5 Hrs
Source:
المصري اليوم
_1777352142843_145525226.png&w=64&q=75){kind=small}
Amr Adib warns of rising oil prices
Amr Adib discussed the potential repercussions of rising oil prices on Egypt, especially with the barrel price surpassing $104, while the government had based its calculations on a price of $75. He explained that this increase could lead to higher fuel prices in the Egyptian market and raise concerns about possible economic impacts, particularly amid escalating tensions in the region, such as the Houthis' control over the Bab al-Mandeb Strait, which affects shipping traffic through the Suez Canal. He also emphasized that the ongoing global price increases make price forecasts in Egypt more complicated and impact the local market, stressing the importance of closely monitoring the situation.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)