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Business - Economy
3/8/2024 2:16:58 PM
Credit-rating company Moody's Ratings (Moody's) has revised the outlook on Egypt to positive from negative amid game-changing economic measures, including the flotation of the Egyptian local currency and an increase in interest rates.

Business - Economy
3/6/2024 10:41:00 PM
Hassan Abdalla, the Governor of the Central Bank of Egypt (CBE), stated on Wednesday in a press conference that the state has recently raised interest rates by 6 percent to contain inflation and support citizens.

Business - Economy
3/6/2024 6:03:00 PM
The Central Bank of Egypt (CBE) decided on Tuesday to float the Egyptian pound (EGP) and raise interest rates by six percent, in a bold move to meet economic challenges.

Business - Economy
3/6/2024 5:16:55 PM
The National Bank of Egypt (NBE) and Banque Misr (BM), Egypt’s largest state-owned banks, announced on Wednesday the launch of three-year certificates of deposits (CDs) with initial annual interest rates of up to 30 percent, which decrease gradually.

Business - Economy
3/6/2024 4:41:00 PM
The Egyptian pound experienced a significant drop on Wednesday, declining by 62 percent to approximately EGP 50.1 against the US dollar and EGP 54.5 against the euro.

Business - Markets & Companies
3/6/2024 1:54:00 PM
The Egyptian Exchange (EGX) indexes hit a record high during Wednesday's trading, pushed by large purchases after a Central Bank of Egypt (CBE) decision to increase interest rates.

Business - Economy
3/6/2024 1:14:00 PM
The Central Bank of Egypt (CBE) decided on Wednesday morning to allow market forces to determine the value of the Egyptian pound (EGP), while simultaneously raising interest rates by 6 percent.

Business - Markets & Companies
3/5/2024 5:32:15 PM
The price of gold on Tuesday struck an all-time pinnacle, boosted by its haven status ahead of expected cuts to US interest rates amid growing economic gloom.

Business - Tech
2/28/2024 12:09:34 PM
The value of the global cross-border digital remittance market reached $148.08 billion in early 2023 and is expected to achieve a compound annual growth rate of over 12.5 percent to reach $339.8 billion by 2030, according to a report released by the UAE-based business-to-business prepaid products provider Prepay Nation on Tuesday.

Business - Economy
2/22/2024 12:17:12 PM
The Central Bank of Egypt (CBE) released the core set of financial inclusion indicators for 2023, highlighting a notable rise in the country's financial inclusion rates.

Business - Economy
2/21/2024 3:36:54 PM
Egypt's national project to provide employment opportunities for youth, Mashrouak (meaning "your project”), achieved its highest lending rate since its launch in 2015, reaching EGP 200 million across 852 projects in January 2024.

Al-Ahram Weekly - Egypt
2/13/2024 9:49:00 PM
Safeya Mounir finds out why Egypt’s inflation rates cooled in January

Egypt - Foreign Affairs
2/10/2024 10:22:57 PM
Prime Minister Mostafa Madbouly highlighted on Saturday Cairo's keenness to increase the rates of trade exchange and investment between Egypt and Bulgaria.

Egypt - Society
2/6/2024 6:46:02 PM
Dollar exchange rate and Red Sea tensions are among key reasons behind the significant surge in coffee prices that Egypt has been recently witnessing, Hassan Fawzy, head of the Coffee Division at Cairo Chamber of Commerce, said on Tuesday.

Business - Economy
2/1/2024 9:04:15 PM
The Central Bank of Egypt has raised the key interest rates by two percent.

Business - Markets & Companies
2/1/2024 7:18:53 PM
The Egyptian Exchange (EGX) saw diverse performance in the week concluding on 1 February as investors awaited the Central Bank of Egypt's decision on key interest rates.

Business - Economy
2/1/2024 1:02:03 PM
The 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63, with short-term contracts also following this upward trend, according to Bloomberg.

Al-Ahram Weekly - Economy
2/1/2024 10:34:00 AM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is to hold its first meeting for 2024 on Thursday to review key interest rates amid unprecedented economic challenges. The CBE’s next move on interest rates is unpredictable.

Business - Economy
1/31/2024 6:55:56 PM
Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Ahram Online that Egypt's GDP growth rate could increase by 5-6 percent if the government allows the private sector to play a leading role in Egypt's economy and reconsiders the role of the public sector.

Business - Economy
1/31/2024 4:36:22 PM
The US dollar rate in Egypt’s currency parallel market has soared to a new peak, hitting EGP 72 per USD, multiple sources in the local market reported to Ahram Online.

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