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Al-Ahram Weekly
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Economy
5/15/2024 10:28:00 AM
Cheaper food and commodity prices are helping to cool inflation in Egypt.
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Business
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Economy
5/9/2024 12:33:09 PM
Egypt’s headline inflation rate decelerated, for the second consecutive month, in April to 32.8 percent, down from 33.1 percent in March, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced Thursday.
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Business
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Economy
5/7/2024 5:25:15 PM
Revenues from Egypt’s tourism sector and Suez Canal in the current FY2023/2024, which ends on 30 June, and the upcoming FY2024/2025 could shrink by up to $13.7 billion the United Nations Development Program (UNDP) said in a new study.
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Business
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Economy
5/4/2024 6:47:00 PM
Fitch Ratings upgraded its outlook for Egypt's Long-Term Foreign-Currency Issuer (LFTC) to positive from stable while affirming its issuer default rating at B-, the credit rating agency announced in its report on Egypt on Friday.
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Business
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Markets & Companies
4/30/2024 5:21:18 PM
Eurozone equities sagged Tuesday, weighed down by the strong euro as investors digested bright economic news, while London hit another record peak on earnings-driven optimism.
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Business
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Economy
4/28/2024 2:10:39 PM
Egypt has met seven commitments out of 15 pledges under its ongoing $8 billion Extended Fund Facility (EFF) loan programme with the International Monetary Fund (IMF), according to the fund’s report released on Friday following the completion of the first and second reviews.
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Business
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Economy
4/28/2024 9:30:13 AM
Egypt’s budget plan for the upcoming FY2024/2025 comes in line with the government commitments to the International Monetary Fund (IMF) under the fund’s loan programme for the country.
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Business
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Economy
4/27/2024 3:06:15 PM
The International Monetary Fund (IMF) issued on Friday the technical reports concerning the completion of the first and the second reviews of the fund’s Extended Fund Facility loan programme that has been recently expanded from $3 billion to $8 billion.
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Business
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Economy
4/23/2024 3:01:53 PM
The Central Bank of Egypt (CBE) is expected to cut the key interest rates in May by two percent (200 bps), based on its view of inflation decreasing to 20 percent by the end of 2024, the US-based investment bank Goldman Sachs said in a research note.
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Business
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Economy
4/23/2024 11:02:53 AM
Asian markets mostly rose Tuesday and London hit a fresh record, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.
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Business
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Markets & Companies
4/22/2024 5:18:19 PM
Major stock markets mostly rallied Monday and oil prices retreated as Middle East worries subsided and traders looked ahead to the release of key US inflation data and corporate earnings.
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Business
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Economy
4/18/2024 8:55:57 PM
Egypt’s overall debt to GDP is expected to decline to 82.6 percent of GDP in 2025, from over 90 percent in 2024, and will continue to shrink under the country's loan program with the International Monetary Fund (IMF), the Director of the Middle East and Central Asia Department at the IMF, Jihad Azour, told Ahram Online.
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Business
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Economy
4/18/2024 6:51:07 PM
The war in Gaza, Red Sea shipping disruptions, and oil production cuts have exacerbated the high debt and the elevating borrowing cost issues in the Middle East and North Africa (MENA) region, including Egypt, the International Monetary Fund said on Thursday.
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Business
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Economy
4/17/2024 3:12:29 PM
Global debt is projected to increase to close to 100 percent of GDP by 2029, driven mainly by the increasing debt levels in the large economies, including China, Italy, the United Kingdom, and the US, with policy action needed to address fundamental imbalances between spending and revenues, according to the Fiscal Monitor Report released on Wednesday.
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Business
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Economy
4/16/2024 11:13:11 PM
The US Federal Reserve's ongoing fight against inflation could take "longer than expected," the head of the US central bank said Tuesday, further paring back the chances of early rate cuts.
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Business
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Economy
4/16/2024 4:09:00 PM
The International Monetary Fund (IMF) has maintained its projection for Egypt’s real GDP growth in 2024 at three percent, declining by 0.8 percent compared to the estimation of 2023.
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Business
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Economy
4/11/2024 3:58:36 PM
The European Central Bank held interest rates steady again Thursday but said slowing inflation could open the door to easing monetary policy, raising hopes of a first cut in June.
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Business
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Markets & Companies
4/11/2024 2:04:30 PM
Asian and European stock markets mostly fell Thursday before the European Central Bank's latest interest rate decision, after hotter-than-expected US inflation dented hopes for Federal Reserve rate reduction any time soon.
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Business
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Markets & Companies
4/9/2024 3:36:59 PM
European equities dipped in early trading Tuesday while Asian stocks closed mostly higher, as investors mainly focused on a U.S. inflation report and what it means for interest rate cuts by the Federal Reserve.
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Business
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Economy
4/1/2024 8:00:00 PM
The International Monetary Fund (IMF) is scheduled to complete its third review of Egypt's $8 billion loan deal by the end of June, and its last review by 2026, the IMF’s Mission Chief to Egypt Ivanna Vladkova Hollar announced on Monday.
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