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" interest rates"

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Business - Economy
1/28/2024 5:15:47 PM
Egypt's recent gold market crisis could be attributed to a significant disparity between supply and demand, fueled by an overwhelming demand for profit, said Ihab Wassef, head of the Gold and Precious Ores Division at the Federation of Egyptian Industries.

Business - Economy
1/16/2024 9:42:46 PM
The US Federal Reserve is "within striking distance" of reaching its long-term inflation target and could begin cutting interest rates this year, a senior official said Tuesday.

Business - Economy
1/16/2024 6:12:00 PM
Egypt's geopolitical significance demonstrated through its role as a mediator in containing Israel's conflict in Gaza is expected to draw increased foreign financial support, potentially exceeding $5 billion, according to Ramona Moubarak, the head of MENA Country Risk at Fitch Solutions.

Business - Economy
1/11/2024 10:43:56 PM
Gold prices surged 15 percent year-on-year (YoY) to $2,078 per ounce in 2023, its all-time-high, supported by the increased demand by central banks and the geopolitical risks that benefit a haven like gold, according to a report by the World Gold Council (WGC).

Business - Economy
1/11/2024 10:36:34 PM
Wall Street is slipping Thursday after a warmer-than-expected report on inflation forced some investors to push back forecasts for when the Federal Reserve could deliver long-sought cuts to interest rates.

Al-Ahram Weekly - Egypt
1/9/2024 9:37:12 PM
The government started off the year by announcing a new strategy and a set of subsidy reductions, reports Niveen Wahish

Opinion -
1/8/2024 1:10:01 PM
As geopolitical tensions spike and interest rates remain elevated, 2024 is poised to be yet another tumultuous year for the world economy, especially for emerging markets that could struggle to avert a crisis if global growth fails to meet expectations.

Business - Markets & Companies
12/21/2023 7:06:22 PM
The Egyptian Exchange (EGX) was subject to fluctuations that verged on losses during the week that ended on 21 December as investors anticipated the interest rates decision.

Business - Economy
12/21/2023 6:49:54 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) maintained the current key interest rates unchanged in its final meeting for 2023 held on Thursday.

Business - Economy
12/20/2023 7:00:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday in its final meeting for 2023 amid mixed expectations of either raising or maintaining the current key interest rates.

Business - Economy
12/20/2023 1:52:10 PM
The attack against ships in the Red Sea and speculation regarding potential interest rate cuts by the Federal Reserve pushed oil prices higher after reaching the lowest level in six months, according to Kamco Invest’s Oil Market Monthly Report released on Wednesday.

Al-Ahram Weekly - Economy
12/19/2023 5:56:24 PM
A year of trials and errors and then the war on Gaza. Niveen Wahish reports on the way international events have impacted the Egyptian economy

Business - Economy
12/17/2023 6:12:08 PM
Egypt bears an annual burden of over EGP 13 billion due to interest rate differences in loans provided domestically at discounted interest rates for production sectors, covering agricultural, industrial, and tourism activities, Minister of Finance Mohamed Maait said on Sunday.

Business - Economy
12/6/2023 2:02:02 PM
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.

Business - Markets & Companies
12/4/2023 3:25:35 PM
Gold hit a record high on Monday as growing optimism that the Federal Reserve will cut US interest rates in 2024 has dented the dollar in recent weeks.

Business - Economy
11/27/2023 9:51:44 AM
Asian markets dipped Monday as investors look ahead to the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.

Business - Economy
11/23/2023 11:21:42 AM
Oil extended losses Thursday after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities were mixed after two US reports dented recent euphoria over the future of interest rates.

Business - Energy
11/22/2023 7:42:27 PM
Oil prices slumped Wednesday as traders took a delay to an OPEC+ summit meeting as a sign of possible discord, while European and US stocks rose on hopes of an end to the US Federal Reserve's interest rate-hiking cycle.

Business - Economy
11/2/2023 7:29:06 PM
Aligned with expectations, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided at its meeting on Thursday to maintain the key interest rates at their current levels.

Business - Economy
11/1/2023 5:09:44 PM
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is scheduled to hold its penultimate meeting for 2023 on Thursday to review key interest rates amid the latest economic developments on the local and global fronts.

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