Business

Oil prices rise amid sharp drop in US crude inventories

Oil prices rose on Thursday for the third consecutive session after government data showed a sharp decline in US crude inventories, recovering prices from multi-month lows touched this week.

Brent crude futures rose 23 cents, or 0.3 %, to $78.56 a b…

PM witnesses inking of MoU on oil coop. between Egypt, UAE

Egyptian Prime Minister Moustafa Madbouli has witnessed the signing of a memorandum of understanding (MoU) between Egypt and the UAE to cement bilateral petroleum co-operation.

The signing ceremony was held Thursday 8/8/2024 at the government headqua…

Egypt, UAE forge path to $3B Mediterranean logistics trading zone

Egypt and the UAE joined a strategic partnership, by signing a memorandum of understanding (MoU). This landmark agreement sets the stage for the establishment of a cutting-edge logistics trading zone in the Mediterranean region, with investments proje…