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Business - Economy
1/11/2024 7:57:56 PM
Consumer inflation in the United States rose more than anticipated in December, government data showed Thursday, with President Joe Biden conceding he must do more to tackle high prices.

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
1/7/2024 7:37:30 PM
Egypt’s non-oil trade deficit dropped 26.29 percent year-on-year (YoY) to $6.63 billion in the third quarter of 2023 from $8.99 billion in the same quarter a year earlier, according to data released by the Central Bank of Egypt (CBE).

Business - Economy
1/7/2024 6:52:01 PM
Egypt’s Suez Canal revenues jumped by around 19.4 percent to $2.4 billion in the third quarter of 2023 (July-September) compared to $2 billion in the corresponding quarter in 2022, according to data released by the Central Bank of Egypt (CBE).

Business - Economy
1/6/2024 7:05:33 PM
Egypt’s current account deficit decreased by 12.1 percent to $2.8 billion during the period between July and September 2023, compared to $3.2 billion a year prior, according to the data released by the Central Bank of Egypt (CBE) on Thursday.

Business - Economy
1/4/2024 7:27:20 PM
Egypt’s Net International Reserves increased by $47 million to record $35.22 billion in December, its highest level since May 2022, according to data released by the Central Bank of Egypt on Thursday.

Business - Economy
1/4/2024 2:25:20 PM
Egypt’s non-oil private sector showed slower expansion at the end of last year as demand weakened further amid currency depreciation and high inflation, according to data released by the American credit rating agency Standard and Poor's (S&P) on Thursday.

Business - Economy
1/3/2024 8:52:21 PM
Remittances from Egyptians working abroad dropped 29.22 percent to $4.52 billion in the first quarter of the fiscal year 2023/2024 (July-September) from $6.39 billion in the same period a year earlier, according to data released by the Ministry of Planning.

Business - 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).

Business - 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.

Business - 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.

Business - 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).

Business - 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.

Business - 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.

Business - 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.

Business - 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.

Business - 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).

Egypt - 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.

Business - 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.

Business - 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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