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Business
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Economy
4/1/2024 8:00:00 PM
The International Monetary Fund (IMF) is scheduled to complete its third review of Egypt's $8 billion loan deal by the end of June, and its last review by 2026, the IMF’s Mission Chief to Egypt Ivanna Vladkova Hollar announced on Monday.
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Business
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Economy
3/29/2024 12:35:06 AM
The EU will provide one billion euros to finance microenterprises in Egypt during 2024 as long-term loans with low-interest rates, EU Ambassador to Cairo Christian Berger said in an interview with Al Arabiya Business.
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Egypt
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Society
3/28/2024 11:22:00 PM
Population growth rate in Egypt declined by 46 percent from 2017 to 2023, Minister of Planning and Economic Development Hala El-Said stated on Thursday.
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Al-Ahram Weekly
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Economy
3/26/2024 9:06:09 PM
Rises in the prices of petroleum products have been spilling over into commodity prices and overall inflation rates, reports Safeya Mounir
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Business
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Economy
3/24/2024 3:26:16 PM
Commercial International Bank (CIB) has raised the yields on its new EGP-denominated fixed-rate certificates of deposits (CDs) by two percent, for the second time in two months, up to 24 percent on some of the three-month certificates, according to the bank’s website.
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Business
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Economy
3/20/2024 9:16:05 PM
The US Federal Reserve voted Wednesday to hold interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year.
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Al-Ahram Weekly
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Opinion
3/19/2024 3:16:36 PM
Recent sharp fluctuations in international interest rates have posed tough challenges for the developing economies, with many now threatened by a vicious debt crisis that could leave them with crippling costs, writes Mahmoud Mohieldin
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Business
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Economy
3/19/2024 11:38:02 AM
Shares were mixed in Asia on Tuesday after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy at odds with the stances of most central banks.
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Business
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Economy
3/18/2024 10:36:03 PM
Across the United States, many people are eagerly anticipating the Federal Reserve's first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Wall Street traders envision higher stock prices. Consumers are looking for a break on credit card debt at record-high interest rates.
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Business
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Economy
3/18/2024 5:21:23 PM
The US dollar rate has continued to decline against the Egyptian pound since the Central Bank of Egypt (CBE) announced on 6 March that it would let the value of the local currency be set by market forces.
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Al-Ahram Weekly
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Opinion
3/14/2024 11:25:00 PM
Though widely anticipated, the move by the Central Bank of Egypt (CBE) last Wednesday to allow market forces to determine the Egyptian pound’s exchange rate took everyone by surprise.
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Al-Ahram Weekly
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Egypt
3/13/2024 10:38:00 PM
Contradicting all expectations, inflation rates recorded an increase in February.
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Al-Ahram Weekly
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Egypt
3/13/2024 10:16:00 PM
Al-Ahram Weekly looks at the pros and cons of the devaluation and high-interest rates.
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Al-Ahram Weekly
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Egypt
3/12/2024 8:31:36 PM
Sarah Elhosary reports on the latest fluctuations in gold prices
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Al-Ahram Weekly
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Egypt
3/12/2024 8:28:53 PM
Al-Ahram Weekly gauges people’s concerns following the liberalisation of the exchange rate.
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Al-Ahram Weekly
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Opinion
3/12/2024 8:22:49 PM
It is time to break from Joseph’s prophecy.
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Business
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Economy
3/12/2024 4:26:09 PM
The US dollar rate against the Egyptian pound declined on Tuesday by approximately 1.5 percent to EGP 48.8/1 USD for selling, compared to EGP 49.5/1 USD recorded a week ago and EGP 49/1 USD seen on Monday, according to the rates on the Central Bank of Egypt (CBE)’s website.
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Business
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Economy
3/11/2024 10:53:23 AM
Stock markets mostly fell Monday after a forecast-busting jobs report dampened US interest rate cut hopes, with attention now turning to the release of key inflation data this week.
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Business
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Economy
3/10/2024 1:50:00 PM
Head of Egypt’s Banks Federation Mohamed El-Etreby urged caution amid an influx of hard currency into Egypt in the form of hot money following the flotation of the Egyptian pound and an increase in interest rates.
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Business
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Economy
3/10/2024 11:59:06 AM
Egypt’s annual headline inflation reached a record level of 219.4 points in February, indicating an annual rate of 36 percent, compared to 31.2 percent seen in January, the Central Agency for Public Mobilization and Statistics (CAPMAS) released on Sunday.
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