Economic

At a time when geopolitical tensions in Eastern Europe and the Middle East have heightened concerns about oil supply prospects, oil prices have jumped, while OPEC and its allies have continued their efforts to increase their production.

Edit: Ahmed Al-Kumi

Dr. Ahmed Abu Gheit, Secretary-General of the League of Arab States, was received today by Dr. Roula Dashti, Executive Secretary of the Economic Commission for Western Asia (ESCWA), at the headquarters of the Secretariat.

Due to fears of potential supply disruptions and underinvestment, as well as concerns that crude demand is affected by the Omicron virus, oil prices today have risen to their highest levels in more than 7 years.

During the press conference to announce the "Nabio" 2022 Gold and Jewelry Exhibition and Conference, Egypt's Minister of Supply and Internal Trade, Ali Al - Misilhi, stressed that "the consultants who set up the city are at the final stage, in accordance with President Abdel Fattah Al - Sisi's directives that the city be at the highest level."

In the vicinity of Moses and St. Catherine on the Sinai Peninsula, the President of Egypt, Abdel Fattah el-Sisi, was briefed on the operational position of the project "The Greatest Demonstration over the Land of Peace."

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