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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.

Sports - World
1/14/2024 10:06:32 PM
Manchester United failed to welcome the club's new co-owner Jim Ratcliffe to Old Trafford with a win as Tottenham twice came from behind to claim a 2-2 draw on Sunday.

Sports - World
1/14/2024 8:11:05 PM
British billionaire Jim Ratcliffe said buying a stake in Manchester United is the most exciting thing he has ever done.

Business - Markets & Companies
1/14/2024 4:33:18 PM
The USD has approached a new high of EGP 57 in the parallel market in Egypt, while gold prices started the week with EGP 100 jumps in the gram price of different carats.

War on Gaza - War on Gaza
1/13/2024 6:56:07 PM
For a few hours every day or night, Dr. Suhaib Alhamss tries to sleep on a thin mattress in an operating room. He swings in and out of half-consciousness, both too tired to open his eyes and too tense to let go. Thunderous shellfire often rattles the windows of the hospital he directs in the southern Gaza Strip.

Business - Economy
1/11/2024 10:43:56 PM
Gold prices surged 15 percent year-on-year (YoY) to $2,078 per ounce in 2023, its all-time-high, supported by the increased demand by central banks and the geopolitical risks that benefit a haven like gold, according to a report by the World Gold Council (WGC).

Business - Economy
1/11/2024 10:36:34 PM
Wall Street is slipping Thursday after a warmer-than-expected report on inflation forced some investors to push back forecasts for when the Federal Reserve could deliver long-sought cuts to interest rates.

Business - Economy
1/10/2024 7:59:38 PM
Egypt's annual core inflation rate decelerated by 1.7 percent in December to 34.2 percent, down from 35.9 percent in November, according to the data released by the Central Bank of Egypt (CBE) on Wednesday.

Business - Economy
1/10/2024 3:41:25 PM
The Egyptian government plans to develop an AI-based system to predict crises in the local marjet, especially hikes in the prices of commodities and staples, Osama El-Gohary, assistant Prime Minister and head of the Cabinet’s Information and Decision Support Centre (IDSC), said on Wednesday.

Al-Ahram Weekly - Egypt
1/9/2024 9:37:12 PM
The government started off the year by announcing a new strategy and a set of subsidy reductions, reports Niveen Wahish

Business - Economy
1/9/2024 6:01:30 PM
The Central Bank of Egypt (CBE) has instructed all banks operating in the country to apply a minimum interest rate of 24 percent on loans, sources in the banking sector revealed to Ahram Online.

Sports - World
1/8/2024 8:36:59 PM
Ivan Toney said he has to repay Brentford's support after an eight-month betting ban, rather than look for pastures new in the January transfer window as he prepares to return to action.

Opinion -
1/8/2024 1:10:01 PM
As geopolitical tensions spike and interest rates remain elevated, 2024 is poised to be yet another tumultuous year for the world economy, especially for emerging markets that could struggle to avert a crisis if global growth fails to meet expectations.

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