Latest news with #IbrahimShika
See - Sada Elbalad
21 hours ago
- Business
- See - Sada Elbalad
Remittances from Egyptians Abroad Record Historic Leap
Taarek Refaat Remittances from Egyptians working abroad continued their upward trajectory, recording an unprecedented historic leap during the period July/March 2024/25, increasing by 82.7% year-on-year to approximately $26.4 billion (compared to approximately $14.4 billion). The period January/March 2024/25 also witnessed an 86.6% increase year-on-year to approximately $9.4 billion (compared to approximately $5.0 billion). On a monthly basis, remittances in March 2025 increased by 63.7% year-on-year, reaching approximately $3.4 billion (compared to approximately $2.1 billion). 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 Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple 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 News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
See - Sada Elbalad
a day ago
- Business
- See - Sada Elbalad
CBE: Foreign Exchange Reserves Rise to $48.5 Billion
Taarek Refaat The Central Bank of Egypt (CBE) announced that net international reserves rose to $48.526 billion by the end of May, compared to $48.144 billion by the end of April, an increase of $382 million. Earlier today, the bank announced that remittances from Egyptians working abroad recorded an unprecedented historic leap during the period July-March 2024/25, rising by 82.7% year-on-year to approximately $26.4 billion (compared to approximately $14.4 billion). The period January-March 2024/25 also witnessed an 86.6% year-on-year increase, reaching approximately $9.4 billion (compared to approximately $5.0 billion). On a monthly basis, remittances in March 2025 increased by 63.7% year-on-year to approximately $3.4 billion (compared to approximately $2.1 billion). 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 Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple 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 News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
See - Sada Elbalad
4 days ago
- Business
- See - Sada Elbalad
Oil prices rise after OPEC+ agrees to further production increases.
Taarek Refaat Oil prices rose in early trading on Monday after OPEC+ agreed to a new production increase of 411,000 barrels per day in July. Brent crude futures rose more than $1 to $64 a barrel. US crude futures also rose more than $1 to $62.12 a barrel. Latest Oil Prices: WTI Crude $62.46 +2.75% Brent Crude $64.27 +2.37% Murban Crude $63.77 +2.67% Louisiana Light $64.69 +1.70% Bonny Light $78.62 -2.84% Opec Basket $63.78 +0.00% Mars US $72.21 -1.45% Gasoline $2.044 +1.45% Natural Gas $3.525 +2.26% In a move aimed at supporting oil market stability, eight OPEC+ countries announced a gradual increase in production levels starting next July, while affirming their full commitment to previous agreements. Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and the Sultanate of Oman met via video conference today, May 31, 2025, to review the global oil market situation and future prospects. The eight countries indicated that the decision was based on strong market fundamentals, low global oil inventories, and the continued positive outlook for the global economy. 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 Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple 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 News Shell Unveils Cost-Cutting, LNG Growth Plan
Al Bawaba
13-04-2025
- Entertainment
- Al Bawaba
Egyptian footballer Ibrahim Shika dies after battling cancer
ALBAWABA - Former Egyptian football player for Zamalek, Ibrahim Shika, tragically passed away on Saturday after battling cancer. Shika's death was announced by his sister Batool on Instagram. The football player first sparked concern after posting a series of images on Instagram looking thin and tired next to his loved ones. In one of the posts, he thanked his wife, whom he calls "my pillar in life," for staying by his side despite all the odds. On Shika's journey to recovery, several Egyptian celebrities visited him to show support, including Mohamed Ramadan and Tamer Hosny. Ibrahim Shika's perseverance was evident on his 34,000-follower Instagram account, where he shared his therapy journey with fans by posting pictures of himself alongside his loving wife and family. His persistence in improving before passing away touched the hearts of many people on social media. Upon his passing, many fans took to Shika's official account and swarmed the comment sections with condolences. An Instagram user wrote, "Rest in peace, Ibrahim." Another added, "May your beautiful soul rest in peace and may God give patience to your family."
