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Al-Ahram Weekly
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Economy
9/2/2023 9:43:00 AM
The hike that the Central Bank of Egypt (CBE) applied to Egypt’s key interest rates last week could be a sign of further hikes up until the end of 2023 since three further meetings of the CBE’s Monetary Policy Committee (MPC), responsible for deciding on interest rates, have yet to be held.
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Al-Ahram Weekly
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Opinion
8/1/2023 8:10:33 PM
The current economic challenges present an opportunity for Egypt to reevaluate its policies, writes Gamal Wagdy
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Business
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Economy
7/30/2023 6:44:33 PM
Egyptian companies operating in the consumer sector are expected to achieve higher profits during the fourth quarter of 2023, according to a report by HSBC Global Research published on Friday.
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Business
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Economy
7/25/2023 6:56:27 PM
The International Monetary Fund (IMF) has raised its projections for Egypt’s inflation in 2023 and 2024 to 24.4 percent and 32 percent, respectively, up from 21.6 percent in 2023 and 18 percent in 2024 as projected in April, according to Deputy Director of the Research Department Petya Koeva Brooks.
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Al-Ahram Weekly
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Opinion
7/1/2023 5:51:00 PM
No further devaluation of the Egyptian pound is in the works. President Abdel- Fattah Al-Sisi told a youth conference last week that while Egypt is flexible on the exchange rate regime, the government can’t stand still when it affects and lives the livelihoods of Egyptians.
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Business
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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.
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Al-Ahram Weekly
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Egypt
6/21/2023 6:07:00 PM
President Abdel-Fattah Al-Sisi appears to rule out any further devaluation of the pound.
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Al-Ahram Weekly
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Opinion
6/17/2023 9:35:00 AM
Further devaluation of the pound would not enhance exports or reduce imports and would fall short of resolving the balance-of-payments gap.
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Al-Ahram Weekly
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Egypt
6/6/2023 9:30:53 PM
Amid speculation on a looming devaluation the government is taking measures to preserve hard currency and attract more investment, writes Niveen Wahish
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Business
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Economy
5/14/2023 2:59:05 PM
Fitch Solutions said that the fourth Egyptian pound devaluation will occur in the context of progress on the divestment strategy Egypt is enacting. Egypt is currently working on reducing the government footprint in the economic activity for the private sector; chiefly through its initial public offering (IPO) and privatization programmes.
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Al-Ahram Weekly
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Opinion
5/9/2023 7:25:08 PM
A further devaluation of the Egyptian pound is not in itself the panacea for Egypt’s economic woes
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Business
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Economy
5/3/2023 5:44:43 PM
Egypt will hold an international press conference soon to announce some important updates on its economic situation and answer the most relevant questions on different issues, Prime Minister Mostafa Madbouly announced in a cabinet statement on Wednesday.
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Business
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Economy
5/3/2023 3:06:52 PM
Adopting a flexible exchange rate regime under the current IMF loan programme for Egypt is key to attract more investors, ensure hard currency liquidity and raise confidence in the economy, said Jihad Azour, the director of the Middle East and Central Asia Department at the fund.
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Business
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Economy
5/3/2023 10:34:30 AM
Egypt’s total governmental gross debt is expected to rise to 92.9 percent of GDP in 2023, up from 88.5 percent in 2022, before cooling to 87 percent in 2024, the highest among the emerging market and middle income countries, the International Monetary Fund (IMF) said on Wednesday.
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Business
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Economy
4/14/2023 1:07:48 AM
Ahram Online spoke to the President of the World Bank Group (WBG) David Malpass during the International Monetary Fund's (IMF) and World Bank Group's (WBG) spring meetings currently held in Washington DC.
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Business
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Economy
4/7/2023 12:31:00 PM
Egypt's trade balance deficit recorded $2.48 billion in January 2023, a 47 percent drop from the $4.68 billion figure recorded in the same month in 2022. This is largely due to the devaluation of the Egyptian pound, which leads to decreased imports.
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Al-Ahram Weekly
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Features
3/28/2023 8:41:25 PM
Globalisation and devaluation have been having a strong impact on the tastes and brewing and roasting in Egypt.
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Al-Ahram Weekly
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Egypt
3/25/2023 6:26:00 PM
The prices of the Islamic pilgrimage have soared this year due to the appreciation of the dollar against the pound.
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Al-Ahram Weekly
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Egypt
3/7/2023 9:42:26 PM
Falling sales coupled with a surge in prices do not mean that vehicle prices will not go up again
in the near future, reports Amira Hisham
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Al-Ahram Weekly
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Egypt
2/18/2023 10:11:00 AM
The depreciation of the pound is putting at stake the schooling of some students.
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