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Al-Ahram Weekly - Economy
5/13/2022 5:44:00 PM
With the US Federal Reserve raising interest rates again last week, what will a stronger dollar mean for the pound.

Business - Economy
5/9/2022 6:17:11 PM
Gold prices in the Egyptian market saw a fluctuation on Monday amid the uncertainty cast by an expected rise in the US dollar price and inflation caused by the Russian war in Ukraine, as well as rising food and energy prices.

Business - Economy
5/8/2022 10:08:44 PM
After a nine-day holiday due to Eid El-Fitr and Labour Day celebrations, Egypt’s banking sector resumed work on Sunday amid calm as the Egyptian pound remained stable despite the US Federal Reserves' recent decision to raise interest rates.

Business - Economy
4/28/2022 4:40:00 PM
The Central Bank of Egypt (CBE) offered on Thursday one-year maturity US dollar-dominated treasury bills (T-bills) worth $1 billion.

Al-Ahram Weekly - Economy
4/19/2022 9:21:00 PM
The government’s decision to ban imports from unregistered producers is meant to encourage local production and decrease demand for the dollar, experts tell Nahla Abul-Ezz

Al-Ahram Weekly - Economy
4/15/2022 5:45:00 PM
Egypt’s car market is in limbo following decisions leading to the depreciation of the pound and a rise in interest rates.

Al-Ahram Weekly - Egypt
4/6/2022 11:48:00 AM
New deposit certificates offering an 18 per cent interest rate have seen a huge public turnout.

War in Ukraine - Economy
4/5/2022 3:59:10 PM
The United States starting Tuesday will bar Russia from making debt payments using funds held at American banks, ramping up the economic pain on Moscow over its invasion of Ukraine, the US Treasury said.

War in Ukraine - Economy
3/29/2022 1:26:22 PM
Europe's already high gas prices have gyrated since Russian President Vladimir Putin announced plans to have importers pay for Russian natural gas in rubles instead of dollars and euros.

World - International
3/24/2022 8:39:00 PM
In an interview with Al-Ahram, Kenneth Rogoff, professor of economics at Harvard University, warns of a new iron curtain that Europe will witness and anticipates the dimensions of the economic crisis that has begun to afflict the world, the future of the dollar, and the impact of sanctions on Russia and the West.

Business - Economy
3/23/2022 5:36:02 PM
The USD’s value declined on Wednesday against the Egyptian Pound (EGP) by the end of Wednesday’s trading session following two days of increase.

Business - Economy
3/22/2022 2:45:35 PM
Proceeds from certificates of deposit offered by state-owned banks on Monday – the National Bank of Egypt (NBE) and Banque Misr – reached EGP 13 billion in the first day of offering, the two banks announced on Tuesday.

Business - Economy
3/21/2022 10:19:12 PM
The Egyptian pound has plunged to its lowest value in nearly five years against the US dollar, trading at EGP 18.1 for buying and EGP 18.2 for selling by closing time at banks on Monday, down from EGP 15.6 and EGP 15.7 respectively the night before, according to the Central Bank of Egypt (CBE).

Business - Economy
3/21/2022 12:57:00 PM
In an unscheduled meeting, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) raised key interest rates by one percent for the first time since 2017.

Sports - World
3/21/2022 11:12:17 AM
Socceroos head coach Graham Arnold has been fined 25,000 Australian dollars ($18,500) for taking a walk on a Sydney beach while he was supposed to be self isolating after testing positive for COVID-19.

War in Ukraine - Economy
2/28/2022 1:01:47 PM
Russia's Central Bank has sharply raised its key rate from 9.5% to 20% in a desperate attempt to shore up the plummeting ruble which has sunk nearly 26% against the US dollar.

World - International
2/15/2022 12:22:54 PM
Canada is sending lethal military weaponry to Ukraine and loaning Kyiv Can$500 million to help defend itself in the face of Russian aggression, Prime Minister Justin Trudeau announced Monday.

World - Region
2/2/2022 9:25:03 PM
The UN Industrial Development Organization (UNIDO) announced on Wednesday that it has secured 3.7 million euros (4.19 million US dollars) from the European Union to finance renewable energy projects in Lebanon, the National News Agency (NNA) reported.

Sports - Omni sports
1/27/2022 11:59:22 AM
The finance model for the Winter Olympics calls for the host country to spend several billion dollars, the IOC to earn a couple billion, and sports bodies to share around hundreds of millions.

World - Region
1/25/2022 7:33:28 PM
A US-based casino operator on Tuesday announced plans to develop a multi-billion-dollar resort off the coast of the United Arab Emirates, a Muslim state in the Gulf where gambling is prohibited.

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