Oil prices fell on Tuesday, influenced by prevailing uncertainties regarding supply and demand in energy markets.
West Texas Intermediate (WTI) decreased by 0.5 percent, losing 35 cents and settling at $72.32. Brent crude future lost 50 cents, (...)
Gold prices in Egypt continued to decrease on Tuesday. Global gold prices also deceased, as reflected in the price of Gold Ounce.
Below are the latest gold prices in Egyptian pounds and U.S. dollars at 10:00 CLT (7:00 GMT):
Carat Price in Egyptian (...)
President of African Federation for Construction Contractor's Associations (AFCCA), Hassan Abdelaziz highlighted on Sunday the volume of Egypt's recent construction investments in Africa.
The African Federation has managed to attract projects of (...)
Nicolas Ghesquiere's collection for Louis Vuitton 2024 Cruise was revealed on Wednesday in an eye-catching show at the Borromeo Palace.
The featured collection was described by Ghesquiere as "archaeology of the future.′′ Sabrina Impacciatore, who (...)
Local gold prices resumed their downward trend on Thursday. Global gold prices, reflected in the price of gold ounce have also decreased.
Below are the latest gold prices in Egyptian pounds and U.S. dollars at 11:00 CLT (08:00 GMT):
Carat Price in (...)
First Citizens BancShares announced on Wednesday it was cutting about 500 jobs of corporate Silicon Valley Bank positions.
First Citizens has acquired Silicon Valley Bank last March after depositors ruched to withdraw their money. Concerned (...)
Introducing new financial technologies offers the potential to unlock green finances in Africa, said Aiaze Mitha, Global Lead for Digital Finance for the SDGs at UNDP, during the African Development Bank's (AfDB) Annual Meetings on Wednesday.
Mitha, (...)
The Federal Statistical Office showed on Thursday that Germany's GDP fell by 0.3 percent, marking the second quarter of contraction for the country.
Franziska Palmas, senior Europe economist said data shows Germany having the worst economic (...)
Acquainted sources said SHEIN, the giant fast-fashion manufacturer, plans to establish a factory in Mexico, Reuters reported on Tuesday.
The factory's location has not been decided yet, the sources said, while SHEIN declined to comment on the (...)
Gold mines consume around 11 percent of global energy, resulting in annual carbon dioxide emissions of around 126.4 million tons, according to the World Gold Council (WGC).
The resulting emissions from gold mining are equivalent to Nigeria's (...)
Akinwumi Adesina, President of the African Development Bank Group (AfDB), addressed on Wednesday the issue of poor climate financing for Africa.
"Climate financing resources are only flowing to Africa in trickles," Adesina stated, referring to (...)
Local gold prices continued to decrease on Wednesday. Global gold prices, reflected in the price of gold ounce have increased, however.
Below are the latest gold prices in Egyptian pounds and U.S. dollars at 10:45 CLT (07:45 GMT):
Carat Price in (...)
The African Development Bank Group's 2023 meeting witnessed on Tuesday the Africa Investment Forum (AIF) presenting renewable energy projects to investors.
The presented projects are estimated to be worth around $1.5 billion and have attracted (...)
The African Development Bank Group's (AfDB) vice president, Kevin Urama, has tackled on Wednesday the current role private sector play in financing Africa's climate action and green growth.
Urama referred to the current total private climate finance (...)
The Egyptian Minister of Environment, Yasmine Fouad, discussed on Tuesday cooperation in the field of blue economy with a World Bank (WB) delegation.
Fouad asserted that the blue economy is part of the national direction Egypt aims to incorporate in (...)
The Russian government is considering implementing an export ban on gasoline, informed sources told Reuters on Tuesday. The move is said to be a precautionary measure to prevent domestic fuel shortages and price hikes.
Industry and government (...)
The annual general shareholder meeting of Shell was discontinued on Tuesday due to climate activists protesting against the oil giant.
Chairman Andrew Mackenzie was unable to start the meeting since protesters kept chanting against the company. (...)
Local gold prices reversed their direction on Tuesday, decreasing along with global gold prices.
Below are the latest gold prices in Egyptian pounds and U.S. dollars at 10:30 CLT (07:30 GMT):
Carat Price in Egyptian pounds/dollar
Global Gold Ounce (...)
China has approved Microsoft's plan to acquire video game company Activision Blizzard, the firm announced on Friday. Although the Chinese approval was unconditional, it is required in mainland China that game-makers cooperate with a Chinese (...)
The International Energy Agency's (IEA) head, Fatih Birol, said that he expects European oil markets to face three main challenges in the upcoming year.
In an interview with CNBC, Birol said the continent did manage to overcome several challenges (...)
Local gold prices resumed their surge on Monday. International gold prices have also witnessed a slight increase.
Below are the latest gold prices in Egyptian pounds and U.S. dollars at 12:30 CLT (09:30 GMT):
Carat Price in Egyptian (...)
Smoke of wildfires in Canada have drifted into the United States, prompting several states to issue air quality alerts.
The states of Colorado and Montana issued air quality alerts for Saturday afternoon through Sunday afternoon. However, the state (...)
A price cap was imposed on Russian crude oil in addition to Russian oil products on Saturday during G7 meetings. Russian oil price was set to be capped at $60 per barrel, in an attempt to reduce Russian revenues.
The Executive Director of (...)
Local gold prices went back to increasing on Sunday. International gold prices, on the other hand, have decreased.
Below are the latest gold prices in Egyptian pounds and U.S. dollars at 10:30 CLT (07:30 GMT):
Carat Price in Egyptian (...)
Torrential rains in northern Italy have caused the death of nine and the evacuation of thousands on Wednesday, officials stated. However, about 37 towns were affected by floods and landslides resulting from torrential rains.
"We are facing (...)