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Business
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Economy
10/16/2024 9:26:34 PM
The International Monetary Fund (IMF) released a survey of prospects and policies on Wednesday detailing a significant inflationary episode that has unfolded over the past three years, particularly following the COVID-19 pandemic. Here are the key takeaways from the report:
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Business
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Economy
10/15/2024 6:05:33 PM
The International Monetary Fund (IMF) anticipates the global public debt to surpass $100 trillion by the end of 2024, equating to approximately 93 percent of the GDP.
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Business
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Markets & Companies
10/13/2024 5:57:34 PM
Egyptian Exchange (EGX) indexes declined at the close of the Sunday trading session, the first session of the week, prompted by sales by institutions and foreign, local, and Arab investment funds against purchases by foreign, Arab, and Egyptian investors.
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Egypt
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Courts & Law
10/10/2024 7:26:07 PM
The Administrative Control Authority (ACA), in collaboration with the National Security Sector of the Ministry of Interior, announced on Thursday that it had arrested an organized gang specialized in recruiting youth for online betting, operating in several governorates across Egypt.
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Business
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Economy
10/3/2024 9:13:24 PM
The International Monetary Fund (IMF) will commence the fourth review of Egypt's Extended Fund Facility (EFF) loan programme in November through an IMF mission visiting Cairo, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat announced on Thursday.
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Business
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Markets & Companies
10/1/2024 5:31:07 PM
The Egyptian Exchange (EGX) indices recorded collective increases at the closing of Tuesday’s trading session, backed by purchases by institutions, Arab investment funds, and Egyptian and foreign investors against sales by local and foreign institutions and Arab investors.
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War on Gaza
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War on Gaza
9/27/2024 7:03:00 PM
Saudi Arabia’s top diplomat said on Thursday that his country will launch an international coalition to establish a Palestinian state in line with the two-state solution, stressing that statehood is a fundamental right for Palestinians and a cornerstone of regional peace.
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Egypt
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Foreign Affairs
9/27/2024 2:25:00 PM
Minister of Foreign Affairs Badr Abdelatty has called on the BRICS group to play a pivotal role in reforming the international financial structure and providing adequate funding to developing nations.
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Business
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Markets & Companies
9/22/2024 6:05:31 PM
Egyptian Exchange (EGX) indexes posted collective gains at the end of Sunday's trading session backed by purchases by Arab investment funds and Egyptian and foreign investors.
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War on Gaza
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War on Gaza
9/22/2024 10:01:44 AM
Israeli occupation troops raided the offices of the satellite news network Al Jazeera in the Israeli-occupied West Bank early Sunday, ordering the bureau to shut down amid a widening campaign by Israel targeting the Qatar-funded broadcaster as it covers the Israeli war on the Gaza Strip.
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World
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International
9/21/2024 6:33:17 PM
Cash-strapped Sri Lanka voted for its next president Saturday in an effective referendum on an unpopular International Monetary Fund austerity plan enacted after the island nation's unprecedented financial crisis.
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Business
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Markets & Companies
9/19/2024 7:06:30 PM
Egyptian Stock Exchange indices recorded collective increases at the closing of Thursday's trading session, backed by purchases by institutions, Arab investment funds and Egyptian and foreign investors against sales by local and foreign institutions and Arab investors.
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Business
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Economy
9/19/2024 6:02:09 PM
Prime Minister Mostafa Madbouly appointed Central Bank of Egypt’s (CBE) governor Hassan Abdalla as the country's representative in three International Financial Institutions (IFIs), including the International Monetary Fund (IMF), African Development Bank, and the Arab Monetary Fund (AMF).
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World
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International
9/18/2024 6:19:31 PM
The European Union on Wednesday began the process of clawing back hundreds of millions of euros in funds meant to go to Hungary after its ant-migrant government refused to pay a huge fine for breaking the bloc’s asylum rules.
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Business
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Economy
9/17/2024 8:43:34 PM
A total of 131,000 Egyptians have invested in state gold investment funds, totalling EGP 925 million since their launch, Chairman of the Financial Regulatory Authority (FRA) Mohamed Farid Saleh announced on Tuesday.
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World
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Africa
9/17/2024 2:41:56 PM
Green Climate Fund chief Mafalda Duarte is on a mission to help vulnerable nations that have yet to receive a penny from the world's largest dedicated source of climate finance.
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Business
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Economy
9/16/2024 10:18:59 PM
Saudi Crown Prince Mohammed bin Salman announced in his meeting with Prime Minister Mostafa Madbouly that the Saudi Public Investment Fund (PIF) will invest $5 billion in Egypt as part of an initial phase, according to the Egyptian cabinet.
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Business
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Economy
9/13/2024 1:20:00 PM
President Abdel-Fattah El-Sisi has issued a presidential decree to approve Egypt's membership at the Fund for Export Development in Africa (FEDA), the Egyptian official gazette said.
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Business
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Markets & Companies
9/12/2024 5:23:29 PM
Egyptian Exchange (EGX) indexes showed mixed performance at the close of Thursday's trading amid sales operations by Arab and Egyptian funds.
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Business
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Markets & Companies
9/10/2024 4:58:54 PM
Egyptian Exchange (EGX) indexes receded on Tuesday on the back of sales by Arab and local institutions and investment funds.
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