|
Business
-
Economy
3/30/2023 8:44:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) raised on Thursday key interest rates for the first time in 2023 by two percent (200 bps) in an attempt to control soaring inflation.
|
|
Business
-
Markets & Companies
3/30/2023 11:37:44 AM
Asian and European markets mostly rose Thursday following a recent run-up, with banking sector worries easing and traders weighing central banks' interest rate plans in the wake of the recent turmoil.
|
|
Business
-
Economy
3/30/2023 11:31:32 AM
Egypt has adjusted its real GDP growth rate target for FY2023/24 down to 4.1%, from the previously targeted 5.5% in December, announced Finance Minister Mohamed Maait.
|
|
Business
-
Economy
3/29/2023 1:40:01 PM
The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) is scheduled to convene on Thursday to review the key interest rates for the second time in 2023 amid broad expectations of a surge in interest rates by up to three percent (300 bps).
|
|
Business
-
Economy
3/28/2023 9:04:58 PM
The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the steps necessary to fix the problems.
|
|
Business
-
Markets & Companies
3/23/2023 2:21:47 PM
Europe's stock markets opened lower Thursday before interest rate calls in Britain, Norway and Switzerland, after the US Federal Reserve hiked borrowing costs despite banking-sector turmoil.
|
|
Business
-
Economy
3/23/2023 12:59:36 PM
The Bank of England has focused on fighting inflation with an 11th consecutive interest rate increase despite concerns about the economic fallout from troubles in the global financial system
|
|
Business
-
Economy
3/22/2023 9:21:09 PM
The US Federal Reserve raised its key rate by another quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to balance between curbing high inflation and averting further upheaval in the commercial banking sector.
|
|
Business
-
Markets & Companies
3/22/2023 3:28:55 PM
Prices for 21-karat gold in Egypt recorded EGP 1,970 on Wednesday, down from EGP 2,100 registered on Saturday, representing a nearly 6% decrease, according to the Egyptian Gold and Jewellery Trade Division of the Egyptian Federation of Egyptian Chambers of Commerce (EGAJTD).
|
|
Business
-
Economy
3/22/2023 12:12:37 PM
European shares were mixed Wednesday after a day of gains in Asia ahead of a decision by the Federal Reserve on interest rates.
|
|
Business
-
Economy
3/22/2023 10:28:38 AM
American banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday, as the collapse of Silicon Valley Bank (SVB) continues to reverberate through financial markets.
|
|
Advertising
-
Advertisement
3/20/2023 5:44:13 PM
Islamic banking has become increasingly popular among practicing Muslims who want to adhere to religious principles while conducting financial transactions. Islamic banking is a financial methodology based on Islamic law or Shariah, which operates on the principle of profit and loss sharing.
|
|
World
-
International
3/20/2023 12:48:58 PM
Global stock markets sank Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes.
|
|
Business
-
Markets & Companies
3/16/2023 9:02:51 PM
The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as US bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system.
|
|
Business
-
Economy
3/14/2023 11:09:51 PM
The International Monetary Fund (IMF) is set to conduct on Wednesday 15 March its first review under the Extended Fund Facility (EFF) four-year arrangement $3 bln loan deal.
|
|
Al-Ahram Weekly
-
Egypt
3/14/2023 9:29:24 PM
Rising inflation rates are likely to prompt the Central Bank of Egypt to hike interest rates, reports Safeya Mounir
|
|
Egypt
-
Urban & Transport
3/13/2023 1:44:19 PM
Navigation traffic in the Suez Canal recorded its highest ever daily transit rate, with 107 ships crossing from both directions without waiting and a total net tonnage of 6.3. million tons, Chairman of the Suez Canal Authority (SCA) Osama Rabie said on Monday.
|
|
Business
-
Economy
3/9/2023 10:25:08 PM
The annual core inflation rate recorded 40.3 percent in February, compared to 31.2 percent in January 2023, the Central Bank of Egypt (CBE) said in a statement on Thursday.
|
|
Business
-
Markets & Companies
3/9/2023 6:56:53 PM
Egypt’s gold market has been experiencing a significant fluctuation, particularly since the onset of the Russian-Ukrainian conflict and its related repercussions, which have led to an unprecedented inflationary wave and hikes in the exchange and interest rates.
|
|
Business
-
Economy
3/9/2023 6:09:37 PM
Wall Street rose on Thursday but European stock markets fell as investors brace for US jobs data that they fear could prompt the Federal Reserve to ramp up interest rate hikes.
|