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Business - Economy
2/22/2024 12:17:12 PM
The Central Bank of Egypt (CBE) released the core set of financial inclusion indicators for 2023, highlighting a notable rise in the country's financial inclusion rates.

Business - Economy
2/21/2024 3:36:54 PM
Egypt's national project to provide employment opportunities for youth, Mashrouak (meaning "your project”), achieved its highest lending rate since its launch in 2015, reaching EGP 200 million across 852 projects in January 2024.

Al-Ahram Weekly - Egypt
2/13/2024 9:49:00 PM
Safeya Mounir finds out why Egypt’s inflation rates cooled in January

Egypt - Foreign Affairs
2/10/2024 10:22:57 PM
Prime Minister Mostafa Madbouly highlighted on Saturday Cairo's keenness to increase the rates of trade exchange and investment between Egypt and Bulgaria.

Egypt - Society
2/6/2024 6:46:02 PM
Dollar exchange rate and Red Sea tensions are among key reasons behind the significant surge in coffee prices that Egypt has been recently witnessing, Hassan Fawzy, head of the Coffee Division at Cairo Chamber of Commerce, said on Tuesday.

Business - Economy
2/1/2024 9:04:15 PM
The Central Bank of Egypt has raised the key interest rates by two percent.

Business - Markets & Companies
2/1/2024 7:18:53 PM
The Egyptian Exchange (EGX) saw diverse performance in the week concluding on 1 February as investors awaited the Central Bank of Egypt's decision on key interest rates.

Business - Economy
2/1/2024 1:02:03 PM
The 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63, with short-term contracts also following this upward trend, according to Bloomberg.

Al-Ahram Weekly - Economy
2/1/2024 10:34:00 AM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is to hold its first meeting for 2024 on Thursday to review key interest rates amid unprecedented economic challenges. The CBE’s next move on interest rates is unpredictable.

Business - Economy
1/31/2024 6:55:56 PM
Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Ahram Online that Egypt's GDP growth rate could increase by 5-6 percent if the government allows the private sector to play a leading role in Egypt's economy and reconsiders the role of the public sector.

Business - Economy
1/31/2024 4:36:22 PM
The US dollar rate in Egypt’s currency parallel market has soared to a new peak, hitting EGP 72 per USD, multiple sources in the local market reported to Ahram Online.

Sports - World
1/30/2024 4:51:12 PM
Uzbekistan will face hosts and holders Qatar in the Asian Cup quarter-finals after highly rated Abbosbek Fayzullaev hit the winner in a 2-1 victory over Thailand on Tuesday.

Business - Economy
1/30/2024 3:06:10 PM
The International Monetary Fund (IMF) has downgraded its forecasts for Egypt’s real GDP growth in the current FY2023/2024 to three percent, down from the 3.6 percent it projected in October, according to the updated World Economic Outlook (WEO) report released on Tuesday.

Business - Economy
1/30/2024 1:32:22 PM
S&P Global Rating Agency expects that Egypt is likely to devalue its currency to align it more accurately with the parallel market rate, according to a recent report released by the agency.

Business - Economy
1/30/2024 1:21:18 PM
European shares rose Tuesday after a mixed day of trading in Asia, where Hong Kong and Shanghai declined on renewed selling of property and technology shares.

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 - Markets & Companies
1/24/2024 3:57:16 PM
Gold prices broke all records on Wednesday with the gold pound coin exceeding EGP 30,000 for the first time.

Business - Economy
1/24/2024 1:11:51 PM
The Egyptian pound’s forward exchange rate against the US dollar for one-year contracts reached a new peak at EGP 54.26 on Tuesday, according to Reuters.

Business - Markets & Companies
1/23/2024 4:09:51 PM
The Egyptian Exchange's (EGX) main index dropped by 1.65 percent on Tuesday, with the market cap losing EGP 17 billion, while gold prices increased.

Egypt - Society
1/23/2024 1:59:16 PM
Egypt's total seafood production has reached about 2.1 million tons in 2023, with around 85 percent self-sufficiency rate, according to the Lakes and Fish Resources Protection and Development Agency, with efforts to bridge the supply and demand gap through importing high-quality seafood from countries like Norway.

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