Business
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Economy
11/5/2023 12:05:19 PM
Egypt's recent decision to raise fuel prices is expected to have far-reaching consequences on inflation rates, according to economic experts who spoke to Ahram Online.
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World
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International
11/1/2023 10:39:02 PM
The US Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time, but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.
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Business
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Economy
11/1/2023 5:09:44 PM
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is scheduled to hold its penultimate meeting for 2023 on Thursday to review key interest rates amid the latest economic developments on the local and global fronts.
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Business
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Economy
10/30/2023 2:56:30 PM
The escalation of the war in Gaza is expected to have various implications for oil and other commodity markets, initially triggering a surge in oil prices and subsequently causing disruptions in other commodity sectors.
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Business
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Economy
10/25/2023 4:20:19 PM
The Israeli war on Gaza has driven the Egyptian pound down to a record low on the parallel market, where it is now trading for EGP 46 against the US dollar, said Ramona Moubarak, head of MENA Country Risk at Fitch Solutions.
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Business
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Economy
10/21/2023 1:49:53 PM
The US Federal Reserve warned Friday that the war in Gaza and the ongoing Ukraine conflict could cause harm to the world economy and boost global inflation.
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Business
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Economy
10/19/2023 10:13:02 PM
US inflation is "still too high" despite a recent slowdown, Federal Reserve Chair Jerome Powell said Thursday, leaving the door open for a new interest rate hike.
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World
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Region
10/18/2023 1:32:39 AM
Tunisian President Kais Saied sacked the economy minister on Tuesday and appointed the finance minister to the role on an interim basis, the presidency announced without giving any explanation.
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Business
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Economy
10/16/2023 3:32:21 PM
Egypt’s Ministry of Supply and Internal Trade announced it has purchased 250,000 tons of rice to support Egypt’s strategic rice reserves for six months, read a ministry statement on Sunday.
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Business
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Economy
10/12/2023 7:48:29 PM
The Egyptian government exempted a list of 12 basic foods from customs duties for six months, effective on Tuesday, 11 October, according to a decree published in the Egyptian Gazette on Thursday.
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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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Egypt
10/10/2023 11:42:37 PM
The government has launched an initiative to cut the prices of certain basic food items to help people struggling with inflation, reports Safeya Mounir
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Business
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Economy
10/10/2023 4:37:33 PM
Egypt’s annual headline inflation decelerated in September to 38 percent, down from 39.7 percent in August, the Central Agency for Public Mobilization and Statistics (CAPMAS) said on Tuesday.
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Business
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Economy
10/10/2023 3:20:23 PM
The recent decision by international credit rating agency Moody's to downgrade Egypt’s credit rating from B3 to Caa1 will inflate the cost of borrowing and place a heavier debt burden on the country, experts told Ahram Online.
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Business
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Economy
10/10/2023 1:46:15 PM
The International Monetary Fund (IMF) has raised its projections for Egypt’s real GDP growth in 2023 to 4.2 percent, up from the 3.7 percent it expected in July, according to the World Economic Outlook (WEO) report issued by the fund on Tuesday.
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Business
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Economy
10/9/2023 10:33:04 AM
The annual meetings (autumn meetings) of the International Monetary Fund (IMF) and the World Bank Group (WBG) kicked off on Tuesday in Marrakech and will continue through 15 October.
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Business
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Economy
10/5/2023 10:46:13 PM
The World Bank has revised up its forecasts for Egypt’s real GDP growth in 2023 to 4.2 percent from 4 percent, according to the bank’s latest MENA economic update released on Thursday.
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Business
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Economy
10/3/2023 10:08:59 PM
The Egyptian government, in collaboration with the Central Bank of Egypt (CBE), is set to announce next week an initiative aimed at reducing the prices of basic commodities, according to a Cabinet statement on Tuesday.
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World
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Africa
10/3/2023 4:57:15 PM
Several hundred opposition protesters rallied in Ghana's capital Accra on Tuesday to denounce the country's lingering economic crisis, blaming it on the central bank governor's policies.
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Business
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Economy
10/3/2023 4:38:13 PM
Egypt's Purchasing Managers Index (PMI) for the non-oil sector declined in September to a four-month record low of 48.7 points, according to the data released by the American credit rating agency Standard and Poor's (S&P) on Tuesday.
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