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Business
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Economy
4/1/2024 5:17:23 PM
Egyptian markets are preparing for a considerable decrease in prices of poultry and eggs starting Tuesday, as the government aims to slash prices of food commodities by 30 percent in the coming weeks in collaboration with the private sector.
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Business
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Economy
4/1/2024 11:28:03 AM
Asian markets were mixed while gold hit a record high Monday after data showed a slight uptick in US inflation that Federal Reserve boss Jerome Powell said was "in line with expectations".
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Business
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Economy
3/30/2024 12:59:11 AM
The Executive Board of the International Monetary Fund (IMF) completed on Friday the first and second reviews of Egypt’s 46-month Extended Fund Facility arrangement with Egypt and approved an expansion of the original program by about $5 billion.
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Al-Ahram Weekly
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Economy
3/29/2024 12:57:00 PM
The government’s budget and development plan will be submitted to parliament this month, writes Gamal Essam El-Din
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Al-Ahram Weekly
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Economy
3/26/2024 9:06:09 PM
Rises in the prices of petroleum products have been spilling over into commodity prices and overall inflation rates, reports Safeya Mounir
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Business
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Economy
3/24/2024 3:26:16 PM
Commercial International Bank (CIB) has raised the yields on its new EGP-denominated fixed-rate certificates of deposits (CDs) by two percent, for the second time in two months, up to 24 percent on some of the three-month certificates, according to the bank’s website.
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Business
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Economy
3/20/2024 9:16:05 PM
The US Federal Reserve voted Wednesday to hold interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year.
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Al-Ahram Weekly
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Egypt
3/13/2024 10:38:00 PM
Contradicting all expectations, inflation rates recorded an increase in February.
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Business
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Economy
3/13/2024 1:36:49 PM
The value of the commodities released over the past 10 days from ports amounted to $1.7 billion, Egypt’s Minister of Finance Mohamed Maait stated on Wednesday.
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Al-Ahram Weekly
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Opinion
3/12/2024 3:53:56 PM
Popular though it is, Stefan Gerlach argues, inflation targeting is not always appropriate
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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Economy
3/6/2024 9:36:10 PM
The US Federal Reserve's progress in bringing down inflation is "not assured," the chairman said Wednesday on the first of two days of hearings in Congress.
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Business
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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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World
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International
3/4/2024 3:45:34 PM
German travelers braced for fresh upheaval after unions on Monday called for renewed walkouts at Lufthansa and rail operator Deutsche Bahn, the latest escalation in a series of rows over inflation-busting pay rises.
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Business
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Economy
2/28/2024 1:05:05 PM
The International Monetary Fund (IMF) has resolved key issues with Egyptian authorities regarding the reviews of its $3 billion loan programme and will announce the final financing package within weeks, Kristalina Georgieva, managing director of the IMF, said in an interview with Reuters.
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Business
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Markets & Companies
2/18/2024 6:42:42 PM
Union Verdi called on ground staff at Lufthansa to stage a walkout on Tuesday across Germany's biggest airports, in the latest strike to plague the country in recent weeks.
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Business
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Economy
2/18/2024 6:38:38 PM
Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country.
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Al-Ahram Weekly
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Egypt
2/13/2024 9:49:00 PM
Safeya Mounir finds out why Egypt’s inflation rates cooled in January
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