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Business
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Economy
12/16/2023 7:32:13 PM
Despite Egypt’s racing time to fulfill its commitments under the $3 billion loan deal with the International Monetary Fund (IMF), 2023 witnessed no progress from the Egyptian side in terms of the completion of the first and second reviews under the programme.
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Business
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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.
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Al-Ahram Weekly
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Egypt
12/13/2023 7:45:00 PM
A multitude of challenges await the newly elected president.
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Al-Ahram Weekly
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Opinion
12/12/2023 7:48:47 PM
The high volatility of exchange rates and the probability that inflation rates remain high make it crucial to activate inflation-targeting frameworks in the developed and developing countries alike, writes Mahmoud Mohieldin
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Business
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Economy
12/12/2023 7:09:44 PM
Egypt’s average inflation is expected to decline to 27.4 percent in 2024 from 34.1 percent in 2023, according to a report by BMI Research, a subsidiary of Fitch Solutions.
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Business
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Economy
12/11/2023 6:51:37 PM
Egypt's Prime Minister Mostafa Madbouly has called for regular reports on sugar prices in markets, following the Ministry of Supply's distribution of thousands of tons of sugar across various governorates, according to a statement on Monday.
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Business
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Economy
12/11/2023 2:45:13 PM
Egypt’s food and beverages (F&B) annual inflation recorded 63.9 percent, while headline annual inflation registered 36.4 percent, their lowest levels since May 2023, according to the official statistics agency, CAPMAS.
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Business
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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.
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Business
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Economy
12/10/2023 1:03:15 PM
Egypt’s annual headline inflation decelerated to 36.4 percent in November, down from 38.5 percent a month prior, according to the data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.
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Business
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Economy
12/7/2023 10:13:34 PM
Amidst great scarcity and inflated prices of sugar in many areas across Cairo, Fathy Mohamed, a 31-year-old Egyptian, wanders the capital as he struggles to bring a couple of kilos of sugar back to his family.
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Business
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Economy
12/6/2023 2:02:02 PM
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.
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Business
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Economy
12/5/2023 1:14:17 PM
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector rose slightly in November to 48.4 points compared to 47.9 points in October, the index's sixth rise in 2023, according to data released by the American credit rating agency S&P Global Ratings on Tuesday.
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Business
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Economy
11/29/2023 10:31:51 PM
African Development Bank (AfDB) downgraded its forecast of the growth rate of the gross domestic product (GDP) of Africa for 2023 and 2024 to 3.4 percent and 3.8 percent, respectively, from 4.0 percent and 4.3 percent.
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Business
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Economy
11/28/2023 5:31:33 PM
Egyptian President Abdel-Fattah El-Sisi recently decreed the formation of a new board of directors for the Central Bank of Egypt (CBE) under Hassan Abdalla, who has served as acting governor of the bank since August 2023.
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Business
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Economy
11/27/2023 9:51:44 AM
Asian markets dipped Monday as investors look ahead to the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.
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Business
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Economy
11/26/2023 4:23:11 PM
Egypt's Minister of Supply and Internal Trade Ali Moselhi revealed on Sunday that merchants would be given a ten-day period to regulate prices, or else the government may “resort to forced pricing measures.”
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Business
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Economy
11/26/2023 12:12:28 PM
The Egyptian government has announced the allocation of EGP 202 billion for supporting its pension system during the fiscal year (FY) 2023/2024, said Mohamed Maait, minister of finance, according to an official statement on Saturday.
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Business
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Economy
11/23/2023 2:21:01 PM
Black Friday, the highly anticipated shopping extravaganza following Thanksgiving, is rapidly gaining popularity among Egyptian consumers. This year, Black Friday falls on 24 November, and shoppers in Egypt are eagerly awaiting offers and discounts of up to 70 percent.
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Al-Ahram Weekly
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Egypt
11/14/2023 10:03:21 PM
Egypt’s inflation rate bucked its five-month upward trend in October, report Safeya Mounir and Amira Hisham
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Business
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Economy
11/14/2023 5:00:56 PM
Steel prices reached historic levels in Egypt after key producers raised prices significantly, according to the Head of the Cairo Chamber of Commerce's Building Materials Division, Ahmed El-Zeiny.
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