Al-Ahram Weekly
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Economy
12/11/2024 5:48:00 PM
As the government waits for the International Monetary Fund (IMF) to sign off on the fourth review of its $8 billion Extended Fund Facility (EFF) loan to Egypt, it is continuing to implement the pledges it undertook in its letter of intent.
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Business
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Markets & Companies
12/10/2024 9:10:38 PM
Global stock markets diverged Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.
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Business
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Economy
12/10/2024 5:43:31 PM
The Central Bank of Egypt (CBE) announced Tuesday that the annual core inflation rate continued its downward trend for the third consecutive month, dropping to 23.7 percent in November from 24.4 percent in October.
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Business
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Economy
12/9/2024 7:53:14 PM
The Egyptian pound exchange rate slightly increased on Monday by 0.54 percent to EGP 50.58/$1, compared to EGP 50.31/$1 on Sunday, according to the official rates of the Central Bank of Egypt (CBE).
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Egypt
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Society
12/9/2024 1:23:52 PM
The implementation rate for the first phase of the Haya Karima initiative reached 85.5 percent by the end of November, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat said in a statement.
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Business
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Economy
12/9/2024 11:54:47 AM
The Egyptian pound exchange rate slightly increased on Sunday by 0.5 percent to EGP 50.31/$1, compared to EGP 50.06/$1 on Thursday, according to the official rates of the Central Bank of Egypt (CBE).
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Business
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Economy
12/5/2024 7:28:41 PM
The US dollar rate reached on Thursday its highest level ever against the Egyptian pound, recording EGP 50.04 /$1, according to the official rates on the Central Bank of Egypt (CBE) and a group of banks in the local market.
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Al-Ahram Weekly
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Economy
12/3/2024 10:10:19 PM
Experts have stressed the importance of maintaining a flexible exchange rate, echoing comments made by Prime Minister Mustafa Madbouli this week
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Business
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Markets & Companies
12/3/2024 7:57:10 PM
Stock markets struggled for direction Tuesday as investors weighed Chinese stimulus hopes, political tensions in France and the US interest-rate outlook.
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Business
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Economy
11/30/2024 9:17:06 PM
Prime Minister Mostafa Madbouly stressed that the government will not repeat previous mistakes, emphasizing that maintaining a flexible exchange rate for the US dollar would boost the Egyptian economy's sustainability, investor confidence, and the private sector.
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Business
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Economy
11/26/2024 10:59:06 PM
US Federal Reserve officials expect inflation to keep cooling, signaling a gradual approach to interest rate cuts if price increases ease further and the job market remains strong, minutes of their recent meeting showed Tuesday.
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Business
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Economy
11/21/2024 7:16:55 PM
The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) decided Thursday to keep key interest rates unchanged for the fifth consecutive time.
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Business
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Economy
11/20/2024 8:37:37 PM
The US dollar reached its highest level against the Egyptian pound on Wednesday since March of this year, reaching EGP 49.80/$1, according to the Central Bank of Egypt's (CBE) official website.
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Al-Ahram Weekly
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Economy
11/20/2024 5:44:00 PM
Experts say the Central Bank of Egypt is not likely to cut interest rates before 2025
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Business
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Economy
11/20/2024 3:20:37 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to hold its penultimate meeting for 2024 on Thursday to review the key interest rates amid speculations that the CBE will keep the current interest rates unchanged despite the high inflation rates.
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Egypt
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Society
11/14/2024 4:52:48 PM
The unemployment rate in Egypt rose slightly to 6.7 percent of the total labour force in the third quarter (Q3) (from July to September) of 2024, a 0.2 percent increase compared to Q2, according to a report by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday.
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Al-Ahram Weekly
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Opinion
11/12/2024 8:19:28 PM
Strategic pricing and cost control are crucial for Egyptian businesses to maintain competitiveness amid soaring inflation, writes Ali Metwally
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Business
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Economy
11/11/2024 12:45:11 PM
Egypt's annual core inflation rate has continued its downward trend for the second consecutive month, declining to 24.4 percent in October, compared to 25 percent in September, according to data released by the Central Bank of Egypt (CBE) on Sunday.
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Egypt
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Courts & Law
11/9/2024 8:40:50 PM
The Supreme Constitutional Court (SCC) ruled on Saturday that the 7 percent flat rate in the Old Rental Law for residential properties is unconstitutional and called on the Egyptian parliament to amend the law.
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Business
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Economy
11/5/2024 5:42:21 PM
Gold prices in Egypt jumped by 1.2-1.9 percent on Tuesday, compared to Monday’s rates.
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