Latest news with #MCAlgerChampionship
See - Sada Elbalad
13 hours ago
- Entertainment
- See - Sada Elbalad
Turkey's Amb. to Cairo Meets Rixos Turkish Employees in Egypt's North Coast
Rana Atef On Friday, the Turkish Ambassador to Cairo Salih Mutlu Şen held a meeting with Turkish citizens employed by the Rixos Hotel Group along Egypt's North Coast. The gathering, which took place in the city of El Alamein, provided a platform for the Ambassador to engage with the Turkish expatriate community working in the hospitality sector. During the meeting, Ambassador Şen shared a heartfelt photo with the group of citizens, showing the strong bond between the embassy and the Turkish workers in Egypt. The image captured the positive spirit of the group and reflected the goodwill fostered between both countries. He posted on X, "Each citizen, a master in their field, expressed satisfaction with living in Alameyn while earning a living for their families far from their homeland." In addition, he revealed that he will meet them again in Cairo or Alexandria during the summer holidays. read more 15 Ludicrous Cosplay Costumes That Will Blow You Away Watch... Dorra's natural beauty will blow your mind in latest photo session Exercising For As Little As 150 Minutes A Week Will Make You Happier، Study Claims ARIES: Your Horoscope for April 7 FDA Now Considers Vaping A Rising Epidemic In High School Lifestyle How to make Dried salted fish (feseekh) -By Chef El-Sherbini Lifestyle Batarekh Dip & Sardine Dip Lifestyle Best of Easter cookie and cakes Lifestyle ARIES friendship News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
See - Sada Elbalad
a day ago
- Business
- See - Sada Elbalad
Natural Gas Prices Sink to One-month Low amid Strong Inventory Gains
Taarek Refaat U.S. natural gas futures tumbled on Thursday, slipping over 6% to their lowest levels since mid-May, as stronger-than-expected storage injections and growing output offset even record-setting heat across the Northeast. Storage Data Surprises to the Downside On its final day of trading, July natural gas futures fell by 6.1%, settling at $3.199 per mmBtu—marking the lowest close since May 19 and extending the losing streak to five consecutive sessions, the longest since August 2024. August contracts, soon to become the new front-month, also dropped by around 4% to $3.43 per mmBtu. The latest natural gas price recorded a drop of -4.26% to $3.261. The sharp pullback followed the latest EIA storage report, which showed a 96 billion cubic feet (bcf) build for the week ending June 20—outpacing analyst estimates of 88 bcf, and far exceeding both last year's 59 bcf build and the five-year average of 79 bcf. 'Supply is consistently outpacing demand, and traders are responding accordingly,' said Sarah Linton of CapitalEdge Analytics. Heat Fails to Lift Prices as Production Climbs Even with record heat waves pushing temperatures to 100°F (37.8°C) in cities like New York, Boston, and Philadelphia, and electricity demand surging due to increased air conditioning use, the price support typically seen during such weather events has faltered. Analysts attribute this to robust production levels, which are helping replenish gas inventories faster than usual. 'We're seeing solid power demand, but output is simply too high,' said Tom Baker, a commodities expert at RigWatch. 'Storage continues to build, which keeps a lid on prices.' Analysts Say Summer Highs May Be Behind Us Natural gas prices have now retreated by 23% since peaking at $4.15/mmBtu on June 20, suggesting the market may have already passed its seasonal high. 'Unless the U.S. faces an extended, nationwide heatwave, it's likely that June 20 marked the high point for the summer,' Linton added. With August and July futures continuing to trade at a discount to recent levels, the market appears braced for a muted second half of summer, despite ongoing heat and demand for cooling. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
See - Sada Elbalad
a day ago
- Business
- See - Sada Elbalad
Elon Musk Contacts Lebanese President, Expresses Interest in Telecom and Internet Investment
Taarek Refaat Lebanese President General Joseph Aoun received a phone call from Elon Musk, CEO of SpaceX, during which Musk expressed strong interest in Lebanon's telecommunications and internet sectors. According to an official statement from the Lebanese Presidency, Musk also conveyed a desire for his companies to have a presence in Lebanon—an initiative President Aoun welcomed, affirming the government's readiness to offer all possible facilitations within the framework of Lebanese laws and regulations. At the conclusion of the call, President Aoun extended an invitation to Musk to visit Beirut, which the billionaire entrepreneur graciously accepted in principle, promising to make the trip at the first suitable opportunity. The conversation comes at a time when Lebanon is actively seeking ways to emerge from its prolonged economic crisis. With the recent lifting of sanctions on Syria, new regional economic corridors are expected to open, particularly around reconstruction and infrastructure development—offering Lebanon potential roles and benefits, especially in sectors like energy, logistics, and technology. Musk's outreach, if followed by concrete action, could signal a new chapter in Lebanon's efforts to attract high-profile international investors. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
See - Sada Elbalad
2 days ago
- Business
- See - Sada Elbalad
Counterfeit Imported Gold Bars Seized in Egyptian Markets
Waleed Farouk In a striking incident that highlights the risks of trading in unverified precious metals, Egyptian security authorities—working in coordination with several local gold traders—have apprehended an individual in possession of counterfeit imported gold bars that he attempted to pass off as genuine within the local market. The incident took place when the suspect approached a gold jewelry shop in Nasr City, Cairo, offering a batch of gold bars that appeared, at first glance, to meet standard specifications in both weight and appearance. The man claimed the bars had been imported from abroad. However, during a routine technical examination using precision measurement and calibration tools, the dealer discovered that the bars were in fact made of copper, coated with a thin layer of gold to mimic the look of solid gold. Upon confirming the fraud, the dealer immediately alerted the authorities, who arrived at the scene promptly. A formal police report was filed, and the suspect was taken to the police station for questioning and legal proceedings. Commenting on the matter, Abdel Aal Salima, Deputy Head of the Gold Division at the Kafr El-Sheikh Chamber of Commerce, told "Eyar 24" that buyers and traders must exercise extreme caution when dealing with unverified sources, especially amid a rise in fraud cases driven by soaring gold prices both globally and locally. He further called for stricter customs and technical oversight on imported precious metals—particularly gold bars—to ensure compliance with standards set by Egypt's Assay and Weights Authority. A security source confirmed that investigations are ongoing, with efforts underway to identify other members of a potential network behind the smuggling of these fake bars into the market. Preliminary findings suggest a coordinated attempt to flood the Egyptian gold market with substandard products, aiming to exploit the growing demand for gold as a safe investment haven. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
See - Sada Elbalad
2 days ago
- Business
- See - Sada Elbalad
Abou El Enein: Cleopatra Group Transformed Desert into Industrial Hub
Taarek Refaat Mohamed Abou El Enein, Deputy Speaker of Egypt's House of Representatives and Chairman of Cleopatra Group highlighted the group's pioneering journey in transforming the Egyptian desert into a hub of industrial development, during a speech at the Sixth Qingdao Multinationals Summit in China. His remarks were featured in a televised segment aired by Ahmed Moussa on his program on Egypt's Sada El-Balad channel. 'In the heart of the desert, we began building the first industrial city specializing in construction materials,' Abou El Enein said. 'We have a story of transforming the desert, not just with buildings, but with vision, resilience, and Egyptian innovation.' Founded over 45 years ago, Cleopatra Group has grown into one of the largest private industrial and investment entities in Egypt and the Middle East, with core operations in ceramics, porcelain, building materials; an export-driven manufacturing. Abou El Enein emphasized that Cleopatra Group's success serves as a case study in localized industrialization, noting that it became the first Egyptian company to lead the ceramics and construction materials sector. 'What started as an idea in the middle of the desert is now a thriving industrial empire contributing to Egypt's economy and exports,' he said. Mohamed Abou El Enein, Deputy Speaker of Egypt's House during a speech at the Sixth Qingdao Multinationals Summit in China read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
