Sunday 24 Nov

US

Diesel demand dumps, inventories rise
2024/11/09

Diesel demand dumps, inventories rise

A rare occurrence for a fuel that powers large swaths of the global economy, global demand for diesel is expected to decline this year.

Weak China demand weighs on oil prices
2024/11/09

Weak China demand weighs on oil prices

Oil prices dipped this week as investors grappled with uncertainty following the U.S. presidential election. While China's recent stimulus measures failed to significantly boost market...

Oil prices edged up slightly, Brent crude hits $71.51 a barrel
2024/10/30

Oil prices edged up slightly, Brent crude hits $71.51 a barrel

Oil prices rebounded on Wednesday, recovering some of the losses from earlier in the week. This uptick was fueled by easing geopolitical tensions in the...

Regional real estate deals to bring in US dollars, sources say
2024/10/28

Regional real estate deals to bring in US dollars, sources say

Informed sources have indicated that Egypt is on the brink of unveiling a series of substantial regional real estate deals. These deals, whose details have...

Schneider Electric powers Africa with 40% of exports
2024/10/21

Schneider Electric powers Africa with 40% of exports

Schneider Electric, a leader in the digital transformation of energy management and automation, has revealed the latest advancements at its plant in Badr City, Egypt....

US dollar exchange rate Friday
2024/10/11

US dollar exchange rate Friday

The US dollar price against the Egyptian pound remained stable on Friday, October 11, 2024, across various Egyptian banks. There were no significant changes compared...

Gold prices hit new high at end of week
2024/10/11

Gold prices hit new high at end of week

Gold prices in Egypt recorded a new increase today, Friday, October 11, 2024, in gold shops and local markets, with a value of EGP20 for...

Europe braces for diesel flood as imports surge
2024/10/09

Europe braces for diesel flood as imports surge

Europe is gearing up for a significant influx of diesel imports this month, as shipments from both the United States and Saudi Arabia converge. The...