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Arts & Culture
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Screens
9/26/2023 11:07:00 AM
The Egyptian filmmaker Amr Salama's 60 Egyptian Pounds will be the first short to open the sixth edition of El Gouna Film Festival, to be held on 13 and 20 October.
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Al-Ahram Weekly
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Opinion
9/5/2023 9:10:00 AM
The Central Bank of Egypt should focus on maintaining a stable exchange rate and an independent monetary policy when managing the fortunes of the Egyptian pound.
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Business
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Economy
8/20/2023 9:31:10 PM
The Egyptian Cabinet has approved permitting the International Financial Corporation (IFC), the financial arm of the World Bank, to issue Egyptian pound bonds in international markets.
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Business
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Economy
7/27/2023 6:09:00 PM
The state-owned National Bank of Egypt (NBE) and Banque Misr announced issuing new three-year US-dollar certificates of deposits (CDs) with seven percent and nine percent yields to be paid quarterly or annually in US dollars or Egyptian pounds.
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Al-Ahram Weekly
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Opinion
7/1/2023 5:51:00 PM
No further devaluation of the Egyptian pound is in the works. President Abdel- Fattah Al-Sisi told a youth conference last week that while Egypt is flexible on the exchange rate regime, the government can’t stand still when it affects and lives the livelihoods of Egyptians.
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Al-Ahram Weekly
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Egypt
6/21/2023 6:07:00 PM
President Abdel-Fattah Al-Sisi appears to rule out any further devaluation of the pound.
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Business
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Economy
5/24/2023 5:54:27 PM
Gold prices declined on Wednesday's midday tradings, continuing a downturn that started on Tuesday, while the Egyptian pound rose by nearly 14 piastres against the Euro.
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Business
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Economy
5/14/2023 6:26:20 PM
The Egyptian gold market is starting to stabilize following weeks of fluctuation due to a surge in demand amid uncertainty about the Egyptian pound’s exchange rate.
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Business
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Economy
5/14/2023 2:59:05 PM
Fitch Solutions said that the fourth Egyptian pound devaluation will occur in the context of progress on the divestment strategy Egypt is enacting. Egypt is currently working on reducing the government footprint in the economic activity for the private sector; chiefly through its initial public offering (IPO) and privatization programmes.
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Al-Ahram Weekly
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Opinion
5/9/2023 7:25:08 PM
A further devaluation of the Egyptian pound is not in itself the panacea for Egypt’s economic woes
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Business
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Economy
5/4/2023 1:25:30 AM
The Fuel Automatic Pricing Committee (FAPC) raised on Wednesday diesel prices by EGP 1 to 8.25 Egyptian pounds and maintained the prices of all the other gasoline prices.
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Business
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Economy
5/3/2023 10:34:30 AM
Egypt’s total governmental gross debt is expected to rise to 92.9 percent of GDP in 2023, up from 88.5 percent in 2022, before cooling to 87 percent in 2024, the highest among the emerging market and middle income countries, the International Monetary Fund (IMF) said on Wednesday.
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Business
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Economy
4/11/2023 7:47:35 PM
Deputy Director of the Research Department at the International Monetary Fund (IMF) Petya Koeva Brooks said on Tuesday that the fund downgraded the growth forecast for Egypt in 2023 due to the impact of high financing costs and the depreciation of the Egyptian pound.
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Business
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Economy
4/7/2023 12:31:00 PM
Egypt's trade balance deficit recorded $2.48 billion in January 2023, a 47 percent drop from the $4.68 billion figure recorded in the same month in 2022. This is largely due to the devaluation of the Egyptian pound, which leads to decreased imports.
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Al-Ahram Weekly
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Economy
4/5/2023 7:15:00 PM
The Central Bank of Egypt raised interest rates at a meeting of its Monetary Policy Committee last week but took no action on the pound.
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Business
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Economy
3/9/2023 5:22:59 PM
The flotation of the Egyptian pound since December under the new Extended Fund Facility programme with the IMF has benefited the industry sector as it raised the competitiveness of Egyptian products in the global market, Prime Minister Mostafa Madbouly stated on Wednesday.
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Business
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Tech
2/9/2023 4:41:58 PM
Egypt's telecom sector is facing a host of challenges in the local market, such as high interest rates, depreciation of the Egyptian pound, and surging inflation, according to CEO of Etisalat Egypt Hazem Metwally.
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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
2/2/2023 10:16:33 PM
The Egyptian pound has continued its slip against the US dollar for the fourth day in a row, hitting 30.3 for 1 USD, according to the official exchange rate of the Central Bank of Egypt (CBE) on Thursday.
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Business
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Economy
2/2/2023 2:07:57 PM
The dollar and euro exchange rates to the EGP were stable at the beginning of Thursday's transactions at Egypt's major banks, with the dollar recording an average of EGP 30.2 and the euro registering EGP 33.2.
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