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Category: Business 9423

Petroleum Ministry: Discussions to Develop and Expand Zohr Gas Field
Business
  • 1 mins read

Petroleum Ministry: Discussions to Develop and Expand Zohr Gas Field

The Minister of Petroleum confirmed ongoing production improvement at Zohr field, with Zohr-6 well adding about 65 million cubic feet of gas daily and plans to drill new wells to boost output and secure local gas supply.

Head of Gold Division Reveals Precious Metal Price Trend - Youm7
Business
  • 1 mins read

Head of Gold Division Reveals Precious Metal Price Trend - Youm7

Gold prices in Egypt stabilized on Tuesday morning, August 26, 2025, after limited declines yesterday evening with a global drop in the ounce price. The 21-carat gold was priced at 4,565 EGP per gram, and the gold pound at 36,520 EGP. Globally, gold trades near $3,350 per ounce as markets await the US Federal Reserve's September interest rate decision.

"Technical Operations" Accompany School Rehabilitation Ahead of the New School Year in Morocco
Business
  • 1 mins read

"Technical Operations" Accompany School Rehabilitation Ahead of the New School Year in Morocco

Regional directorates of Morocco's Ministry of National Education are completing partial or full rehabilitation of several schools before the 2025-2026 academic year, closely monitoring construction and equipment upgrades.

South Korean Airline 'Korean Air' Plans to Purchase Over 100 Boeing Aircraft
Business
  • 1 mins read

South Korean Airline 'Korean Air' Plans to Purchase Over 100 Boeing Aircraft

South Korean airline Korean Air plans to buy 103 next-generation Boeing aircraft in a $50 billion deal including spare engines, with deliveries expected by end of 2030.

Nikkei Hits Two-Week Low as Yen Rises
Business
  • 1 mins read

Nikkei Hits Two-Week Low as Yen Rises

The Japanese Nikkei index dropped to a two-week low as the yen rose following the dismissal of Lisa Cook from the US Federal Reserve Board.

Gold Hits Two-Week High After Lisa Cook's Dismissal
Business
  • 1 mins read

Gold Hits Two-Week High After Lisa Cook's Dismissal

Gold prices rose to a two-week high as the dollar declined following the dismissal of Lisa Cook from the U.S. Federal Reserve Board.

Dollar Falls After Lisa Cook's Dismissal from the US Federal Reserve
Business
  • 1 mins read

Dollar Falls After Lisa Cook's Dismissal from the US Federal Reserve

The dollar index dropped 0.3% to 98.187 after US President Donald Trump announced the dismissal of Federal Reserve member Lisa Cook, raising concerns about central bank independence and interest rate cut expectations.

Oil Prices Decline Amid Supply Concerns
Business
  • 1 mins read

Oil Prices Decline Amid Supply Concerns

Oil prices declined on Tuesday after rising nearly two percent the previous session, amid close monitoring of the Russia-Ukraine conflict and its potential impact on regional fuel supplies.

Dubai Residency and Dubai Finance Sign MoU to Support 'Dubai Cashless' Initiatives and Accelerators
Business
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Dubai Residency and Dubai Finance Sign MoU to Support 'Dubai Cashless' Initiatives and Accelerators

The General Directorate of Residency and Foreigners Affairs - Dubai and Dubai Finance signed a memorandum of understanding to support digital payment initiatives and facilitate secure financial transactions, in line with the 'Dubai Cashless' strategy aiming to raise digital transactions to 90% by 2026.

Egypt Opens New Horizons for Exporting Strawberry Seedlings: Agriculture Minister Directs to Make Egypt a Regional Hub for Production and Export of Various Crop Seedlings, Highlighting Competitive Advantages from Free Trade Agreements - Youm7
Business
  • 1 mins read

Egypt Opens New Horizons for Exporting Strawberry Seedlings: Agriculture Minister Directs to Make Egypt a Regional Hub for Production and Export of Various Crop Seedlings, Highlighting Competitive Advantages from Free Trade Agreements - Youm7

The Egyptian Ministry of Agriculture announced success in opening the Peruvian market to Egyptian strawberry seedling exports after intensive negotiations to meet health and technical requirements, marking a step to enhance Egypt's position as a regional hub for crop seedling exports.