Oil slides toward $88, LNG exports hit six-month low as Trump cites productive Iran talks
Oil prices fell toward $88 per barrel and global liquefied natural gas exports sank to a six-month low on Monday after US President Donald Trump said Washington was engaged in…
Gold slides toward $4,100 as dollar strengthens amid Iran war fears, rate-rise bets
Gold slid as much as 8.8% to around $4,100 per ounce on Monday, erasing all of its gains for the year and extending its losing streak to a ninth consecutive…
Egypt offers exceptional customs facilitations for returned export shipments: Kouchouk
Egypt has introduced exceptional customs facilitations to streamline the return of export shipments that fail to reach their final destinations, Finance Minister Ahmed Kouchouk said on Monday. Kouchouk explained that…
Egypt recovers EGP 1.2bn in state assets, boosts treasury revenues by EGP 1.4bn: Finance Minister
Egypt has recovered state assets valued at EGP 1.2bn and generated an additional EGP 1.4bn in treasury revenues, Finance Minister Ahmed Kouchouk said on Monday, citing efforts led by the…
Saudi Arabia Activates Strategic Pipeline to Bypass Hormuz Disruption Amid Escalating Crisis
As tensions escalate across the Middle East and the Strait of Hormuz faces effective closure following US and Israeli strikes on Iran, Saudi Arabia has activated a long-standing contingency plan…
Egypt to Settle $1.3bn in Oil Arrears by June to Boost Energy Investment
Egypt’s Ministry of Petroleum and Mineral Resources announced on Saturday that it will settle $1.3bn in outstanding dues owed to international oil companies by June 2026, accelerating its previously announced…
Egypt’s Sisi condemns ‘hostile’ Iranian attacks during Saudi and Bahrain visits
Egyptian President Abdel Fattah Al-Sisi on Saturday condemned "hostile" Iranian attacks on Gulf Cooperation Council (GCC) member states during talks in Jeddah with Saudi Crown Prince Mohammed bin Salman. The…
Egypt Unveils Major Real Estate Tax Relief Measures
Egypt’s Minister of Finance, Ahmed Kouchouk, has announced a package of unprecedented incentives and facilitative measures aimed at easing the burden of real estate taxes on citizens, as part of…
IMF Says Iran War Impact on Egypt Remains Contained Amid Policy Response
The International Monetary Fund (IMF) said the economic impact of the ongoing Iran conflict on Egypt has so far remained “relatively limited,” citing early and coordinated policy measures by Egyptian…
Saudi Foreign Minister: Iran’s Calculations Are “Dangerous” and Will Not Succeed
Saudi Arabia’s Foreign Minister, Prince Faisal bin Farhan, has delivered a firm warning to Iran, stating that its assumptions regarding Gulf states are “wrong and dangerous,” amid rising regional tensions…