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Business
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Economy
8/5/2024 7:33:45 PM
The US dollar reached its highest level against the Egyptian pound on Monday since 7 March, only a day after Egypt’s last EGP devaluation decision, according to the Central Bank of Egypt's (CBE) official website.
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Business
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Economy
8/2/2024 5:43:14 PM
The US jobs market cooled much more than expected in July with the unemployment rate reaching the highest since late 2021, government data showed Friday, paving the way towards post-pandemic interest rate cuts.
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Business
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Economy
7/31/2024 8:55:00 PM
The US dollar rate against the Egyptian Pound (EGP) hit its highest level on Wednesday since April.
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Egypt
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Tourism
7/30/2024 10:58:06 PM
Occupancy rates in New Alamein City hotels have surged to 100 percent and are expected to remain at this peak until the end of August, according to Hossam Hazaa, a member of the Egyptian Tourism Federation.
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Life & Style
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Health
7/30/2024 5:25:30 PM
Ahram Online spoke to Dr. Ahmed Magdy, assistant professor of Medical Oncology and Hematology at the Cairo University National Cancer Institute, ahead of World Lung Cancer Day to shed light on the topic.
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World
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Africa
7/30/2024 4:56:29 PM
Ethiopia's currency lost 30% of its value Tuesday, the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund as part of new measures to stabilize the eastern African nation's economy.
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Business
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Economy
7/29/2024 11:38:17 AM
Egypt is scheduled on the calendar of the International Monetary Fund's (IMF) Executive Board on Monday to discuss the third review of the current Extended Fund Facility (EFF) $8 billion loan programme, which concludes in September 2026.
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Egypt
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Politics
7/24/2024 9:57:59 PM
Prime Minister Mostafa Madbouly underscored in a press conference held at New Alamein City the gradual increase in petroleum products pricing and managing inflation rates to ease the burden on citizens, aiming to reach a break-even point for fuel subsidies by December 2025.
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Egypt
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Foreign Affairs
7/22/2024 11:50:44 AM
Prime Minister Mostafa Madbouly affirmed on Sunday Egypt's commitment to enhancing economic integration among African nations and improving development rates to raise the living standard across the continent.
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Business
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Economy
7/18/2024 7:46:41 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) opted to maintain the overnight deposit rate, overnight lending rate, and the rate of the main operation. The discount rate was also held steady at 27.25 percent, 28.25 percent, 27.75 percent, and 27.75 percent, respectively.
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Al-Ahram Weekly
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Economy
7/18/2024 1:12:00 PM
Egypt’s interest rates are likely to remain unchanged for now, according to experts.
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Business
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Markets & Companies
7/17/2024 3:08:52 PM
Europe's stock markets slid Wednesday as stronger-than-expected UK inflation data doused hopes of a British interest rate cut any time soon.
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Business
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Economy
7/17/2024 1:51:30 PM
Britain's inflation rate held steady in June after returning to the Bank of England's target the previous month, official data showed Wednesday, confounding expectations for another modest slowdown.
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Business
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Economy
7/16/2024 10:58:30 PM
A senior US central bank official said in remarks prepared for delivery Tuesday that it might be apt to lower interest rates sooner rather than later if the job market cools "too much."
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Business
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Markets & Companies
7/16/2024 8:34:34 PM
The price of gold soared Tuesday to a record peak, propelled by trader expectations of falling US interest rates in September as inflation cools.
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Business
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Economy
7/16/2024 6:53:51 PM
The International Monetary Fund has revised down its projection for Egypt’s real GDP growth by 0.3 percent in both the recently concluded FY2023/2024 and the current FY2024/2025 to 2.7 percent and 4.1 percent, respectively, according to an update to its World Economic Outlook (WEO) report released on Tuesday.
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Business
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Markets & Companies
7/15/2024 6:53:49 PM
US stocks are rising toward records Monday as Wall Street’s momentum keeps driving it upward.
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Business
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Economy
7/10/2024 10:55:48 PM
BMI, a Fitch Solutions company, expected the Central Bank of Egypt (CBE) to keep its monetary tightening policy on hold, which means keeping the current key interest rates unchanged till the end of 2024 in response to the downturn path of the country’s inflation.
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Business
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Economy
7/10/2024 11:08:32 AM
Egypt’s headline annual inflation rate kept its downturn path in June, for the fourth consecutive month, decelerating to 27.1 percent compared to 27.4 percent seen in May, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Wednesday.
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Business
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Economy
6/29/2024 7:02:02 PM
Anna Bjerde, the World Bank’s Managing Director for Operations, stressed to Ahram Online (AO) that the recent measures taken by Egypt, particularly in monetary policy and the liberalization of the exchange rate, were necessary to restore balance and stability to the economy
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