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Business
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Economy
10/12/2023 5:34:22 PM
The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with warnings Thursday that it has darkened the outlook for an already sluggish global economy.
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Business
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Economy
10/12/2023 5:16:55 PM
Minister of Finance Mohamed Maait said that issuing $500 million Chinese Panda bonds aims to support Egypt's green economy transition through expanding projects of green transportation, renewable energy, sustainable management of water, and sanitation.
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Business
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Economy
10/12/2023 4:57:31 PM
It is necessary and critical for Egypt to adopt a flexible regime for its exchange rate in order to protect its economy from the external shocks that are continuing to emerge, Jihad Azour, the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Ahram Online.
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Business
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Economy
10/11/2023 2:57:44 PM
United States Treasury Secretary Janet Yellen says the war between Israel and Hamas poses “additional concerns” to the American economy, but she still expects inflation can be contained without causing a recession.
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Al-Ahram Weekly
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Opinion
10/10/2023 5:19:36 PM
Should the informal economy in the developing countries be left to its own devices or should it be integrated into the formal economy to reflect its role in the GDP, increase tax revenues and social security coverage, asks Mahmoud Mohieldin
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Business
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Economy
10/7/2023 7:48:41 PM
Egyptian Minister of Finance Mohamed Maait said Moody's latest decision to revise the future outlook for the country’s economy from negative to stable reflects the government's efforts to accelerate structural reforms that encourage investment and empower the private sector.
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Business
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Economy
10/3/2023 4:41:04 PM
The Suez Canal Economy Zone (SCZONE) inaugurated Silicon Valley for Electronic Industries (SVEi), the first factory for wearable mobile accessories in Egypt, the Middle East, and Africa in the Sokhna Industrial Zone on Tuesday, according to a statement by the SCZONE on Tuesday.
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War in Ukraine
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Economy
10/3/2023 2:06:03 PM
Ukraine's central bank said it would allow controlled currency fluctuations starting Tuesday, easing wartime restrictions to boost the economy.
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Business
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Economy
9/30/2023 11:50:25 PM
Egypt's President Abdel-Fattah El-Sisi has invited Egyptian and foreign investors to invest in a list of about 150 projects identified and prioritized by the state.
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Business
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Economy
9/29/2023 12:38:30 PM
Inflation that has been plaguing Europeans made a marked decline in September, strengthening hopes that consumers will eventually get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won’t have to further restrict the economy by raising interest rates from already-record highs.
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World
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International
9/28/2023 9:35:06 PM
The US government has begun to inform workers of an impending shutdown that could see millions of federal employees and military personnel sent home or working without pay, unless Congress reaches a last-ditch deal.
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World
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War in Ukraine
9/27/2023 10:00:39 AM
The European Bank for Reconstruction and Development on Wednesday said it expected Russia's economy to grow in 2023 thanks to rising oil prices, having forecast a contraction earlier this year.
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Al-Ahram Weekly
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Opinion
9/26/2023 8:11:30 PM
In order to fully understand Egypt’s victory in the October 1973 War, it is necessary to examine the defeat in June 1967.
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Business
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Markets & Companies
9/26/2023 4:47:43 PM
Global e-payment giant Visa opened a new office in Egypt to support the country’s digital transformation towards a cashless economy.
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Business
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Economy
9/26/2023 12:46:34 PM
Markets fell further Tuesday as investors grew increasingly fearful about another possible US interest rate hike and the prospect they will be kept elevated for some time to combat persistent inflation.
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Business
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Economy
9/25/2023 10:20:22 AM
Four months after barely avoiding a catastrophic default, the world's largest economy is once again on the verge of a major fiscal crisis.
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Business
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Energy
9/24/2023 1:21:40 PM
Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing the 2030 Sustainable Development Agenda, has underscored the imperative for banks to take a more substantial role in driving the transition to green economies through investments in climate projects.
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Business
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Economy
9/21/2023 2:55:06 PM
Turkey's central bank on Thursday raised its key lending rate to a 20-year high following a sudden turn towards conventional economics by President Recep Tayyip Erdogan.
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Business
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Economy
9/20/2023 7:53:59 PM
The Federal Reserve is set to leave its key interest rate unchanged Wednesday as it seeks to guide the US economy toward a “soft landing" of cooling inflation without triggering a deep recession.
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Al-Ahram Weekly
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Egypt
9/18/2023 9:28:00 AM
Egypt’s main stock index hit its highest ever level twice during the last three weeks, but this does not tell the whole story about the market’s performance.
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