Cairo stocks flat after rate hike, oil dents Saudi bourse
Egypt’s stock market showed little reaction Sunday to an unexpected interest rate hike taken by the country’s…
Browsing Tag
crude oil
US crude oil dives 3%, hitting a 9-month closing low on supply concerns
Oil prices dived Tuesday to seven-month lows, tumbling 3 percent on signs of rising production in key parts of the…
Gulf stocks fall as oil drops; banks soft despite rate rises
A decline in crude oil prices to November lows put pressure on Gulf bourses on Thursday morning, while banking…
Iraq to send 2 million barrels of crude oil on Tuesday: Egypt’s EGPC
Egypt is set to receive Iraq’s first crude oil shipment on Tuesday, amounting to 2 million barrels, as part of a…
Oil drops for 3rd day as US inventories hit record high
Crude oil dropped for a third consecutive session Thursday as a record build-up in U.S. stockpiles weighed on the…
Iraq’s first crude shipment to arrive in Egypt by March-end: ambassador
An energy agreement bringing Iraqi crude oil to Egypt is being finalised and a first shipment of 1 million barrels…
Egypt nearing crude oil import deal with Iraq
Egypt is nearing an agreement to import crude oil from Iraq and is looking to other countries to help secure…
Iraq to start supplying Egypt with 1M oil barrels/month in days
Iraq is set to start supplying Egypt with one million barrels of light crude oil per month within the coming few…
Egypt’s bill of importing fuel drops 54.2% in nine months: CAPMAS
Egypt's bill of importing fuel declined by 54.2 percent in January-September 2016 to 30.1 billion pounds (US$1.6…
Oil prices climb on expectation of OPEC-led output cut
Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply…
