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Business - Economy
7/18/2024 7:46:41 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) opted to maintain the overnight deposit rate, overnight lending rate, and the rate of the main operation. The discount rate was also held steady at 27.25 percent, 28.25 percent, 27.75 percent, and 27.75 percent, respectively.

Al-Ahram Weekly - Economy
7/18/2024 1:12:00 PM
Egypt’s interest rates are likely to remain unchanged for now, according to experts.

Business - Markets & Companies
7/17/2024 3:08:52 PM
Europe's stock markets slid Wednesday as stronger-than-expected UK inflation data doused hopes of a British interest rate cut any time soon.

Business - Economy
7/17/2024 1:51:30 PM
Britain's inflation rate held steady in June after returning to the Bank of England's target the previous month, official data showed Wednesday, confounding expectations for another modest slowdown.

Business - Economy
7/16/2024 10:58:30 PM
A senior US central bank official said in remarks prepared for delivery Tuesday that it might be apt to lower interest rates sooner rather than later if the job market cools "too much."

Business - Markets & Companies
7/16/2024 8:34:34 PM
The price of gold soared Tuesday to a record peak, propelled by trader expectations of falling US interest rates in September as inflation cools.

Business - Economy
7/16/2024 6:53:51 PM
The International Monetary Fund has revised down its projection for Egypt’s real GDP growth by 0.3 percent in both the recently concluded FY2023/2024 and the current FY2024/2025 to 2.7 percent and 4.1 percent, respectively, according to an update to its World Economic Outlook (WEO) report released on Tuesday.

Business - Markets & Companies
7/15/2024 6:53:49 PM
US stocks are rising toward records Monday as Wall Street’s momentum keeps driving it upward.

Business - Economy
7/10/2024 10:55:48 PM
BMI, a Fitch Solutions company, expected the Central Bank of Egypt (CBE) to keep its monetary tightening policy on hold, which means keeping the current key interest rates unchanged till the end of 2024 in response to the downturn path of the country’s inflation.

Business - Economy
7/10/2024 11:08:32 AM
Egypt’s headline annual inflation rate kept its downturn path in June, for the fourth consecutive month, decelerating to 27.1 percent compared to 27.4 percent seen in May, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Wednesday.

Business - Economy
6/29/2024 7:02:02 PM
Anna Bjerde, the World Bank’s Managing Director for Operations, stressed to Ahram Online (AO) that the recent measures taken by Egypt, particularly in monetary policy and the liberalization of the exchange rate, were necessary to restore balance and stability to the economy

World - International
6/25/2024 3:27:44 PM
Alcohol kills nearly three million people annually, the World Health Organization said on Tuesday, adding that while the death rate had dropped slightly in recent years it remained "unacceptably high".

Business - Economy
6/24/2024 7:55:57 PM
European stock markets rebounded on Monday despite jitters over the first round of French elections taking place this weekend.

Business - Economy
6/24/2024 6:37:49 PM
The Egyptian pound's performance against the US dollar has fluctuated since the last depreciation of the local currency by the Central Bank of Egypt (CBE) on 6 March in line with its commitments to a flexible exchange rate regime under the $8 billion loan deal with the International Monetary Fund (IMF).

Business - Economy
6/17/2024 5:49:00 PM
Egypt is considering regular reviews to increase the "zero-tax bracket" following inflation rates as part of the new income tax bill, Minister of Finance Mohamed Maait announced Monday.

Business - Economy
6/12/2024 9:53:54 PM
The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March.

Business - Economy
6/12/2024 6:11:56 PM
Stock markets surged Wednesday after data showed US inflation slowed in May, raising hopes the Federal Reserve will cut interest rates later this year.

Business - Economy
6/10/2024 8:11:15 PM
Egypt’s core inflation declined for the third consecutive month in May, reaching 27.1 percent, compared to 31.8 percent in April, the Central Bank of Egypt (CBE) announced on Monday.

War on Gaza - War on Gaza
6/10/2024 7:34:50 PM
Israel is trying to increase pressure on Palestinians by killing an average of 2,000 people each month since the start of the war and withholding as much humanitarian aid as possible, according to a recent report by the Organization of Islamic Cooperation Media Observatory for Israel’s Crimes Against Palestinians.

Business - Economy
6/10/2024 4:04:58 PM
After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts.

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