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U.S. to expand curbs on chip and tool exports to China
The U.S. Department of Commerce intends to publish new regulations related to restricting exports of chip making…
Egypt signs MoU to host AfDB 2023 annual meetings
Egypt will host the Africa Development Bank Group’s (AfDB) upcoming annual meetings in May 2023, following the…
Gold prices in Egypt on September 12
Gold prices in Egypt spiked on Monday as the global prices of the yellow metal recorded $1,723.20.
Gold prices fall slightly with spotlight on U.S. inflation data
Gold prices inch down on Monday, with cautious investors’ focus being on a key U.S. inflation reading.
Euro climbs due to ECB signals, weakening dollar
The euro climbed to a more than three-week peak versus the dollar on Monday.
EBRD to finance Egypt transition from gas to wind power
The European Bank for Reconstruction and Development (EBRD) will provide $300 million to finance the…
Oil prices tumble amid China Covid curbs, possible rate hikes
Oil prices tumble on Monday with the global fuel demand outlook overshadowed by Covid-19 restrictions in China and…
Oil increases over 3% on supply threats
Oil prices increased over 3 percent on Friday supported by real and threatened cuts to supply.
Egypt, AfDB launch new country strategy 2022/2026
Egypt’s Ministry of International Cooperation and the African Development Bank (AfDB) launched on Thursday the new…
CIB bank partakes in two climate adaptation projects in Egypt – official
The Commercial International Bank (CIB-Egypt), is taking part in two projects for climate change adaptation in…