Category: BUSINESS

Annual inflation rate deaccelerates to 25.2% in July: CAPMAS

Egypt’s annual inflation rate decelerated to 25.2 percent in July 2024 from 27.1 percent in June, with annual urban inflation slowing to 25.7 percent in July from June’s 27.5 percent, according to the latest data from the Central Agency for Public Mob…

Slight rise in US dollar prices in Baghdad and Erbil markets

The exchange rates of the US dollar against the Iraqi dinar rose on Thursday morning in the markets of Baghdad and Erbil.

The dollar prices rose slightly with the opening of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to reco…

Oil prices rise amid sharp drop in US crude inventories

Oil prices rose on Thursday for the third consecutive session after government data showed a sharp decline in US crude inventories, recovering prices from multi-month lows touched this week.

Brent crude futures rose 23 cents, or 0.3 %, to $78.56 a b…

PM witnesses inking of MoU on oil coop. between Egypt, UAE

Egyptian Prime Minister Moustafa Madbouli has witnessed the signing of a memorandum of understanding (MoU) between Egypt and the UAE to cement bilateral petroleum co-operation.

The signing ceremony was held Thursday 8/8/2024 at the government headqua…

Egypt, UAE forge path to $3B Mediterranean logistics trading zone

Egypt and the UAE joined a strategic partnership, by signing a memorandum of understanding (MoU). This landmark agreement sets the stage for the establishment of a cutting-edge logistics trading zone in the Mediterranean region, with investments proje…

Egypt, UAE forge path to $3B Mediterranean logistics trading zone

Egypt and the UAE joined a strategic partnership, by signing a memorandum of understanding (MoU). This landmark agreement sets the stage for the establishment of a cutting-edge logistics trading zone in the Mediterranean region, with investments proje…