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ECHEM gets new chairman
Ibrahim Mahgoub was appointed chairman of the Egyptian Petrochemicals Holding Company (ECHEM) effective 13 December, the Oil Ministry said yesterday.…
Our gold industry has promising export potential — but needs some regulatory overhaul + more vocational training
Trouble in the gold market: Local gold prices surged to record highs last week, with 21 carat gold reaching EGP…
Putin threatens to cut oil production in response to G7 price cap
Russia could respond to price cap by cutting production -Putin: Moscow will not sell oil to countries that impose the…
Egypt buys more Russian wheat
COMMODITIES- State grains buyer GASC purchased 260k tons of Russian wheat directly from buyers at USD 354 per ton on…
Oil is close to wiping out all of its 2022 gains
Oil tumbled to its lowest level since January yesterday on concerns that the Federal Reserve will continue to aggressively raise…
Morocco’s World Cup win + the IMF get attention on the talk shows
It was a mixed bag on talk shows yesterday, with many of the talking heads cheering Morocco’s Lions historic World…
Day one of the Russia oil price cap
The West’s price cap on Russian crude is now in effect — and a backlog of tankers is forming off…
High food prices could be the new normal
MBS eyes Credit Suisse: Credit Suisse’s new investment bank has garnered interest from Saudi Arabia’s Crown Prince Mohamed bin Salman,…
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