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Business
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Economy
3/10/2024 1:50:00 PM
Head of Egypt’s Banks Federation Mohamed El-Etreby urged caution amid an influx of hard currency into Egypt in the form of hot money following the flotation of the Egyptian pound and an increase in interest rates.
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Business
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Economy
3/8/2024 2:16:58 PM
Credit-rating company Moody's Ratings (Moody's) has revised the outlook on Egypt to positive from negative amid game-changing economic measures, including the flotation of the Egyptian local currency and an increase in interest rates.
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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 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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Business
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Economy
3/6/2024 5:16:55 PM
The National Bank of Egypt (NBE) and Banque Misr (BM), Egypt’s largest state-owned banks, announced on Wednesday the launch of three-year certificates of deposits (CDs) with initial annual interest rates of up to 30 percent, which decrease gradually.
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Business
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Economy
3/6/2024 4:41:00 PM
The Egyptian pound experienced a significant drop on Wednesday, declining by 62 percent to approximately EGP 50.1 against the US dollar and EGP 54.5 against the euro.
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Business
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Markets & Companies
3/6/2024 1:54:00 PM
The Egyptian Exchange (EGX) indexes hit a record high during Wednesday's trading, pushed by large purchases after a Central Bank of Egypt (CBE) decision to increase interest rates.
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Business
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Economy
3/6/2024 1:14:00 PM
The Central Bank of Egypt (CBE) decided on Wednesday morning to allow market forces to determine the value of the Egyptian pound (EGP), while simultaneously raising interest rates by 6 percent.
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Business
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Markets & Companies
3/5/2024 5:32:15 PM
The price of gold on Tuesday struck an all-time pinnacle, boosted by its haven status ahead of expected cuts to US interest rates amid growing economic gloom.
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Sports
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World
2/16/2024 5:50:43 PM
Tottenham boss Ange Postecoglou on Friday brushed off talk that he could replace Jurgen Klopp at Premier League leaders Liverpool, saying the rumours were of "no interest" to him.
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Al-Ahram Weekly
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World
2/13/2024 8:23:40 PM
Iran-linked attacks on US interests in the region are ongoing, Karam Said reports
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Sports
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World
2/8/2024 2:11:48 PM
Brentford manager Thomas Frank has claimed Ivan Toney could stay with the club next season despite interest from Premier League rivals.
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World
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Region
2/6/2024 9:29:52 PM
US Secretary of State Antony Blinken said Tuesday that Saudi Arabia's crown prince reiterated an interest in ties with Israel but wants an end to the war on Gaza.
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World
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Africa
2/6/2024 2:04:09 PM
Ethiopian Prime Minister Abiy Ahmed has played down fears of a war with Somalia over his quest for sea access for his landlocked country, saying Tuesday that Ethiopia is only interested in peace with its neighbor.
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Business
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Energy
2/4/2024 8:08:48 PM
European countries show growing interest in Egypt's significant potential in renewable energy. Hence, Egypt can play a crucial role in supplying European markets with renewable electricity, contributing to environmental improvement, creating new job opportunities, and boosting economic growth and trade.
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Sports
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Egyptian Football
2/4/2024 3:14:08 PM
Ittihad of Alexandria President Mohamed Moselhi announced that Angola striker Mabululu had already signed a three-year contract extension with the club, amid international interest in the player for his impressive performances in the ongoing 2023 Africa Cup of Nations (AFCON).
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World
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Region
2/3/2024 11:28:46 PM
The United States and Britain struck 36 Houthi targets in Yemen on Saturday in a second wave of assaults meant to further disable Iran-backed groups that have relentlessly attacked American and international interests in the wake of the Israel-Hamas war.
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Sports
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Omni sports
2/3/2024 10:13:36 PM
Tunisian tennis star Ons Jabeur on Saturday threw her support behind the potential staging of the WTA Finals in Saudi Arabia, urging critics to be "more informed" on the Kingdom's interest in the sport.
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Business
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Economy
2/1/2024 9:04:15 PM
The Central Bank of Egypt has raised the key interest rates by two percent.
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Business
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Markets & Companies
2/1/2024 7:18:53 PM
The Egyptian Exchange (EGX) saw diverse performance in the week concluding on 1 February as investors awaited the Central Bank of Egypt's decision on key interest rates.
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