Egypt's Ministry of Petroleum on Wednesday denied any connection to a liquefied natural gas (LNG) tanker involved in an incident off the Libyan coast. It said the vessel was neither bound for an Egyptian port nor linked to any gas supply contracts (...)
Oil prices climbed more than 3 per cent on Thursday, extending gains for a fifth straight session as the escalating war between the United States, Israel and Iran heightened fears of prolonged disruptions to Middle East oil and gas supplies.
Brent (...)
Gold prices rose on Thursday amid safe-haven demand driven by escalating Middle East conflict, while a firmer dollar and US monetary policy concerns limited gains.
Spot gold climbed 0.6 per cent to $5,168.43 per ounce, with April US futures up 0.9 (...)
Egypt's stock market (EGX) closed in the green area on Thursday.
* The benchmark index, EGX30, went up 2.29 per cent to 47,516.44 points.
* The Shariah index, EGX33, surged by 1.61 per cent to 5,048.92 points.
* The index EGX35-LV rose by 0.81 (...)
Egypt's stock market (EGX) closed mostly green on Wednesday.
* The benchmark index, EGX30, fell by 0.59 per cent to 46,452.14 points.
* The Shariah index, EGX33, advanced by 0.38 per cent, to 4,968.86 points.
* The EGX35-LV index climbed by 0.39 (...)
Egypt's Ministry of Foreign Affairs has stepped up diplomatic outreach to Western countries to reaffirm the nation's security and stability, ensuring there is no need to revise travel advisories, the ministry said Wednesday.
Egypt, considered a key (...)
US stock index futures fell early Wednesday as investors weighed an escalating Middle East conflict and rising oil prices ahead of fresh economic data expected to shape the interest rate outlook.
Brent crude rose nearly 2 per cent, extending weekly (...)
Gold rebounded in Asian trading on Wednesday, rising 1.2 per cent to $5,150.63 an ounce after plunging nearly 5 per cent on Tuesday, as investors weighed safe-haven demand amid escalating US–Iran tensions and a stronger dollar. US gold futures (...)
Egypt's Minister of Foreign Affairs Badr Abdel-Atty on Tuesday inspected the consular task force managing the situation of Egyptian citizens in Kuwait, Qatar, Bahrain, the UAE, Saudi Arabia, Jordan, Iraq, and Lebanon amid escalating military (...)
QatarEnergy has stopped production of liquefied natural gas (LNG) and associated products following military attacks on its facilities in Ras Laffan Industrial City and Mesaieed Industrial City. The suspension was announced on 2 March 2026.
The (...)
Egypt's Suez Canal is operating normally in both directions, providing full 24-hour maritime services, the waterway's authority Chairman Osama Rabie said on Tuesday.
On Tuesday, 56 ships transited the Canal, carrying a total net tonnage of 2.6 (...)
Egypt is advancing plans to connect the Cyprus Aphrodite gas field to its domestic infrastructure, a move aimed at enabling re-exports to international markets, the Ministry of Petroleum said on Monday.
The discussion took place during a video (...)
Global oil and gas shipping rates have surged to record levels as tensions between the United States and Iran escalated, disrupting traffic through the Strait of Hormuz and driving up energy prices worldwide.
Freight rates for very large crude (...)
Global markets extended losses on Tuesday as investors weighed the fallout from US and Israeli strikes on Iran, lifting the dollar and energy prices while deepening a selloff in equities.
MSCI's broadest Asia-Pacific index outside Japan fell 2.9 per (...)
Egypt has signed a memorandum of understanding with the World Food Programme (WFP) to expand cooperation in enhancing food security and social protection systems, covering the period from March 2026 to June 2028. The agreement was finalised on (...)
Egypt's stock market (EGX) closed mixed on Tuesday.
* The benchmark index, EGX30, went down by 2.03 per cent, to 46,725.81 points.
* The Shariah index, EGX33, dropped by 1.88 per cent to 4,949.83 points.
* The index EGX35-LV rose by 0.75 per cent (...)
Egypt's non-oil private sector contracted in February 2026 as business activity and demand eased for the first time in four months. The seasonally adjusted S&P Global Egypt Purchasing Managers' Index (PMI) fell to 48.9 from 49.8 in January, slipping (...)
The Egyptian Exchange's (EGX) Listing Committee approved the temporary listing of Misr Life Insurance Company shares on Tuesday, marking the first time an insurance company has joined the bourse since 1985.
According to the EGX statement, the shares (...)
Egypt's Ministry of Petroleum and Mineral Resources has implemented proactive measures to secure domestic supplies of natural gas and petroleum products amid accelerating geopolitical developments. The steps come after the suspension of gas flows (...)
Egypt's Minister of Supply, Sherif Farouk, confirmed the availability of a safe stock of various essential goods, with reserves sufficient for several months, in light of recent regional developments. This came on Saturday during a meeting with (...)
Egypt's Cabinet has activated its Crisis Room to follow updates around the clock in response to regional developments on Saturday. The Cabinet Operations Room is coordinating in real time with relevant authorities and governorates.
It is also (...)
Egypt's national electricity grid is operating steadily across all sectors, with power stations receiving regular natural gas supplies. Minister of Electricity and Renewable Energy Mahmoud Esmat confirmed that plans are in place to maintain (...)
Egypt's Minister of Civil Aviation, Samih Al-Hefny, is monitoring flight operations around the clock amid regional developments that have led several neighbouring countries to close parts of their airspace. The ministry is coordinating through the (...)
Egypt's Prime Minister Moustafa Madbouly held a high-level meeting on Sunday to review the preparedness of the country's energy sector amid recent military escalation in the region. The meeting focused on assessing the sector's readiness and (...)
Egypt is maintaining smooth airport operations amid recent disruptions and rapidly evolving developments that led to the closure of neighbouring countries' airspace.
Minister of Civil Aviation Sameh El-Hefny inspected the Operations Room and Crisis (...)