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Business - Markets & Companies
6/22/2023 4:08:36 PM
Wall Street followed global markets lower early Thursday as countries around the world cranked up interest rates one day after Federal Reserve Chair Jerome Powell told Congress he believes inflation still isn’t under control.

Business - Economy
6/21/2023 10:00:00 PM
With no further devaluation of the pound in sight, the Central Bank of Egypt might opt to leave interest rates unchanged at its next meeting on Thursday.

Business - Economy
6/21/2023 3:52:27 PM
Federal Reserve Chair Jerome Powell said Wednesday that additional US interest rate hikes will likely be needed to tame high inflation, ahead of two days of testimony on Capitol Hill.

Business - Economy
6/20/2023 3:44:21 PM
Turkish President Recep Tayyip Erdogan's influential ruling coalition partner said Tuesday that the government needed to take "painful" economic recovery measures that included interest rate hikes.

Egypt - Foreign Affairs
6/19/2023 8:40:00 PM
Egypt’s Minister of Foreign Affairs Sameh Shoukry expressed Egypt's keen interest in the security and stability of Sudan, which are an integral part of its own national security.

Arts & Culture - Music
6/19/2023 3:08:27 PM
World Music Day on Wednesday will bring several interesting concerts to stages in Cairo and Alexandria.

Business - Markets & Companies
6/19/2023 11:21:29 AM
Markets sank Monday with traders left disappointed by a lack of policy announcements from China aimed at kickstarting the ailing economy.

Business - Economy
6/15/2023 4:52:23 PM
The European Central Bank on Thursday said eurozone inflation was still too elevated as it hiked interest rates for an eighth consecutive time to a two-decade high, despite a darkening economic outlook.

Business - Economy
6/15/2023 1:40:00 PM
China's central bank cut a key interest rate and pumped billions into financial markets Thursday, as fresh data showed the world's second-largest economy was flagging.

Business - Economy
6/14/2023 9:15:05 PM
The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.

Business - Economy
6/14/2023 12:21:08 PM
Asian markets were mixed Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.

Business - Economy
6/14/2023 11:32:40 AM
The Federal Reserve will announce Wednesday if it will press ahead with an 11th straight interest rate hike to tackle high inflation or skip an increase to give policymakers more time to take stock of the US economy.

Business - Economy
6/13/2023 6:34:45 PM
The US Federal Reserve on Tuesday kicked off a two-day meeting to set its benchmark lending rate, with fresh signs of cooling inflation increasing the chance it will pause its aggressive cycle of rate hikes.

Business - Economy
6/13/2023 12:03:01 PM
Markets rose on Tuesday, with investors awaiting the release of key US inflation data later in the day that could play a big role in the Federal Reserve's keenly anticipated interest rate decision.

Business - Economy
6/13/2023 10:25:55 AM
China's central bank on Tuesday cut a key policy interest rate, in a surprise move to boost the country's flagging economy.

Business - Economy
6/12/2023 12:22:35 PM
Most markets rose Monday but investors traded cautiously as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.

Business - Economy
6/12/2023 10:56:39 AM
The European Central Bank will almost certainly deliver another interest rate hike on Thursday, pressing ahead with its fight against inflation even as the eurozone slides into a recession.

Business - Economy
6/11/2023 8:40:03 PM
The government should do its best to restrict foreign borrowing to very narrow limits, particularly as high-interest rates are now exerting tremendous pressure on the public finances of world economies, including Egypt, said Chairman of Egypt Parliament's Budget Committee Fakhri El-Fiqi.

World - Region
6/9/2023 12:41:44 PM
Saudi Foreign Minister Prince Faisal bin Farhan confirmed Thursday that normalization with Israel is in the interest of the region, but the Palestinian issue must be addressed first.

Business - Markets & Companies
6/8/2023 10:48:09 AM
Renewed fears that the US Federal Reserve will lift interest rates next week sent most markets into reverse Thursday, tracking losses across Wall Street and Europe, while traders were looking for measures from China to boost growth.

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