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Sports
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World
1/21/2025 3:00:23 PM
Bayern Munich has signed highly rated German midfielder Tom Bischof from Bundesliga rival Hoffenheim for next season.
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Business
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Markets & Companies
1/9/2025 8:28:47 PM
European and Asian stock markets diverged Thursday, investors tracking the outlook for inflation and US interest rates as Donald Trump's second presidency approaches.
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Business
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Economy
1/9/2025 2:23:23 PM
Egypt’s annual headline inflation rate decelerated to 23.4 percent in December, down from 25 percent recorded in November, according to the readings released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday.
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Al-Ahram Weekly
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Economy
1/9/2025 10:06:00 AM
The past few weeks have seen the government reiterate its support for the private sector in Egypt in multiple ways.
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Business
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Economy
12/31/2024 5:15:38 PM
Private investments reached EGP 133.1 billion at constant prices in the first quarter (Q1) of FY2024/2025, approximately 63.5 percent of total investments, registering a 30 percent growth rate compared to Q1 of FY2023/2024, according to data published by the Ministry of Planning, Economic Development, and International Cooperation on Tuesday.
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Business
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Economy
12/31/2024 2:41:03 PM
The real GDP growth rate recovered to 3.5 percent during the first quarter (Q1) of the fiscal year (FY) 2024/2025, from 1 July to 30 September, compared to 2.7 percent during the same period in FY2023/2024.
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Al-Ahram Weekly
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Egypt
12/31/2024 9:17:00 AM
It was a year that started with an agreement with the International Monetary Fund and ended with negotiations to soften its terms.
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Business
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Economy
12/26/2024 8:37:51 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to keep key interest rates unchanged for the sixth consecutive time during its final meeting for 2024 held on Thursday.
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Business
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Economy
12/26/2024 11:38:00 AM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will hold its final meeting for 2024 on Thursday to review the key interest rates in light of the most recent local and global macroeconomic indices, mainly the inflation rates trend.
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Business
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Economy
12/24/2024 7:15:11 PM
The Egyptian pound exchange rate has fluctuated over the past three weeks in line with the IMF’s fourth review to reach EGP 50.97/$1 for selling and EGP 50.83/$1 for buying, marking a 0.33-percent decline, compared to EGP 51.14/$1 for selling and EGP 51/$1 for buying on Monday.
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Egypt
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Tourism
12/23/2024 1:06:18 PM
The number of tourist arrivals in Egypt is expected to reach around 15.3 million by the end of 2024, reflecting an annual growth rate of approximately five percent from 2023, Minister of Tourism and Antiquities Sherif Fathy said.
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Business
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Economy
12/19/2024 6:09:25 PM
The Egyptian pound exchange rate rose slightly by 1.84 percent on Thursday, reaching EGP 50.98/$1, up from EGP 50.06/$1 on 5 December, according to the Central Bank of Egypt (CBE).
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Business
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Markets & Companies
12/18/2024 1:24:57 PM
Stock markets mostly climbed and the dollar steadied against main rivals Wednesday with the US Federal Reserve set to cut interest rates.
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Business
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Economy
12/12/2024 6:15:08 PM
The Egyptian pound exchange rate increased slightly on Thursday by 1.7 percent to EGP 50.91/$1, compared to EGP 50.06/$1 last Thursday, according to the Central Bank of Egypt (CBE).
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Business
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Markets & Companies
12/11/2024 6:48:45 PM
US and European stock markets rose on Wednesday after inflation data cemented expectations that the Federal Reserve will trim interest rates next month.
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Al-Ahram Weekly
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Economy
12/11/2024 5:48:00 PM
As the government waits for the International Monetary Fund (IMF) to sign off on the fourth review of its $8 billion Extended Fund Facility (EFF) loan to Egypt, it is continuing to implement the pledges it undertook in its letter of intent.
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Business
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Markets & Companies
12/10/2024 9:10:38 PM
Global stock markets diverged Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.
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Business
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Economy
12/10/2024 5:43:31 PM
The Central Bank of Egypt (CBE) announced Tuesday that the annual core inflation rate continued its downward trend for the third consecutive month, dropping to 23.7 percent in November from 24.4 percent in October.
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Business
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Economy
12/9/2024 7:53:14 PM
The Egyptian pound exchange rate slightly increased on Monday by 0.54 percent to EGP 50.58/$1, compared to EGP 50.31/$1 on Sunday, according to the official rates of the Central Bank of Egypt (CBE).
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Egypt
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Society
12/9/2024 1:23:52 PM
The implementation rate for the first phase of the Haya Karima initiative reached 85.5 percent by the end of November, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat said in a statement.
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