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Business
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Economy
6/12/2024 6:11:56 PM
Stock markets surged Wednesday after data showed US inflation slowed in May, raising hopes the Federal Reserve will cut interest rates later this year.
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Al-Ahram Weekly
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Economy
6/12/2024 1:08:00 PM
As the IMF closes its third review of its loan to Egypt, foreign-exchange inflows to the country are showing a marked improvement.
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Business
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Markets & Companies
6/11/2024 5:57:24 PM
European stock markets and the euro tumbled further Tuesday as investors faced weeks of political uncertainty after far-right gains in EU Parliament elections that sparked early elections in France.
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Business
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Economy
6/10/2024 8:11:15 PM
Egypt’s core inflation declined for the third consecutive month in May, reaching 27.1 percent, compared to 31.8 percent in April, the Central Bank of Egypt (CBE) announced on Monday.
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Business
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Economy
6/10/2024 4:04:58 PM
After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts.
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Business
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Economy
6/10/2024 12:29:43 PM
Egypt's annual headline inflation rate has maintained its downturn trend for the third consecutive month, dropping to 27.4 percent in May from 31.8 percent in April, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday.
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Business
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Economy
6/9/2024 5:32:12 PM
The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data.
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Business
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Economy
6/6/2024 4:23:20 PM
The European Central Bank made its first interest rate cut since 2019 Thursday, reducing borrowing costs from record highs, but gave few clues about its next move while warning of continuing inflation pressures.
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Business
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Markets & Companies
6/5/2024 4:07:36 PM
Europe's equity markets climbed Wednesday with traders boosted on the eve of an expected interest-rate cut by the European Central Bank, but Asia slid on renewed US economic worries.
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Business
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Markets & Companies
6/4/2024 6:07:01 PM
US stocked ticked lower in early trading Tuesday, as investors reacted to underwhelming recent economic data and prepared for the release of key payroll data later this week.
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World
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Africa
6/4/2024 5:08:36 PM
Nigerian union leaders on Tuesday suspended a nationwide strike to allow for more wage talks after they disrupted flights, shut down the national power grid, and closed public offices and schools.
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World
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Africa
6/3/2024 9:06:26 PM
Nigerian labour unions shut down the national power grid and disrupted flights Monday as they began an indefinite strike that closed schools and public offices after failing to strike a new minimum wage deal with the government.
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Business
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Economy
6/3/2024 1:23:45 PM
Turkish inflation jumped above 75 percent in May, official data showed Monday, but officials expect consumer prices to have finally peaked in a cost-of-living crisis that has dogged President Recep Tayyip Erdogan.
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Business
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Economy
5/31/2024 2:51:08 PM
The UK-based multinational Standard Chartered Bank, which officially initiated its banking operations in Egypt in January, organised a roundtable in Cairo this week to showcase its insights on the Egyptian economy in light of the ongoing regional tensions.
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Business
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Markets & Companies
5/28/2024 7:57:17 PM
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week.
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Business
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Economy
5/24/2024 1:11:00 PM
The Central Bank of Egypt (CBE) decided to keep the current key interest rates unchanged in its Monetary Policy Committee (MPC) meeting, the last in FY2023/2024, held on Thursday.
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Business
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Economy
5/23/2024 12:10:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene Thursday to decide on key interest rates for the last time in FY2023/2024, amid expectations that it will maintain the current interest rates as inflation rates have started to take a downward path over the past two months.
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Al-Ahram Weekly
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Economy
5/22/2024 9:16:00 AM
With the slowdown in inflation and new inflows of foreign funds, the Central Bank of Egypt is likely to keep interest rates unchanged at its meeting this month.
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Business
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Economy
5/20/2024 2:41:42 PM
The global inflationary wave has raised Egypt's import bill by $4 billion per month due to the rise in global prices, increased shipping costs, and exchange rate fluctuations, Minister of Finance Mohamed Maait stated on Monday.
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Business
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Economy
5/19/2024 10:43:56 PM
Fitch Ratings has revised its outlook on four Egyptian banks to positive from stable, affirming their long-term issuer default ratings at B-, the US-based credit rating agency announced on Saturday.
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