COP27
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Climate change
11/9/2022 5:40:40 PM
The 2022 UN Climate Change Conference (COP27) in Egypt's Sharm El-Sheikh city saw the launch of the UN-backed Africa Carbon Markets Initiative (ACMI) on Tuesday with the goal of raising African carbon credits.
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Business
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Economy
10/27/2022 2:23:11 PM
The Central Bank of Egypt (CBE) has raised the exception limit of letters of credit (LCs) for imported shipments from $5,000 to $500,000 starting today, the bank announced on Thursday.
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Business
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Economy
10/27/2022 11:58:24 AM
The Central Bank of Egypt (CBE) announced in a statement released on Thursday that it will begin a process of phasing out letters of credit (LCs) for import finance by December 2022.
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Business
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Economy
10/25/2022 8:31:23 PM
The letters of credit system for imports will be cancelled within two months in coordination with the Central Bank of Egypt (CBE), the Egyptian prime minister said, adding that the national strategy for the Egyptian industry will be launched within three months at maximum.
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World
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International
10/6/2022 10:43:51 AM
Fitch on Wednesday lowered the outlook for its credit rating for British government debt from stable to negative after new Prime Minister Liz Truss announced a crash program of debt-fueled tax cuts.
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Sports
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World
9/15/2022 1:57:34 PM
Massimiliano Allegri is public enemy number one among Juventus fans after a humbling home defeat at the hands of Benfica dealt a heavy blow to their Champions League hopes.
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Al-Ahram Weekly
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Egypt
9/9/2022 2:58:00 PM
Al-Ahram Weekly sounds out opinions on new import procedures designed to make things easier for the business community
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Al-Ahram Weekly
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Egypt
8/30/2022 10:03:52 PM
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Business
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Economy
8/28/2022 8:48:04 PM
Egypt's Prime Minister Mostafa Madbouly has followed up on the steps taken to implement a decision to exempt the importers of production equipment from having to use the Central Bank of Egypt’s (CBE) letter of credit system.
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Sports
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Africa
8/21/2022 10:59:08 PM
Bayern Munich forward Sadio Mane said he is unsurprised by his side's record-breaking start to the season, crediting manager Julian Nagelsmann's intense training sessions and tactical nous.
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Al-Ahram Weekly
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World
8/16/2022 9:32:07 PM
With a string of successes to its credit in Washington, the attention of the US administration is now turning to the nuclear deal with Iran, writes Manal Lotfy
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Business
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Economy
8/11/2022 7:37:23 PM
The European Union expressed concern Thursday that a new US tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules.
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War in Ukraine
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Economy
8/11/2022 11:22:47 AM
Ukraine's lenders agreed to a pause for the payment of its $20 billion (19.4 billion euro) debt, as its economy has been severely impacted by Russia's invasion, the prime minister said.
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Advertising
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Sponsored
8/3/2022 9:50:29 PM
In a world of fierce competition and high business distinction, capital is one of the most significant factors in supporting a business, financing its assets, and funding its operations.
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World
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International
7/21/2022 3:12:47 PM
The European Central Bank raised interest rates Thursday for the first time in 11 years, joining steps already taken by the U.S. Federal Reserve and other major central banks but raising new questions about whether the rush to make credit more expensive will plunge major economies into recession at the price of fighting inflation.
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War in Ukraine
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Economy
7/6/2022 2:01:57 PM
Sri Lanka's President Gotabaya Rajapaksa said Wednesday that he had a telephone call with Russian leader Vladimir Putin to request credit support to import fuel for the island nation that is facing its worst economic crisis in memory.
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Business
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Economy
7/6/2022 12:59:11 PM
Egypt’s Purchasing Managers’ Index (PMI) for the non-oil private sector — released by the American credit rating agency Standard and Poor’s (S&P) — started to inch down in June after its slight climb in May, registering 45.2, down from 47.
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Al-Ahram Weekly
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Economy
6/15/2022 12:58:00 PM
While food items are available in abundant quantities, stocks are running low on imported finished goods.
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War in Ukraine
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Economy
6/9/2022 1:27:17 PM
The European Central Bank is expected Thursday to end a key economic stimulus program and map out its plan to raise interest rates for the first time in more than a decade as it seeks to join the U.S. Federal Reserve and other central banks in tackling high inflation. But it's a delicate balance to not further slow economic growth.
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Al-Ahram Weekly
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Economy
6/7/2022 8:30:30 PM
Supporting the private sector will be one of the Islamic Development Bank’s main priorities as it opens a regional office in Cairo, reports Doaa A. Moneim from Sharm El-Sheikh.
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