Business
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Economy
5/10/2023 9:43:40 AM
Egypt's annual headline inflation dropped to 31.5 percent in April, down from 33.9 percent in March, recording the first monthly deceleration in 10 months, but a leap from 14.9 percent in April 2022, reported the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Wednesday.
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Business
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Economy
5/9/2023 11:48:50 PM
A top Federal Reserve official left the door open Tuesday on a further interest rate hike to combat inflation, although stressing that the US central bank's future decisions must be data dependent.
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Al-Ahram Weekly
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Egypt
5/9/2023 8:20:35 PM
Diesel prices rose for the first time in a year, naturally followed by an increase in the cost of transportation and commodities, reports Ahmed Kotb
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Business
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Markets & Companies
5/9/2023 12:25:16 PM
Markets struggled Tuesday as investors eyed the release of US inflation data later in the week, while mixed Chinese trade data suggested that recovery in the world's number two economy was still taking time.
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Business
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Markets & Companies
5/4/2023 3:53:58 PM
European stock markets slid Thursday after the Federal Reserve again hiked US interest rates to fight elevated inflation while hinting the next move could be a pause.
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Business
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Economy
5/3/2023 5:44:43 PM
Egypt will hold an international press conference soon to announce some important updates on its economic situation and answer the most relevant questions on different issues, Prime Minister Mostafa Madbouly announced in a cabinet statement on Wednesday.
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Business
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Economy
5/3/2023 10:34:30 AM
Egypt’s total governmental gross debt is expected to rise to 92.9 percent of GDP in 2023, up from 88.5 percent in 2022, before cooling to 87 percent in 2024, the highest among the emerging market and middle income countries, the International Monetary Fund (IMF) said on Wednesday.
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Al-Ahram Weekly
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Opinion
5/2/2023 9:33:36 PM
Gamal Wagdy suggests restructuring the existing range of banknotes in circulation in Egypt or redenominating them as a way of combating inflation
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Business
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Economy
5/1/2023 5:29:03 PM
The insurance sector in Egypt – one of the oldest of its kind in the Middle East and North Africa – has, like all sectors in the country’s economy, been suffering a number of challenges.
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Business
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Economy
4/30/2023 2:02:15 PM
Fitch Solutions has raised its forecast for Egypt’s inflation in 2023 to 32.3 percent, up from an average of 25.9 percent that it expected a month ago.
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Business
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Economy
4/26/2023 5:08:05 PM
Central banks in the Middle East and Central Asia (MECA) region, including Egypt, may need to adopt tighter monetary policies in order to tackle surging inflation, according to the second chapter of the IMF Regional Economic Outlook May 2023 Report.
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Al-Ahram Weekly
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Opinion
4/25/2023 8:07:47 PM
The US Inflation Reduction Act has major implications not only for the United States but also for the rest of the world, writes David Dumke
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Business
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Economy
4/25/2023 10:16:44 AM
The European Central Bank's chief economist on Tuesday said it was 'not the right time' to end interest rate hikes, despite easing inflation in the eurozone.
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Business
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Economy
4/23/2023 8:43:27 PM
President Abdel-Fattah El-Sisi has ordered an almost 50 percent increase in appropriations for various subsidy and social protection programs in the budget for FY2023/2024 in order "to ease the burden on citizens during the global inflation wave."
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World
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Region
4/21/2023 1:32:58 PM
Rail traffic came to an almost complete standstill in Germany on Friday as workers across the country went on strike to demand higher wages to help offset inflation.
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Business
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Economy
4/19/2023 11:24:51 AM
UK inflation slowed last month but held above 10 percent on soaring food prices, official data showed Wednesday, further fuelling a cost-of-living crisis despite a series of aggressive interest-rate hikes.
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Al-Ahram Weekly
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Egypt
4/19/2023 12:16:00 AM
Are the new high-yield certificates of deposit sufficient for people to preserve the value of their savings against a background of high inflation, asks Safeya Mounir
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Business
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Markets & Companies
4/17/2023 1:53:18 PM
Global markets rose moderately Monday, although worries continued about economic growth and inflationary pressures.
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World
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Africa
4/14/2023 5:07:34 PM
Kenya's President William Ruto announced on Friday that he would slash the price of a key food staple as anger over skyrocketing inflation fuels protests in the East African nation.
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Business
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Economy
4/14/2023 3:19:28 PM
Wall Street held steady in premarket trading Friday as some of the nation's biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation.
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