October 2, 2026

Trading

Dollar Rises as Traders Seek Clues on US Rate Cuts

The dollar held near its lowest in more than a year against a basket of peers on Wednesday, with sterling trading just off multi-year highs, as markets focused on clues to the size of a widely expected US interest rate cut in September.

The Australi…

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Significant oil discovery announced in Egypt

CAIRO: Khalda Petroleum Company, operating in the Kalabsha Development Area of the Egyptian Western Desert, announced a new oil discovery in the West Fewebs-1 area.

The well was tested by drilling 270 feet into the Paleozoic sands, and the recovery o…

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