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Egypt
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Foreign Affairs
1/10/2024 7:33:23 PM
Diaa Rashwan, the head of Egypt’s State Information Service (SIS) vehemently denied on Wednesday recent “unfounded allegations” circulating on social media and certain news outlets claiming that additional fees are being imposed on Palestinians at the Rafah Border Crossing, linking Gaza to Egypt.
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Business
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Economy
1/10/2024 5:41:30 PM
The Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla signed a memorandum of understanding (MoU) with the Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef for technical cooperation in exploration, exchange of geological information, training, and skill development within the mining sectors of both countries.
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Business
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Economy
1/10/2024 3:41:25 PM
The Egyptian government plans to develop an AI-based system to predict crises in the local marjet, especially hikes in the prices of commodities and staples, Osama El-Gohary, assistant Prime Minister and head of the Cabinet’s Information and Decision Support Centre (IDSC), said on Wednesday.
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Business
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Economy
1/10/2024 2:00:22 PM
Egypt's annual headline inflation decelerated to 35.2 percent in December, down from 36.4 percent in November, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported on Wednesday.
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Al-Ahram Weekly
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Egypt
1/9/2024 9:41:25 PM
New high-yield savings certificates have been introduced by Egypt’s banks in a bid to curb inflation and put the brakes on gold, reports Safeya Mounir
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Al-Ahram Weekly
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Egypt
1/9/2024 9:39:28 PM
What can be done to rein in runaway prices, asks Ahmed Abdel-Hafez in interviews with experts
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Al-Ahram Weekly
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Egypt
1/9/2024 9:37:12 PM
The government started off the year by announcing a new strategy and a set of subsidy reductions, reports Niveen Wahish
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Al-Ahram Weekly
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World
1/9/2024 8:18:13 PM
The Houthis attacking Israel-bound ships in the Red Sea has created a dent in global trade that poses risks of inflation, reports Ahmed Mustafa
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War on Gaza
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War on Gaza
1/9/2024 7:03:32 PM
US Secretary of State Antony Blinken told Israel's Prime Minister Benjamin Netanyahu on Tuesday that his forces must avoid inflicting further harm on civilians in Gaza, the State Department said.
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Business
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Economy
1/9/2024 1:34:19 PM
President Abdel-Fattah El-Sisi has instructed the government to increase spending on improving Egyptians’ quality of life in the upcoming fiscal year 2024/2025, which starts on 1 July, Minister of Finance Mohamed Maait stated on Tuesday.
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Business
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Economy
1/8/2024 7:31:33 PM
Egypt is set to establish a company focused on managing real estate export and leasing activities. The company is planned to generate between $2 and $3 billion in revenues, read a report by the cabinet's Information and Decision Support Centre.
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Life & Style
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Health
1/8/2024 11:19:27 AM
A new study offers the first direct evidence of a seizure link to toddlers' sudden death.
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Business
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Economy
1/7/2024 7:37:30 PM
Egypt’s non-oil trade deficit dropped 26.29 percent year-on-year (YoY) to $6.63 billion in the third quarter of 2023 from $8.99 billion in the same quarter a year earlier, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
1/7/2024 7:17:41 PM
The National Bank of Egypt (NBE) and Banque Misr expect to collect over EGP 500 billion in proceeds through January from their newly introduced certificates of deposit (CDs), Mohamed El-Etreby, head of Banque Misr and chairman of the Federation of Egyptian Banks (FEB), said on Saturday.
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Business
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Economy
1/7/2024 6:52:01 PM
Egypt’s Suez Canal revenues jumped by around 19.4 percent to $2.4 billion in the third quarter of 2023 (July-September) compared to $2 billion in the corresponding quarter in 2022, according to data released by the Central Bank of Egypt (CBE).
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War on Gaza
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War on Gaza
1/7/2024 5:37:00 PM
The Israeli occupation army signaled that it has wrapped up major combat in northern Gaza, saying it has completed dismantling Hamas’ military infrastructure there, as the war against the militant group entered its fourth month Sunday. Gaza's southern city of Khan Younis was hit by fresh Israeli air strikes, killing and wounding several people.
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Business
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Economy
1/7/2024 4:14:23 PM
Egypt is set to adopt a flexible exchange rate policy to adjust the pound’s value against the US dollar to meet a 39.61 rate planned by 2028, according to a document released by the Egyptian Cabinet's Information and Decision Support Center (IDSC).
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Business
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Economy
1/7/2024 2:00:50 PM
Egypt’s real GDP growth is projected at 4.1 percent in 2024 and the US dollar exchange rate to jump to EGP 39.7 through end of the year, BMI Country Risk and Industry Analysis, one of Fitch Solutions’ services, said in a new report shared with Ahram Online.
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Business
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Economy
1/6/2024 2:50:01 PM
The National Bank of Egypt (NBE) and Banque Misr collected EGP 11 billion in proceeds through their high-yield certificates of deposit (CDs) within 24 hours following issuance, Mohamed El-Etreby, head of Banque Misr and chairman of Federation of Egyptian Banks, said on Friday.
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Al-Ahram Weekly
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World
1/4/2024 11:19:56 PM
The spectre of epidemics is looming over Gaza as hundreds of thousands of displaced people risk the contraction of infectious diseases, reports Alaa Al-Mashharawi from Gaza.
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