Wednesday, March 4

Money

At 0724 GMT, the rouble was 0.2% weaker against the dollar at 92.39, its lowest level since Jan. 4, bar two sessions, on Jan. 16 and Feb. 9, which saw sudden, sharp spikes that traders attributed to an algorithmic trading error by a major player.

The prices have been set at EGP 10,000 for a medium-staple quintal in Upper Egypt and EGP 12,000 for a long-staple quintal in Lower EgyptThe Egyptian cabinet has agreed to set a guaranteed price for the supply of cotton in the next season 2024/2025, as per a statement.

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