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Business
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Economy
1/2/2024 1:28:17 PM
The foreign assets deficit in the Egyptian banking system declined by EGP 5.25 billion to reach EGP 833.96 billion ($26.9 billion) in November 2023, according to data released by the Central Bank of Egypt (CBE).
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Business
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Tech
12/27/2023 2:44:45 PM
Generative artificial intelligence (AI) like large language models (LLMs) will gain cultural awareness by processing more diverse data, making the technology accessible worldwide, according to Amazon’s tech predictions report for 2024.
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Business
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Economy
12/24/2023 4:40:16 PM
Egypt’s exports dropped 22 percent year-on-year (YoY) to $30.8 billion during the first nine months of 2023, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.
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Business
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Economy
12/23/2023 6:43:27 PM
Global central banks’ reserves of US dollars declined to 59.2 percent during the third quarter of 2023 from 59.4 percent the previous quarter, the lowest figure since Q4 of 2022, according to the latest data released by the International Monetary Fund (IMF).
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Business
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Tech
12/19/2023 3:54:24 PM
The Egyptian Ministry of Telecommunications and Information Technology and the Emirati Ministry of Investment signed a memorandum of understanding (MoU) to build large data centres, according to a Cabinet statement on Monday.
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Business
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Economy
12/18/2023 1:17:07 PM
Egypt’s non-oil trade deficit shrank by 15 percent to record $9.1 billion during the third quarter of 2023, compared to $10.7 billion in the corresponding quarter of 2022, according to data released by the cabinet’s Information and Decision Support Centre (IDSC) on Monday.
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Business
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Economy
12/17/2023 6:27:30 PM
Egypt’s petroleum imports, including crude oil and oil products, dropped 11.4 percent to $1.06 billion in September from $1.2 billion in August, according to data released by the state-run statistics agency, CAPMAS.
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Business
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Economy
12/15/2023 2:01:42 PM
Ahram Online picked the brains of two financial experts on why prices are still rising in Egypt despite recent official data showing that inflation rates reached a six-month low during November.
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Business
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Economy
12/12/2023 3:47:16 PM
Egypt is required to pay $32.79 billion in debt service in 2024, according to data released by the Central Bank of Egypt (CBE).
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Egypt
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Presidential Elections 2024
12/11/2023 7:56:31 PM
The Executive Director of Egypt's National Election Authority (NEA) Ahmed Bendari announced Monday that around 45% of the total number of eligible voters registered in Egypt's elections database have cast their ballots as of the second voting day of the three-day presidential elections.
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Business
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Economy
12/10/2023 6:34:51 PM
Egypt's annual core inflation rate decelerated by 2.2 percent in November, recording 35.9 percent, down from 38.1 percent in October, according to the data released by the Central Bank of Egypt (CBE) on Sunday.
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Business
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Tech
12/10/2023 5:43:20 PM
Dahab Masr has signed a cooperation protocol with GuRow, a financial technology application, to develop the gold market through artificial intelligence (AI) techniques and accurate data analysis, according to a recent statement by Dahab Masr.
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Business
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Economy
12/10/2023 2:16:06 PM
Egypt’s exports increased by 19.4 percent in 2022 to reach $52.1 billion, up from $43.6 billion in 2021, according to the data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Saturday.
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Business
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Economy
12/10/2023 1:03:15 PM
Egypt’s annual headline inflation decelerated to 36.4 percent in November, down from 38.5 percent a month prior, according to the data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.
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Business
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Economy
12/7/2023 1:57:25 PM
The international reserves at the Central Bank of Egypt (CBE) inched up by $71 million to record $35.17 billion in November, according to CBE data on Thursday.
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Business
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Economy
12/6/2023 6:53:03 PM
The Egyptian government’s revenues surged 29.5 percent year-on-year to EGP 335.13 billion ($10.83 billion) during the first three months of the fiscal year (FY) 2023/2024, according to data released by the Ministry of Finance.
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Business
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Economy
12/6/2023 1:13:03 PM
Egypt’s trade deficit increased by 10.3 percent to reach $3.24 billion in September compared to $2.84 billion in the same month last year, according to the data released by the Central Agency for Public Mobilization and Statistics (CAMPAS) on Wednesday.
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Business
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Economy
12/6/2023 11:26:11 AM
Asian shares advanced on Wednesday after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy.
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Business
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Economy
12/5/2023 8:23:06 PM
Gold prices experienced a slight decline on Tuesday, trading $100 below the previous session's record high, as investors are eagerly awaiting upcoming US economic data, which could potentially impact the Federal Reserve's rate outlook.
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War on Gaza
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War on Gaza
12/5/2023 1:55:20 PM
Digital devices and documents retrieved from Hamas resistance militants after the October 7 Al-Aqsa Flood operation reveal years of planning and a very high level of "detail and readiness", Israeli intelligence officers claimed.
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