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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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Al-Ahram Weekly
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Egypt
2/16/2023 4:34:00 PM
The government is selling stakes in 32 state-owned companies.
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Business
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Economy
1/31/2023 10:54:58 PM
Lebanon from Wednesday will shift its long-standing official exchange rate to 15,000 pounds against the dollar, a central bank source said -- an almost 90 percent devaluation amid a years-long economic crisis.a
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Business
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Economy
1/30/2023 8:57:13 PM
The Egyptian pound slipped to a new low at over EGP 30 against the US dollar on Monday as the country battles rising inflation and a shortage in foreign currency sparked by the global economic crisis.
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World
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Region
1/25/2023 1:02:28 PM
Hundreds of protesters rallied Wednesday near the Central Bank in the Iraqi capital, Baghdad, angered by the recent devaluation of the Iraqi dinar and demanding the government take action to stabilize the currency.
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Al-Ahram Weekly
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Egypt
1/23/2023 9:59:00 AM
A week after the third devaluation of the pound in nine months, what is the outlook for the local currency?
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Business
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Economy
12/28/2022 3:46:18 PM
The Egyptian pound has lost over 25 percent of its value against the US dollar since March, when the Russia-Ukraine conflict started.
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Egypt
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Health
12/26/2022 9:23:31 PM
Egypt’s biggest children's cancer hospital 57357 -- which mainly relies on donations -- is fighting for survival as the country braces up to face the consequences of another possible devaluation of the Egyptian pound and fights to reduce the impact of the global economic crisis.
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Al-Ahram Weekly
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Egypt
12/22/2022 1:47:00 PM
Two devaluations, a new IMF deal, and multi-billion dollars’ worth of asset sales to Gulf investors are some of the features of the economic scene on the year of the war.
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Al-Ahram Weekly
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Egypt
12/1/2022 8:12:00 PM
The Egyptian stock market has been doing healthy business since October’s devaluation.
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Egypt
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Politics
11/1/2022 8:21:22 PM
The Senate – Egypt's consultative upper house - approved on Monday legislative amendments to a 2017 law that regulates government compensations paid out to contractors who suffer losses due to IMF-inspired liberalization policies, such as the EGP devaluation, and due to the phasing out of fuel subsidies.
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Business
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Economy
10/23/2022 3:49:10 PM
Egypt’s Prime Minister Mostafa Madbouly affirmed on Sunday that Egypt prioritises curbing inflation over the issue of exchange rate, stressing that the devaluation of the Egyptian pound does not mean that the economy is in a bad situation.
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