Egypt’s wheat tender falls short of target
Egypt is having difficulty securing wheat in advance, with its state buyer acquiring less than a tenth of its…
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Oil down on Tuesday
Oil prices declined after a five-day rally, with Brent falling below $82 a barrel and West Texas Intermediate (WTI)…
US budget deficit hit $244b in July
The US federal budget deficit for July 2024 hit $244 billion. Receipts for the month totalled $330 billion, with…
EGX closes mixed on August 12
Egypt’s stock market (EGX) closed mixed on Monday. The main index, EGX30 went up by 0.59 per cent, to 29,706.7…
Egypt, Rwanda sign pharmaceutical co-operation deal
The Egyptian Drug Authority (EDA) has formalised a partnership with its Rwandan counterpart, signing a Memorandum…
Egypt to establish logistics zone in Rwanda
Egypt has secured a plot of land near Rwanda’s border with Tanzania for the establishment of a logistics zone.
Magdi Yacoub Rwanda-Egypt Heart Centre Phase I starts
The first phase of the Magdi Yacoub Rwanda-Egypt Heart Center was inaugurated on August 12. The ceremony, attended…
Egypt offers EGP 28b to support young people
MSMEDA CEO Bassel Rahmy emphasised the agency's commitment to youth empowerment, offering diverse financial and…
URGENT: OPEC+ lowers ’24 oil demand forecast
OPEC+ has revised its oil demand forecast for 2024, lowering it by 135 thousand barrels per day (tb/d) to 2.1…
ADNOC Gas record 21% profit increase YoY in Q2
ADNOC Gas plc reported strong financial results for the second quarter of 2024, with an adjusted net income of…