Qatar c. bank cuts key interest rates by 25 basis points
The Central Bank of Qatar (QCB) on Wednesday lowered its main interest rates by 25 basis points on Wednesday,…
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Saudi c. bank cuts repo, reverse repo rates by 25 basis points
Saudi Arabia’s central bank (SAMA) on Wednesday reduced the Repurchase Agreement (Repo) rate by 25 basis points to…
UAE c. bank cuts base rate by 25 basis points
The Central Bank of the UAE (CBUAE) on Wednesday lowered its Base Rate for the Overnight Deposit Facility by 25…
Gold prices eased on Thursday
Gold eased from a near one-week high on Thursday as a divided US Federal Reserve rate cut left investors uncertain…
Oil prices steady on Thursday
Oil prices held steady on Thursday, with Brent crude at $62.16 a barrel and US West Texas Intermediate (WTI) at…
Asian markets retreat on Thursday
Asian markets retreated on Thursday after a sharp sell-off in US tech shares, triggered by disappointing earnings…
US Fed cuts interest rate to 3.5–3.75%
The US Federal Reserve on Wednesday lowered its benchmark interest rate by 1/4 percentage point to 3-1/2 to 3‑3/4…
EGX ends mostly in green on 9 Dec.
Egypt’s stock market (EGX) closed mostly in the green area on Tuesday.
Egypt exports 150,000 m3 LNG cargo to Türkiye via Shell
Egypt has exported a 150,000-cubic-metre liquefied natural gas (LNG) cargo from the Idku plant to Türkiye on behalf…
Egypt’s Delta North El-Basant–1 drilling operation successful, yields 10 MMcf/d
Egypt has successfully drilled the North El-Basant-1 exploratory well in the Delta, producing around 10 million…