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Business - Markets & Companies
1/23/2024 4:09:51 PM
The Egyptian Exchange's (EGX) main index dropped by 1.65 percent on Tuesday, with the market cap losing EGP 17 billion, while gold prices increased.

Egypt - Society
1/23/2024 1:59:16 PM
Egypt's total seafood production has reached about 2.1 million tons in 2023, with around 85 percent self-sufficiency rate, according to the Lakes and Fish Resources Protection and Development Agency, with efforts to bridge the supply and demand gap through importing high-quality seafood from countries like Norway.

World - International
1/23/2024 1:55:10 PM
A magnitude 7.1 earthquake struck a sparsely populated part of China’s western Xinjiang region early Tuesday, killing three people and causing extensive damage in freezing cold weather, officials said. It was the latest in a series of temblors and natural disasters to hit the country's west.

Business - Economy
1/22/2024 6:34:52 PM
Saudi Islamic Al-Rajhi Bank, one of the biggest banks in the country, suspended transactions in Egyptian pounds across all of its branches in the kingdom, an informed source at the bank told Ahram Online.

Business - Economy
1/22/2024 6:05:09 PM
Global credit rating agency Moody's has expected the International Monetary Fund (IMF) to increase its existing $3 billion loan programme for Egypt to $10 billion, according to a recent report by the agency.

Business - Markets & Companies
1/22/2024 3:05:22 PM
The Egyptian Exchange (EGX) indices and gold prices reached new record levels on Monday. The main index EGX30 surpassed 28,050 points and the 21-carat gold exceeded EGP 3,585 per gram.

Business - Economy
1/22/2024 2:40:20 PM
Egypt may devalue the Egyptian pound to bridge the gap with its traded rate in the parallel market, said Fakhry El-Fiqi, head of the Planning and Budget Committee in the House of Representatives.

Business - Economy
1/21/2024 6:14:25 PM
The Commercial International Bank (CIB) has issued new premium certificates of deposits (CDs) that offer a fixed monthly yield of up to 22 percent, according to the bank’s website.

Business - Markets & Companies
1/21/2024 3:34:15 PM
The Egyptian Exchange (EGX) indices reached record levels on Sunday and the main index surpassed 27,700 points for the first time in its history.

War on Gaza - War on Gaza
1/20/2024 10:18:19 AM
Israel ratcheted up its attacks in the south of the Gaza Strip on Saturday after Israeli Prime Minister Benjamin Netanyahu and US President Joe Biden discussed differences over a post-war future for Palestinians that have suggested a rift between the two allies.

Business - Economy
1/19/2024 4:32:33 PM
Egypt’s Ministry of Finance Mohamed Maait stressed that the latest decision of global rating agency Moody's that fixed the country’s sovereign’s credit rating at Caa1 and revised its future outlook to negative “did not take into account the government’s current efforts.”

War on Gaza - War on Gaza
1/17/2024 2:08:49 PM
US Secretary of State Antony Blinken called Wednesday on Israel to help rather than hinder the Palestinian Authority, saying that Israel's long-term security was at stake.

Business - Economy
1/16/2024 9:42:46 PM
The US Federal Reserve is "within striking distance" of reaching its long-term inflation target and could begin cutting interest rates this year, a senior official said Tuesday.

Al-Ahram Weekly - Economy
1/16/2024 9:20:21 PM
The government’s newly released six-year economic strategy includes ambitious targets for foreign investment, exports, and the exchange rate of the Egyptian pound, reports Gamal Essam El-Din

Business - Economy
1/16/2024 6:12:00 PM
Egypt's geopolitical significance demonstrated through its role as a mediator in containing Israel's conflict in Gaza is expected to draw increased foreign financial support, potentially exceeding $5 billion, according to Ramona Moubarak, the head of MENA Country Risk at Fitch Solutions.

Business - Markets & Companies
1/16/2024 4:36:00 PM
The USD parallel market rate, EGX indices, and gold prices reached new record highs on Tuesday.

Business - Economy
1/16/2024 2:57:30 PM
Foreign companies can now retain their capital increase deposit in foreign currency, rather than having it converted to Egyptian pound by the bank, allowing them to utilize it later for the procurement of production inputs.

War on Gaza - War on Gaza
1/15/2024 10:58:00 PM
On the 101st day of the brutal Israeli war on Gaza, the Israeli occupation army continues its relentless attacks, with overnight and early morning assaults killing more than 60 civilians and injuring dozens across Gaza, while the US suggests “it’s time” for Israel to consider reducing the intensity of its war rather than halting it altogether.

Business - Economy
1/15/2024 7:43:32 PM
Egypt’s real GDP growth rate slowed to 2.65 percent in the first quarter of the fiscal year 2023/2024 from 4.4 percent in the same quarter of FY2022/2023 (July-September), according to data released by the Ministry of Planning and Economic Development on Monday.

Business - Economy
1/15/2024 10:31:07 AM
Asian shares were mostly higher on Monday, with Tokyo extending its New Year rally, as China’s central bank kept its one-year policy loan interest rate unchanged.

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