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Business - Economy
3/10/2024 1:50:00 PM
Head of Egypt’s Banks Federation Mohamed El-Etreby urged caution amid an influx of hard currency into Egypt in the form of hot money following the flotation of the Egyptian pound and an increase in interest rates.

Business - Economy
3/10/2024 11:59:06 AM
Egypt’s annual headline inflation reached a record level of 219.4 points in February, indicating an annual rate of 36 percent, compared to 31.2 percent seen in January, the Central Agency for Public Mobilization and Statistics (CAPMAS) released on Sunday.

Egypt - Politics
3/9/2024 10:45:00 PM
President Abdel-Fattah El-Sisi said on Saturday that the government's decision last week to adopt a flexible exchange rate would have not been possible without securing “a significant influx of funding.”

Sports - World
3/8/2024 6:03:31 PM
Erik ten Hag believes he may have won up to three-quarters of his first 100 matches at Manchester United were it not for a punishing injury list that he said no team could cope with.

Business - Economy
3/8/2024 2:16:58 PM
Credit-rating company Moody's Ratings (Moody's) has revised the outlook on Egypt to positive from negative amid game-changing economic measures, including the flotation of the Egyptian local currency and an increase in interest rates.

Business - Economy
3/6/2024 10:41:00 PM
Hassan Abdalla, the Governor of the Central Bank of Egypt (CBE), stated on Wednesday in a press conference that the state has recently raised interest rates by 6 percent to contain inflation and support citizens.

Business - Economy
3/6/2024 6:03:00 PM
The Central Bank of Egypt (CBE) decided on Tuesday to float the Egyptian pound (EGP) and raise interest rates by six percent, in a bold move to meet economic challenges.

Business - Economy
3/6/2024 5:16:55 PM
The National Bank of Egypt (NBE) and Banque Misr (BM), Egypt’s largest state-owned banks, announced on Wednesday the launch of three-year certificates of deposits (CDs) with initial annual interest rates of up to 30 percent, which decrease gradually.

Business - Economy
3/6/2024 4:41:00 PM
The Egyptian pound experienced a significant drop on Wednesday, declining by 62 percent to approximately EGP 50.1 against the US dollar and EGP 54.5 against the euro.

Business - Markets & Companies
3/6/2024 1:54:00 PM
The Egyptian Exchange (EGX) indexes hit a record high during Wednesday's trading, pushed by large purchases after a Central Bank of Egypt (CBE) decision to increase interest rates.

Business - Economy
3/6/2024 1:14:00 PM
The Central Bank of Egypt (CBE) decided on Wednesday morning to allow market forces to determine the value of the Egyptian pound (EGP), while simultaneously raising interest rates by 6 percent.

Business - Markets & Companies
3/5/2024 5:32:15 PM
The price of gold on Tuesday struck an all-time pinnacle, boosted by its haven status ahead of expected cuts to US interest rates amid growing economic gloom.

World - International
3/5/2024 12:05:47 PM
President Joe Biden and former President Donald Trump are poised to move much closer to winning their party's nominations during the biggest day of the primary campaign on Tuesday, setting up a historic rematch that many voters would rather not endure.

Sports - World
2/29/2024 10:03:07 PM
Jim Ratcliffe’s determination to bring down Manchester City is abundantly clear.

Sports - World
2/29/2024 12:31:20 PM
Jim Ratcliffe’s determination to bring down Manchester City is abundantly clear.

Business - Tech
2/28/2024 12:09:34 PM
The value of the global cross-border digital remittance market reached $148.08 billion in early 2023 and is expected to achieve a compound annual growth rate of over 12.5 percent to reach $339.8 billion by 2030, according to a report released by the UAE-based business-to-business prepaid products provider Prepay Nation on Tuesday.

Sports - World
2/28/2024 10:59:28 AM
Erik ten Hag says he does not want a public vote of confidence from Jim Ratcliffe as speculation mounts over the Manchester United manager's future.

Egypt - Urban & Transport
2/27/2024 6:19:01 PM
A temporary change in the working hours of Cairo Metro’s third green line will take place starting from Wednesday until the beginning of Ramadan, according to a statement by RATP Dev Mobility Cairo, the operator of the metro line.

World - War in Ukraine
2/26/2024 7:24:32 PM
Hungary’s parliament voted Monday to ratify Sweden's bid to join NATO, bringing an end to more than 18 months of delays that have frustrated the alliance as it seeks to expand in response to Russia's war in Ukraine.

Sports - World
2/23/2024 6:36:47 PM
Manchester City boss Pep Guardiola is expecting a tougher challenge from Manchester United in the coming years after British billionaire Jim Ratcliffe's purchase of a minority stake in the club was completed this week.

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