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Business
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Economy
3/30/2023 8:44:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) raised on Thursday key interest rates for the first time in 2023 by two percent (200 bps) in an attempt to control soaring inflation.
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Business
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Economy
3/29/2023 1:40:01 PM
The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) is scheduled to convene on Thursday to review the key interest rates for the second time in 2023 amid broad expectations of a surge in interest rates by up to three percent (300 bps).
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Business
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Economy
3/26/2023 11:42:58 PM
The Central Bank of Egypt (CBE) has announced that transactions worth EGP 112.7 billion were conducted via its InstaPay app over a year.
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Business
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Economy
3/26/2023 2:25:41 PM
Egypt’s non-oil business sectors were responsible for the lion’s share of net foreign direct investment (FDI) inflows during the first quarter (1Q) of the current FY2022/2023 (July-September 2022), the Central Bank of Egypt (CBE) said in a new report.
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Business
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Economy
3/20/2023 4:28:56 PM
Egypt’s undeliverable futures recorded an all-time high on Monday, posting EGP 40.25 per $1, up from EGP 39.39 at the opening hour.
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Business
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Economy
3/20/2023 1:18:49 PM
The Central Bank of Egypt (CBE) has announced the banks’ working hours during the holy month of Ramadan, which is expected to start on Thursday.
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Business
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Economy
3/9/2023 10:25:08 PM
The annual core inflation rate recorded 40.3 percent in February, compared to 31.2 percent in January 2023, the Central Bank of Egypt (CBE) said in a statement on Thursday.
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Business
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Economy
3/9/2023 10:20:04 AM
Egypt’s annual headline inflation surged in February to 31.9 percent, up from 10 percent in February 2022 and 26.5 percent last month, reported the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Thursday.
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Al-Ahram Weekly
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Egypt
3/8/2023 4:52:00 PM
Experts say that the Central Bank of Egypt is likely to introduce a new high-yield savings certificate soon.
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Business
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Economy
3/8/2023 4:13:38 PM
Egypt’s foreign debt fell during the first quarter (1Q) of FY2022/2023 (July-September) to $154.9 billion, down from $155.7 billion recorded in the corresponding quarter of FY2021/2022, the Central Bank of Egypt (CBE) announced on Wednesday.
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Business
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Economy
3/8/2023 1:40:00 PM
The Central Bank of Egypt (CBE) announced on Tuesday the terms of the national EGP 150 billion initiative to provide loans to industrial and agricultural private sector companies.
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Business
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Economy
3/6/2023 5:56:06 PM
Egypt's net international reserves (NIRs) rose in February by $128 million to reach $34.3 billion, up from $34.2 billion registered by the end of January 2023, the Central Bank of Egypt (CBE) announced on Sunday.
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Business
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Economy
2/15/2023 1:29:46 PM
Egypt’s external debt receded in the first quarter (1Q) of FY2022/2023 (July-September 2022) to $154.9 billion, down from $155.7 billion at the end of FY2021/2022, reported the Central Bank of Egypt (CBE).
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Business
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Economy
2/9/2023 12:01:00 PM
Egypt’s annual headline inflation maintained its upturn in January, recording 26.5 percent, up from eight percent in January 2022 and 21.6 percent in December 2022, the Central Agency for Public Mobilisation and Statistics (CAPMAS) said on Thursday.
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Business
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Economy
2/8/2023 3:15:30 PM
For the first time since May 2022, Moody’s has downgraded Egypt’s credit rating, Egypt's long-term foreign- and local-currency issuer ratings, from B2 to B3, changing the outlook from negative to stable, Moody’s Investors Service said on Tuesday.
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Al-Ahram Weekly
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Economy
2/7/2023 10:19:42 PM
The Central Bank of Egypt has opted to keep interest rates unchanged to give the market a chance to digest the effects of the hikes it introduced last year, writes Doaa Abdel-Moneim
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Business
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Economy
2/6/2023 6:04:45 PM
Egypt’s real GDP growth is expected to moderate to three percent in 2023 with a higher inflationary wave anticipated over the year, Fitch Solutions said in its MENA Monthly Outlook report shared with Ahram Online.
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Business
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Economy
2/3/2023 3:59:46 PM
Could Egypt lower its dependency in the short term on "hot money" as a source of securing liquidity in foreign exchange amid the government's plan to focus on attracting more direct investments in a longer term strategy for strengthening the economy? Ahram Online asked various analysts.
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Business
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Economy
2/3/2023 11:27:00 AM
Egypt’s balance of payments (BOP) witnessed an improvement in the first quarter of FY2022/2023 (July-September), as the current account deficit has narrowed by 20.2 percent to post $3.2 billion compared to $4 billion in the same period of the preceding fiscal year, the Central Bank of Egypt (CBE) announced on Thursday.
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Business
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Economy
2/2/2023 11:13:00 PM
In its first meeting in 2023, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to maintain unchanged the current interest rates.
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