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Egyptian remittances from abroad surged by 51.3% in 2024, reaching $29.6 billion, reinforcing their essential role in Egypt’s foreign currency supply and economic stability. The Central Bank’s exchange rate liberalization …
Egyptian Remittances: A Pillar of Economic Stability Read More
In 2024, Egyptian private banks recorded remarkable profits, largely attributed to significant growth in interest income. The Commercial International Bank led with net profits of EGP 55.427 billion, followed by …
Egypt’s Private Banks Report Unprecedented Profits in 2024 Read More
The EU has lifted certain sanctions on Syria, allowing oil to flow from Kurdish regions to Damascus. Kurdish authorities have resumed oil shipments, indicating steps towards national reconciliation amidst ongoing …
Resumption of Oil Exports Marks a New Phase for Syrian Energy Sector Read More
The possible revocation of Chevron’s license to operate in Venezuela by President Trump could exacerbate the country’s economic and social crises. Chevron contributes significantly to Venezuela’s oil output, and losing …
Venezuela Faces Uncertain Future as Chevron’s Oil License at Stake Read More
Light crude oil futures declined on Friday as market volatility increased amid U.S. tariff concerns and Iraq’s decision to resume oil exports. Traders are cautious, with significant resistance levels hindering …
Oil Market Faces Bearish Trends Amid Tariff Concerns and Iraqi Exports Read More
On Thursday, oil prices increased significantly after Trump revoked Chevron’s license to operate in Venezuela, raising concerns over global supply. Brent crude rose 2.1% to $74.04, while US crude climbed …
Oil Prices Surge Amid Geopolitical Tensions and Currency Dynamics Read More
Oil prices rose on Thursday after President Trump’s decision to withdraw Chevron’s Venezuela license, reversing a previous downtrend. Brent crude increased to $72.77 and WTI to $68.80 per barrel. Market …
Oil Prices Rise Following Trump’s Cancellation of Chevron’s Venezuela License Read More
On Tuesday, Oman and Murban crude premiums fell, whereas Dubai’s premium rose slightly. U.S. sanctions on Iran contributed to rising oil prices and supply concerns. Taiwan’s CPC secured six million …
Middle East Crude Market: Oman and Murban Premiums Decline Amid Rising Dubai Prices Read More
Former President Donald Trump’s cancellation of oil licenses for operations in Venezuela threatens to worsen inflation, as it decreases foreign currency availability. This decision poses serious challenges to President Maduro’s …
Trump’s Cancellation of Oil Licenses Heightens Venezuela’s Inflation Challenges Read More
President Trump has announced that 25% tariffs on Canadian and Mexican exports will take effect on March 4, along with a 10% tax on Chinese imports. The oil market is …
Trump Implements Tariffs on Canadian and Mexican Exports Amid Trade Tensions Read More