Recession hits gold market in Ramadan
Increase in companies’ demand indicates recovery after the season, says Rezk
CBE allocates EGP 50bn for mortgage finance for middle-income people
A mini committee was formed including representatives of the CBE, banks operating in the Egyptian market, and real estate developers to discuss mechanism of the rules of facilitating mortgage finance.
Government plans to offer treasury T-Bonds, T-Bills worth EGP 146.5bn in June
Finance Ministry borrowed about EGP 184bn in T-Bills, T-bonds in April, about EGP 148bn in May
Delek Drilling aims to start gas sale to Egypt by end-June
Delek Drilling and Noble Energy, the operators of Israel’s largest natural gas fields Tamar and Leviathan, signed with the Egyptian company Dolphinus Holdings two 10-year agreements, worth $15bn, in February…
Sudan protest leaders accused Military Council of trying to disperse their sit-in
One person killed; 10 others wounded according to media reports
Israel uses rubber bullets against Palestinians at Al-Aqsa Mosque
Palestinians got angry when forces allowed Jews to enter the site
Hurghada starts banning single plastic bags use
Large number of alternative bags distributed to citizens in order to use instead, explaining effect of plastic waste on sea life creatures
Saudi Arabia celebrates Eid al-Fitr with 13 Arab artists
Kingdom to hold seven concerts in the first two days of Eid
Iran warns against any Gulf clashes, threatens oil would surpass $100 per barrel
Yahya Rahim Safavi who served before as the chief commander of the Islamic Revolutionary Guard Corps threatened that crude oil prices will exceed the $100 per barrel mark if any…
Israel strikes Syrian targets after rockets fired at Golan Heights
Three Syrian soldiers killed in airstrikes near Damascus