Business Economics

Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge.

Concern over China’s economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment’s peace.

The dollar took a breather on Thursday following its recent strong gains against key rivals, while sterling steadied after British Prime Minister Theresa May’s government won a no-confidence vote in parliament.

The T-bills will be offered in two installments; the first installment is valued at LE 8.7 billion with a 182-day term.

“Our expectations for rebalancing suggest that eight companies from the EGX30 may be de-listed due to non-meeting of the trading value criteria,” Beltone stated.

Euro zone bond yields edged lower on Thursday after rising the day before, as markets continued to assess the outlook for the UK, and the U.S. shutdown failed to provide much direction to markets.

The meetings will discuss the promising investment sectors in Egypt and obstacles facing Kuwaiti investors along with the investment map that was announced by the Egyptian government.

The funds will be used for implementing the project of an electric train linking the areas of Al Salam and 10th of Ramadan with the New Administrative Capital.