Dollar Hits 702 penny ..The UAE dirham 1.9 pounds

U.S. dollar steadied in front of the Egyptian pound, on Saturday, with an average exchange rate of the U.S. dollar against the Egyptian pound, 6.987 pounds for buying and 7.0194 pounds for sale, and the European euro 9.2886 pounds for buying and 9.3323 for sale.

And record Sterling 10.7929 pounds for buying and 10.8449 pounds for sale, and record Swiss Franc 7.5421 pounds for buying and 7.5787 pounds for sale, and reached the Japanese yen, "100 yen" 7.1831 pounds for buying and 7.2171 pounds for sale, and the price of the yuan's exchange Chinese 1.1418 pounds to buy and 1. 1471 pounds for sale.

At the level of currency exchange rates Arab against the pound, the exchange rate of Saudi Riyal 1.863 pounds for buying and 1.8717 pounds, scored the Kuwaiti dinar 24.503 pounds for buying and 24.7031 pounds for sale, and record the UAE dirham 1.9022 pounds for buying and 1.9111 pounds for sale.

OPEC production falls and Competitors reinforce supplies

OPEC said on Friday that falling oil production because of the unrest in Libya and Iraq, while plugging the growing production from non-member states of the SCO shortage in supplies.

The Organization of the Petroleum Exporting Countries (OPEC) in its monthly report that production in July fell 100 thousand barrels per day to 30.31 million barrels a day, according to secondary sources.

She said that the non-member producers in OPEC boosted production by 170 thousand barrels per day.

The report said the expected drop in demand for OPEC crude next year by 265 thousand barrels per day to 29.65 million barrels per day, while expected to increase non-OPEC supply to 55 million barrels per day.

OPEC expects oil production to grow from non-member states of the SCO 1.15 million barrels per day in 2014.

The report said that is expected to reach total global demand for oil 90.75 million barrels per day in 2014, an increase of 1.04 million barrels per day on an annual basis.

U.S. Department of Justice suspected of committing Apple monopolistic practices

Asked the U.S. Department of Justice to appoint a committee to monitor U.S. Apple stores on suspicion of its monopolistic practices, and in the context of addressing the conflict between the ministry and Apple about to control the prices of digital books.

Said Bill Bear Assistant Attorney General for Antitrust sector in the U.S. Department of Justice said in a statement on Friday, the court found that the illegal practices of Apple deprived consumers to take advantage of price competition in the market for digital books and forcing them to pay significantly higher prices.

According to the proposed order from the ministry, it will stop the illegal practice to Apple while will be denied Apple's senior officials from participating in wrapping operations to compete in the future.

It also includes the proposal is backed by attorneys general in 33 U.S. states cancel conventions held by Apple with 5 major publishing houses in the United States.

The statement said it will also "deprive Apple of entering into negotiations with suppliers of digital books and musical recordings, films, TV shows and other content producers, which could lead to increased prices, which sells Apple's competitors such content."

The proposal came after a ruling last July condemning the Apple of conspiring with major publishing houses in the United States to raise the prices of digital books illegally

202 million pounds total foreign sales during the week

Government amounted Egyptian investors 76.7% of the total market turnover, while foreign investors accounted for 17.12%, a net sale of 202.29 million pounds, and Arab investors accounted for 6.17% of the total market transactions, net sales amounted to 8.34 million pounds.

And institutions accounted for 36.82% of the total transactions, net sale of 66.57 million pounds, while the percentage of transactions individual investors about 63.18% of the total transactions.

World Gold retreats but is about to record its biggest weekly rise in two years

Decline in the price of gold the world on Friday, with the recovery of the dollar and because of the sale of profit-taking after rising lasted four days, but the precious metal is about to record the largest increase weekly in nearly two years, thanks to receding fears of withdrawal of monetary stimulus the U.S., which boosted the attractiveness of gold as a hedge against inflation.

And the loss of gold about a quarter of its value this year due to fears of a possible reduction of the Federal Reserve (Fed) to buy bonds soon, confirmed Ben Bernanke Bank President these concerns in June when he said that the bank may begin to withdraw stimulus later this year.

But Bernanke said last Wednesday that the bank may continue to buy bonds for a longer period, the minutes of the meeting showed the bank for the month of June that officials are divided on the timing of the withdrawal of stimulus.

The decline in gold on the spot market 0.6% to 1276.71 dollars an ounce, rising yellow metal about 5% this week and is about to record the largest increase weekly since October 2011 rose 6.2%, and fell decades American futures for gold $ 4.40 to 1275.50 dollars an ounce.

In the spot market, silver fell 1.4% to $ 19.81 an ounce, platinum 0.2% to $ 1401.99 an ounce, while palladium rose 0.1 percent to $ 717.22 an ounce.

"Italy's Eni:" Egypt is no longer made ​​our share of the gas station Damietta

Said an executive at Italian oil company Eni oil and gas, on Thursday, "Egypt is no longer issued ENI's share of Damietta station for liquefied natural gas."

Marco said Elvira, the head of the treatment, storage and transport to the ENI, during the conference "Egypt is no longer issued share of gas from the Damietta plant."

The Italian government source said that Egypt produces very small amounts of gas for domestic consumption.

He continued, "Egypt does not pay dues Italian companies, such as Eni and Enel, because you do not have the money," Eni operates in Egypt 55 years ago in the exploration and production.

Britain withdraw its 2,000 troops from Afghanistan by the end of this year

Said British Defense Secretary Philip Hammond said his country will reduce the number of troops operating in Afghanistan by about 2,000 troops in the coming months as part of the troop cuts and now taking place from NATO countries.

He said in a speech to the British parliament Wednesday: "As Prime Minister David Cameron in December last year, the British force will reach 5,200 troops by the end of this year, compared to the current level of up to 900.7 troops."

The death toll of British troops in Afghanistan has risen to up to 444 troops so far.

U.S. oil rise to the highest level in 14 months, after falling stocks

Prices jumped oil futures on both sides of the Atlantic on Wednesday, U.S. crude jumped to the highest level in 14 months near $ 105 a barrel after a larger-than-expected drop in U.S. inventories of crude.

But the gains have been limited because of concerns about the slowdown in the Chinese economy which was confirmed by the gloomy trade data for the month of June, and the price of U.S. light, sweet crude futures for August delivery 93 cents to $ 104.46 a barrel after hitting the highest level in 14 months at $ 104.79.

And Brent crude rose eight cents to 107.89 dollars a barrel, down from $ 108.12 after data fueled fears of Chinese demand in the second largest consumer of crude in the world.

Said Tony Nunan, risk manager at Mitsubishi Corp. "spotlight on China for a while, but it seems that the United States is now the main engine on both sides of the ups and downs."

And shrinking the difference between the U.S. and Brent crude 85 cents to 3.43 dollars thanks to gains after a decline in U.S. crude inventories.

The Petroleum Institute report showed that U.S. crude inventories fell about nine million barrels last week, compared with analysts' expectations of a drop of 3.3 million barrels. It is scheduled to Energy Information Administration issued its report on stocks later in the day.

Kuwait offers aid package to Egypt worth $ 4 billion

She said the Kuwaiti news agency KUNA said Wednesday that oil-rich Kuwait has decided to provide emergency aid to Egypt worth four billion dollars.

This assistance includes a deposit of two billion dollars for the Central Bank of Egypt and other billion dollars of non-refundable grant in addition to oil and oil products worth one billion dollars as a grant.

The agency quoted via telephone serviced by the Minister of State for Cabinet Affairs Sheikh Mohammad Abdullah Al-Sabah as saying that the Kuwaiti Council of Ministers adopted a resolution this aid, "implementation of the directives of His Highness Prince."

Federation of Chambers of addressing the 42 African countries to discuss the suspension of Egypt's membership in the union

The Ahmed agent Chairman Federation of Chambers of Egyptian and head of the Federation of 
Chambers of African Trade and Industry, Agriculture and Professions, hosted by Egypt, to address the heads of associations and chambers of commerce in 42 African countries, to connect to their governments to clarify the truth of what happened in Egypt, and so, in a move practical Following the suspension of the Council for Peace and Security Council of the Federation African to Egypt's membership in the European Union, which includes 54 countries, in protest at the recent political events, as they called the "power grab is unconstitutional."

He said the agent, said in a statement today, it is currently being address the heads of associations and chambers of commerce in the Islamic countries in the 57 member states of the Islamic Chamber, which is acting chair, as well as heads of unions and chambers of commerce, five hundred in 23 countries overlooking the Mediterranean members of the Federation of Chambers of Mediterranean Alaskamy, which also acting presidency, in addition to heads of unions rooms in the rest of the world that we are bound by bilateral agreements and the strong historical ties.

He stressed that what happened is a natural product of the accumulation of political, and the deterioration of the economic situation and the service, which touched all the masses of the people, pointing out that it can not ignore the voice and the presence of tens of millions of Egyptians in streets and squares across Egypt, and that he should listen to this voice, understanding and respect, and that in the end .. People is the source of all legitimacy. "

He explained that the role of the military in this regard is the support of the people, the army did not pay off a coup, did not impose its own agenda on the people, against their will, but supported the will of the people, which succeeded the armed forces as usual, and the reign of the people in the protection of the path of the revolution flowing and released card Egypt's youth, which invites us all to pay attention and pay attention to the road to ultimate hopes and aspirations of the great Egyptian people, namely, the dignity of the citizen to achieve a standard of living worthy of it, make it himself, nor Istjdi of home or abroad.