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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
5/9/2024 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.

Business - Economy
5/2/2024 11:22:01 AM
The US Federal Reserve on Wednesday held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.

Business - Markets & Companies
4/30/2024 5:21:18 PM
Eurozone equities sagged Tuesday, weighed down by the strong euro as investors digested bright economic news, while London hit another record peak on earnings-driven optimism.

Business - Economy
4/23/2024 3:01:53 PM
The Central Bank of Egypt (CBE) is expected to cut the key interest rates in May by two percent (200 bps), based on its view of inflation decreasing to 20 percent by the end of 2024, the US-based investment bank Goldman Sachs said in a research note.

Business - Economy
4/18/2024 1:40:23 PM
Major stock markets in Asia and Europe mostly rose Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime soon.

Business - Economy
4/11/2024 3:58:36 PM
The European Central Bank held interest rates steady again Thursday but said slowing inflation could open the door to easing monetary policy, raising hopes of a first cut in June.

Business - 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.

Business - 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.

Al-Ahram Weekly - 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

Business - 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.

Al-Ahram Weekly - 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

Business - 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.

Al-Ahram Weekly - Egypt
3/13/2024 10:38:00 PM
Contradicting all expectations, inflation rates recorded an increase in February.

Al-Ahram Weekly - Egypt
3/13/2024 10:16:00 PM
Al-Ahram Weekly looks at the pros and cons of the devaluation and high-interest rates.

Business - 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.

Business - 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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