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Business
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Economy
10/25/2024 4:27:39 PM
Raising the yields on US dollar-denominated certificates and other deposits by Banque Misr does not indicate an expected devaluation of the local currency or problems regarding the availability of the US dollar in the local market, financial market analyst Ahmed Moaty told Ahram Online.
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World
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Africa
9/22/2024 3:42:30 PM
In a small fashion store in Ethiopia's capital, Medanit Woldegebriel's dresses have almost doubled in price in the past two months, sending customers fleeing.
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Business
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Economy
8/5/2024 7:33:45 PM
The US dollar reached its highest level against the Egyptian pound on Monday since 7 March, only a day after Egypt’s last EGP devaluation decision, according to the Central Bank of Egypt's (CBE) official website.
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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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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
7/22/2024 8:03:51 PM
Egypt’s external debt has decreased by 8.43 percent after hitting $153.86 billion at the end of May 2024 compared to $168.03 billion at the end of December 2023, according to an official source at the Central Bank of Egypt (CBE).
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Business
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Economy
7/8/2024 1:53:15 PM
Egyptian expats' remittance inflows rose in May for the third consecutive month by 73.8 percent (YoY) to reach around $2.7 billion, up from around $1.6 billion posted in May 2023, the Central Bank of Egypt (CBE) announced on Monday.
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Life & Style
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Health
7/2/2024 11:05:35 AM
The Egyptian Federation for Animal Welfare estimated that around 100 million street and stray cats exist in Egypt, much higher than the estimated 15 million dogs.
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Business
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Economy
6/6/2024 6:37:32 PM
In the dynamic commerce arena, the convergence of boycott movements against Israeli-backed products and the decrease in production costs resulting from the devaluation of the Egyptian pound has ignited a remarkable surge in the local industry.
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Business
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Economy
5/19/2024 10:43:56 PM
Fitch Ratings has revised its outlook on four Egyptian banks to positive from stable, affirming their long-term issuer default ratings at B-, the US-based credit rating agency announced on Saturday.
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Business
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Economy
5/10/2024 7:01:58 PM
Exchange bureaus affiliated with Egypt's three largest state-owned banks have collected foreign currency proceeds surpassing EGP 25.550 billion since the devaluation of the Egyptian pound on 6 March, reported Egyptian news agency MENA on Friday.
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Al-Ahram Weekly
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Economy
5/2/2024 10:42:00 PM
Al-Ahram Weekly investigates the reasons behind the recent waning demand in Egypt’s real-estate market.
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Business
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Economy
3/29/2024 6:09:44 PM
The exchange companies affiliated with Egypt's three largest state-owned banks have collected foreign currency proceeds surpassing EGP 7.5 billion in total since the devaluation of the Egyptian pound on 6 March, the companies' chiefs told the state news agency MENA.
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Al-Ahram Weekly
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Egypt
3/14/2024 11:27:00 PM
The Central Bank of Egypt’s landmark decision to float the Egyptian pound was the latest in a long history of devaluations.
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Al-Ahram Weekly
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Egypt
3/13/2024 10:16:00 PM
Al-Ahram Weekly looks at the pros and cons of the devaluation and high-interest rates.
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Al-Ahram Weekly
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Egypt
3/12/2024 8:28:53 PM
Al-Ahram Weekly gauges people’s concerns following the liberalisation of the exchange rate.
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Al-Ahram Weekly
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Egypt
3/12/2024 8:24:21 PM
With devaluation off the to-do list, what next for policy-makers, asks Niveen Wahish
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Business
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Economy
1/31/2024 4:36:22 PM
The US dollar rate in Egypt’s currency parallel market has soared to a new peak, hitting EGP 72 per USD, multiple sources in the local market reported to Ahram Online.
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Business
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Economy
1/30/2024 1:32:22 PM
S&P Global Rating Agency expects that Egypt is likely to devalue its currency to align it more accurately with the parallel market rate, according to a recent report released by the agency.
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Business
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Economy
1/22/2024 2:40:20 PM
Egypt may devalue the Egyptian pound to bridge the gap with its traded rate in the parallel market, said Fakhry El-Fiqi, head of the Planning and Budget Committee in the House of Representatives.
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