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Business
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Economy
9/4/2024 11:47:09 AM
Property prices in Egypt have surged in 2024 with no signs of slowing down — a puzzling trend amid intense economic conditions that make homes increasingly unaffordable.
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Al-Ahram Weekly
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Egypt
9/3/2024 10:33:09 PM
The race to buy supplies for the new school year has begun, with rising prices perturbing many parents, reports Amira Hisham
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Business
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Economy
8/27/2024 9:56:34 PM
The International Monetary Fund (IMF) has released its staff report addressing the discussions and the results of the third review of the Extended Fund Facility (EFF) loan programme that was approved for Egypt in December 2022.
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Business
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Economy
8/27/2024 3:32:50 PM
Egypt’s real GDP growth rate is projected to hit 5.5 percent over the medium term, according to the International Monetary Fund's (IMF) staff report on Monday on the third review of the country’s $8 billion loan programme.
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Business
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Economy
8/23/2024 6:15:00 PM
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.
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Business
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Markets & Companies
8/21/2024 11:25:27 AM
Asian shares mostly declined Wednesday following a slip on Wall Street that snapped an eight-day winning streak, the longest of the year.
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Business
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Economy
8/20/2024 12:34:53 PM
Egypt's annual headline inflation rate exhibited a downward trajectory reaching 25.2 percent in July, down from 27.1 percent in June, marking a 1.9 percent decline, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
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Business
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Economy
8/19/2024 8:55:19 PM
President Abdel-Fattah El-Sisi issued a decree to renew the tenure of Hassan Abdallah as the Central Bank of Egypt's (CBE) acting governor for a third term, according to the Official Gazette.
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Business
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Economy
8/14/2024 4:31:58 PM
US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates.
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Business
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Markets & Companies
8/14/2024 3:47:47 PM
Stock markets mostly advanced Wednesday as attention switched to inflation data, notably in the United States, and the outlook for interest-rate cuts.
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Business
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Markets & Companies
8/13/2024 5:52:14 PM
Wall Street stocks advanced Tuesday as US producer inflation came in cooler than anticipated but signaled price increases are still easing gradually as hoped, putting the central bank on track for rate cuts.
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Business
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Markets & Companies
8/12/2024 7:01:10 PM
Global stock markets mostly rose Monday as investors tried to move on from upheaval fuelled by US recession worries, with focus shifting to the week's release of American inflation figures and other key data.
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Business
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Economy
8/5/2024 4:49:37 PM
Egypt’s Purchasing Managers’ Index (PMI) hit its highest level in three years in June at 49.9, up from 49.6 in May, according to an S&P Global Egypt PMI report.
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Al-Ahram Weekly
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Egypt
8/1/2024 9:10:00 AM
As Egypt streamlines its finances it must keep an eye on inflation and support the engines of economic growth.
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Business
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Economy
7/30/2024 7:05:00 PM
Egypt has met all the commitments required for the completion of the third review of its $8 billion loan program with the International Monetary Fund (IMF), the IMF's mission chief for Egypt, Ivanna Vladkova Hollar, said in response to a series of questions from Ahram Online during a virtual roundtable Tuesday.
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Business
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Economy
7/30/2024 12:47:25 PM
The International Monetary Fund (IMF) Executive Board completed on Monday the third review of the extended arrangements under the Extended Facility Fund (EFF) for Egypt, allowing the country to immediately receive the loan's third tranche worth $820 million.
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Business
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Economy
7/30/2024 11:35:27 AM
The International Monetary Fund (IMF) has completed the third review of the Extended Fund Facility (EFF) loan programme for Egypt, which allows the country to receive a tranche of $820 million, the fund announced on Monday.
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Business
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Markets & Companies
7/29/2024 9:12:32 PM
Fast food giant McDonald's vowed Monday to win back consumers with better value offerings after it reported a rare sales decline that the company partly attributed to an exodus of inflation-weary low-income consumers.
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Business
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Economy
7/29/2024 5:58:00 PM
Potatoes are one of Egypt's strategic crops and a staple that Egyptians rely on, especially with the inflationary wave the country is experiencing and the low purchasing power resulting from local currency devaluation for the fourth time.
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Business
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Economy
7/29/2024 11:38:17 AM
Egypt is scheduled on the calendar of the International Monetary Fund's (IMF) Executive Board on Monday to discuss the third review of the current Extended Fund Facility (EFF) $8 billion loan programme, which concludes in September 2026.
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