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Al-Ahram Weekly
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Egypt
1/9/2024 9:37:12 PM
The government started off the year by announcing a new strategy and a set of subsidy reductions, reports Niveen Wahish
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Al-Ahram Weekly
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World
1/9/2024 8:18:13 PM
The Houthis attacking Israel-bound ships in the Red Sea has created a dent in global trade that poses risks of inflation, reports Ahmed Mustafa
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Business
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Economy
1/9/2024 1:34:19 PM
President Abdel-Fattah El-Sisi has instructed the government to increase spending on improving Egyptians’ quality of life in the upcoming fiscal year 2024/2025, which starts on 1 July, Minister of Finance Mohamed Maait stated on Tuesday.
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Business
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Economy
1/7/2024 7:17:41 PM
The National Bank of Egypt (NBE) and Banque Misr expect to collect over EGP 500 billion in proceeds through January from their newly introduced certificates of deposit (CDs), Mohamed El-Etreby, head of Banque Misr and chairman of the Federation of Egyptian Banks (FEB), said on Saturday.
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Business
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Economy
1/7/2024 4:14:23 PM
Egypt is set to adopt a flexible exchange rate policy to adjust the pound’s value against the US dollar to meet a 39.61 rate planned by 2028, according to a document released by the Egyptian Cabinet's Information and Decision Support Center (IDSC).
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Business
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Economy
1/7/2024 2:00:50 PM
Egypt’s real GDP growth is projected at 4.1 percent in 2024 and the US dollar exchange rate to jump to EGP 39.7 through end of the year, BMI Country Risk and Industry Analysis, one of Fitch Solutions’ services, said in a new report shared with Ahram Online.
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Business
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Economy
1/6/2024 2:50:01 PM
The National Bank of Egypt (NBE) and Banque Misr collected EGP 11 billion in proceeds through their high-yield certificates of deposit (CDs) within 24 hours following issuance, Mohamed El-Etreby, head of Banque Misr and chairman of Federation of Egyptian Banks, said on Friday.
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Business
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Economy
1/4/2024 5:28:45 PM
Egypt's economy expanded faster than planned in the fiscal year (FY)2022/2023, driven by double-digit gains in sectors ranging from tourism to infrastructure, the Minister of Planning and Economic Development Hala El-Said stated on Wednesday.
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Business
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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.
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Business
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Economy
1/3/2024 6:05:23 PM
The Egyptian economy is set to fully recover from its current crisis in 2025, Prime Minister Mostafa Madbouly stated in a press conference on Wednesday.
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Business
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Economy
1/3/2024 12:30:10 PM
The National Bank of Egypt (NBE) and Banque Misr are set to repay more than EGP 500 billion in principal and interest of 22.5 percent and 25 percent one-year certificates of deposits (CDs) issued in January 2023.
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Business
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Economy
12/31/2023 2:07:47 PM
The Egyptian government is set to continue improving wage levels in 2024 to alleviate the financial burdens faced by citizens since the wake of the COVID-19 pandemic and amid subsequent geopolitical tensions, Minister of Finance Mohamed Maait said on Sunday.
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Business
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Economy
12/26/2023 2:59:01 PM
Gold prices in Egypt surged by around 17 percent in a month and the gold pound coin reached an unprecedented level at more than EGP 26,000, reflecting a global increase in gold prices and rising demand by Egyptians seeking to save the value of their financial resources.
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Business
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Economy
12/25/2023 11:26:24 AM
Asian shares were mostly higher on Monday after Wall Street capped its eighth straight winning week with a quiet finish following reports showing inflation on the way down and the economy potentially on the way up.
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Business
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Economy
12/24/2023 5:27:46 PM
Egypt’s rice production can cover local consumption needs for nine months, Ragab Shehata, head of the Rice Division at the Federation of Egyptian Chambers of Commerce, said on Saturday.
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Business
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Economy
12/21/2023 6:49:54 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) maintained the current key interest rates unchanged in its final meeting for 2023 held on Thursday.
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Business
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Economy
12/21/2023 4:51:17 PM
Egyptian real consumer spending is expected to increase by 1.2 percent year-on-year in 2024 despite inflation concerns, according to Mastercard Economics Institute’s (MEI) Economic Outlook report.
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Business
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Economy
12/20/2023 7:00:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday in its final meeting for 2023 amid mixed expectations of either raising or maintaining the current key interest rates.
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Al-Ahram Weekly
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Economy
12/19/2023 6:00:25 PM
The government launched a myriad of social support initiatives in 2023 to ease the burden of Egyptian households.
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Al-Ahram Weekly
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Economy
12/19/2023 5:56:24 PM
A year of trials and errors and then the war on Gaza. Niveen Wahish reports on the way international events have impacted the Egyptian economy
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