying that it is one of the biggest investors in the Egyptian markets.

During a meeting with British Ambassador in Cairo Gareth Bayley at the ministry Headquarters in …

Oil prices rise amid expectations of a US interest rate cut

Oil prices rose in Asian trading on Monday on concerns that an escalation in the Middle East could disrupt regional oil supplies, while imminent US interest rate cuts boosted global economic prospects and fuel demand.

Brent crude futures rose 37 cent…

PM reviews efforts to ensure market stability, price control

Prime Minister Mostafa Madbouly presided over the Committee for Market Regulation and Commodity Prices meeting to oversee the availability of essential commodities and maintain price stability.

During the session, Osama El-Gohary, Assistant to the Pr…

Egypt, Sierra Leone discuss cooperation chances

Kamel El Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, met on Monday with Sierra Leone Ambassador in Cairo Sadiq Silla.

They discussed chances of bilateral cooperation in the industrial domains.

A st…

Investment minister lauds fruitful economic cooperation with US

Investment Minister Hassan el-Khateeb has praised long relations and fruitful cooperation between Egypt and the US in all fields and at all levels.

Speaking during a meeting with US Ambassador in Cairo Herro Mustafa Garg, the minister reviewed means …

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