commodities

Commodities slump to 16-year low led by oil slide
Business

Commodities slump to 16-year low led by oil slide

Oil futures led a dramatic fall in commodity prices on Monday, with US crude trading below $40 a barrel as…
Another civilian dead as army gives out Ramadan charity
Egypt

Another civilian dead as army gives out Ramadan charity

A 61-year-old woman died on Sunday in a stampede over food allotments customarily given out by the military to needy…
Government says exported commodities down by 3% in July
Business

Government says exported commodities down by 3% in July

Egyptian exported commodities dropped by percent in July, a government report said Saturday. The report by the Ministry of Trade and…
Importers say local reserves of staple commodities “safe”
Business

Importers say local reserves of staple commodities “safe”

Commodity importers have assured that Egypt’s local reserves of staple commodities are largely safe, noting that global and local prices…
Govt: Wheat reserve enough for 81 days
Egypt

Govt: Wheat reserve enough for 81 days

Egyptian wheat reserves amount to 2 million tons, an amount that can meet demand for 81 days, according to a…
Diesel supplies raised to face crisis, says supply ministry spokesperson
Business

Diesel supplies raised to face crisis, says supply ministry spokesperson

The Supply and Petroleum Ministries have agreed to raise the daily amount of diesel delivered to the market from 32,000…
Govt report: April records LE17.5 bn trade balance deficit
Egypt

Govt report: April records LE17.5 bn trade balance deficit

Egypt’s trade balance deficit jumped by 79.6 percent from LE9.7 billion in April 2011 to LE17.5 billion this April, according…
Ramadan consumer frenzy curtailed by anxious retailers and unsure consumers
Business

Ramadan consumer frenzy curtailed by anxious retailers and unsure consumers

  Soheir Salem, a housewife and mother of four, walked out to the markets last Friday looking to buy her…
Abouelnaga: FJP stalled IMF loan, Cabinet behind economic recovery
Business

Abouelnaga: FJP stalled IMF loan, Cabinet behind economic recovery

Minister of Planning and International Cooperation Fayza Abouelnaga said on Monday that "the dissolved Parliament’s attitude was behind the failure…
Egypt inflation rises to 9.1 percent in November
Business

Egypt inflation rises to 9.1 percent in November

Egypt’s inflation accelerated on rising food prices in November to reach an annual rate of 9.1 from 7.1 percent in…
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