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Al-Ahram Weekly - Opinion
3/19/2024 3:16:36 PM
Recent sharp fluctuations in international interest rates have posed tough challenges for the developing economies, with many now threatened by a vicious debt crisis that could leave them with crippling costs, writes Mahmoud Mohieldin

Business - Economy
3/19/2024 11:38:02 AM
Shares were mixed in Asia on Tuesday after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy at odds with the stances of most central banks.

Business - Economy
3/18/2024 10:36:03 PM
Across the United States, many people are eagerly anticipating the Federal Reserve's first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Wall Street traders envision higher stock prices. Consumers are looking for a break on credit card debt at record-high interest rates.

Business - Economy
3/18/2024 5:21:23 PM
The US dollar rate has continued to decline against the Egyptian pound since the Central Bank of Egypt (CBE) announced on 6 March that it would let the value of the local currency be set by market forces.

Al-Ahram Weekly - Opinion
3/14/2024 11:25:00 PM
Though widely anticipated, the move by the Central Bank of Egypt (CBE) last Wednesday to allow market forces to determine the Egyptian pound’s exchange rate took everyone by surprise.

Al-Ahram Weekly - Egypt
3/13/2024 10:38:00 PM
Contradicting all expectations, inflation rates recorded an increase in February.

Al-Ahram Weekly - Egypt
3/13/2024 10:16:00 PM
Al-Ahram Weekly looks at the pros and cons of the devaluation and high-interest rates.

Al-Ahram Weekly - Egypt
3/12/2024 8:31:36 PM
Sarah Elhosary reports on the latest fluctuations in gold prices

Al-Ahram Weekly - Egypt
3/12/2024 8:28:53 PM
Al-Ahram Weekly gauges people’s concerns following the liberalisation of the exchange rate.

Al-Ahram Weekly - Opinion
3/12/2024 8:22:49 PM
It is time to break from Joseph’s prophecy.

Business - Economy
3/12/2024 4:26:09 PM
The US dollar rate against the Egyptian pound declined on Tuesday by approximately 1.5 percent to EGP 48.8/1 USD for selling, compared to EGP 49.5/1 USD recorded a week ago and EGP 49/1 USD seen on Monday, according to the rates on the Central Bank of Egypt (CBE)’s website.

Sports - Africa
3/11/2024 9:25:37 PM
Spain coach Luis de la Fuente said Monday he respected Brahim Díaz's decision to represent Morocco rather than his team, adding that only individuals who want to play for La Roja are welcome in his squad.

Business - Economy
3/11/2024 10:53:23 AM
Stock markets mostly fell Monday after a forecast-busting jobs report dampened US interest rate cut hopes, with attention now turning to the release of key inflation data this week.

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.

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