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Business - Economy
6/17/2024 5:49:00 PM
Egypt is considering regular reviews to increase the "zero-tax bracket" following inflation rates as part of the new income tax bill, Minister of Finance Mohamed Maait announced Monday.

Business - Economy
6/12/2024 9:53:54 PM
The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March.

Business - Economy
6/12/2024 6:11:56 PM
Stock markets surged Wednesday after data showed US inflation slowed in May, raising hopes the Federal Reserve will cut interest rates later this year.

Business - Economy
6/10/2024 8:11:15 PM
Egypt’s core inflation declined for the third consecutive month in May, reaching 27.1 percent, compared to 31.8 percent in April, the Central Bank of Egypt (CBE) announced on Monday.

War on Gaza - War on Gaza
6/10/2024 7:34:50 PM
Israel is trying to increase pressure on Palestinians by killing an average of 2,000 people each month since the start of the war and withholding as much humanitarian aid as possible, according to a recent report by the Organization of Islamic Cooperation Media Observatory for Israel’s Crimes Against Palestinians.

Business - Economy
6/10/2024 4:04:58 PM
After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts.

Business - Economy
6/10/2024 12:29:43 PM
Egypt's annual headline inflation rate has maintained its downturn trend for the third consecutive month, dropping to 27.4 percent in May from 31.8 percent in April, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday.

Business - Economy
6/9/2024 5:32:12 PM
The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data.

Business - Economy
6/6/2024 4:23:20 PM
The European Central Bank made its first interest rate cut since 2019 Thursday, reducing borrowing costs from record highs, but gave few clues about its next move while warning of continuing inflation pressures.

Business - Markets & Companies
6/5/2024 4:07:36 PM
Europe's equity markets climbed Wednesday with traders boosted on the eve of an expected interest-rate cut by the European Central Bank, but Asia slid on renewed US economic worries.

Business - Markets & Companies
6/4/2024 6:07:01 PM
US stocked ticked lower in early trading Tuesday, as investors reacted to underwhelming recent economic data and prepared for the release of key payroll data later this week.

Business - Economy
6/3/2024 6:01:36 PM
Wall Street stocks climbed early Monday ahead of a heavy news week that includes US jobs data and an expected interest rate cut from the European Central Bank.

Egypt - Society
6/2/2024 10:13:29 PM
Egypt's population growth rate dropped from 1.9 percent in 2019 to 1.4 percent in 2023, according to cabinet spokesperson Mohamed El-Homsani on Sunday.

Business - Economy
5/28/2024 10:49:56 PM
Egypt’s Minister of Finance Mohamed Maait said on Tuesday that there will be no increase in income tax rates or brackets, including the commercial and industrial profits tax.

Business - Economy
5/24/2024 1:11:00 PM
The Central Bank of Egypt (CBE) decided to keep the current key interest rates unchanged in its Monetary Policy Committee (MPC) meeting, the last in FY2023/2024, held on Thursday.

Business - Economy
5/23/2024 12:10:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene Thursday to decide on key interest rates for the last time in FY2023/2024, amid expectations that it will maintain the current interest rates as inflation rates have started to take a downward path over the past two months.

Al-Ahram Weekly - Economy
5/22/2024 9:16:00 AM
With the slowdown in inflation and new inflows of foreign funds, the Central Bank of Egypt is likely to keep interest rates unchanged at its meeting this month.

Business - Economy
5/20/2024 2:41:42 PM
The global inflationary wave has raised Egypt's import bill by $4 billion per month due to the rise in global prices, increased shipping costs, and exchange rate fluctuations, Minister of Finance Mohamed Maait stated on Monday.

Business - Economy
5/14/2024 7:52:46 PM
The Egyptian pound’s rate against the US dollar declined on Tuesday to 46.92 for selling and 46.79 for buying, its strongest point since 23 March, according to the official exchange rate of the Central Bank of Egypt.

Business - Economy
5/9/2024 12:33:09 PM
Egypt’s headline inflation rate decelerated, for the second consecutive month, in April to 32.8 percent, down from 33.1 percent in March, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced Thursday.

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