Friday 22 Nov

reserve

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...

Supply Minister announces 5-month strategic wheat reserve
2024/11/05

Supply Minister announces 5-month strategic wheat reserve

Dr. Sherif Fakhry, the Minister of Supply and Internal Trade, has announced that Egypt's strategic wheat reserves have reached a level that can sustain the...

Oil prices steady ahead of Fed rate hike, Brent Crude hits $73
2024/09/17

Oil prices steady ahead of Fed rate hike, Brent Crude hits $73

Oil prices have remained relatively steady as concerns about weakening demand forecasts offset the anticipated impact of an interest rate cut by the Federal Reserve....

Oil prices soar after Israeli strike on Hezbollah
2024/08/26

Oil prices soar after Israeli strike on Hezbollah

Oil prices soared following an Israeli airstrike on Hezbollah targets in southern Lebanon, escalating tensions in the Middle East. Brent crude climbed to $80 per...

Gold prices soar Tuesday
2024/08/13

Gold prices soar Tuesday

Gold prices increased today, Tuesday, August 13, 2024.

Egypt's foreign reserves hit record high of $46.4 billion
2024/07/07

Egypt's foreign reserves hit record high of $46.4 billion

The Central Bank of Egypt (CBE) announced today, Sunday, that its foreign reserves rose by $260 million to reach $46.4 billion at the end of...

Egypt's Central Bank hits record high with foreign reserves
2024/06/04

Egypt's Central Bank hits record high with foreign reserves

Egypt's Central Bank has recorded the highest level of foreign reserves in the country's history. On Tuesday, the bank announced that its foreign exchange reserves...