China’s Sinopec reports 2.6% profit growth in H1 ’24
China Petroleum & Chemical Corp (Sinopec) reported a 2.6 per cent increase in net profit for the first half of…
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crude oil
Egypt industry: Transformational index up 0.07% in June ’24 – CAPMAS
Egypt's manufacturing and extractive industries experienced a marginal increase in June 2024.
India, Russia renew talks to boost local currency trade local – sources
Indian and Russian central banks are in renewed discussions to establish a mechanism for expanding local currency…
Oil steady in early Monday trade
Oil prices remained steady after their first weekly gain since early July, with the market anticipating Iran’s…
Egypt’s Badr-1 oil field storage capacity doubled
The Badr-1 site, operated by the Western Desert Oil Company (WEPCO), has doubled its storage capacity to 48,000…
DOE finalises purchase for strategic reserve
The US Department of Energy (DOE) has finalised a contract to purchase 4.65 million barrels of crude oil for the…
EU sanctions against Russia renewed for 6-m period
The Council of the EU renewed its restrictive measures against Russia for an additional six months, now valid until…
Asian shares slip despite China rate cut
Asian shares fell on Monday despite a rate cut by China's central bank.
Ethydco develops new pipe coating
The Egyptian Ethylene and Derivatives Company (Ethydco), in collaboration with its partner Muharram Plast, has…
Asian stocks fall on trade tensions
Asian stock markets fell on Thursday due to concerns about a potential trade war between the US and China.