Inflation rate expected to rise in Egypt next year: experts
Egypt’s core inflation rate climbed to its highest level in seven years in June, underscoring the challenges…
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prices
Weaker dollar lifts oil prices, but mood remains bearish
Oil prices rebounded from over three-month lows on Tuesday, lifted by a drop in the dollar, but concerns of ongoing…
Oil prices dip on ongoing oversupply, economic headwinds
Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh…
Crude oil rises after ninth weekly stock drawdown in U.S.
Crude oil prices rose on Thursday after the U.S. Energy Department reported a ninth consecutive weekly drawdown of…
Asian shares at nine-month highs as oil prices, Fed hike views strengthen
Asian stocks climbed to nine-month highs on Thursday, helped by a recovery in global oil prices, while the dollar…
Oil edges lower ahead of U.S. crude inventory data
Oil prices edged lower on Wednesday ahead of weekly U.S. crude inventory data as investors awaited a clearer signal…
Egypt’s value added tax set at 14pct, to be tackled in parliament
The rate of Egypt’s long-delayed Value-added tax (VAT) has been set at 14 percent instead of the previous rate of…
Oil prices fall on oversupply concerns despite output cuts
Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in U.S. shale…
Egypt will not impose extra tax on fuel: Cabinet
The new value-added tax (VAT) bill, which has yet to be presented to parliament, does not impose any new VATs on…
China’s housing market slightly drops
Average housing prices in China rose at a slower pace in June from a month earlier, as the rebound in the housing…
