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Business - Economy
7/22/2024 5:08:00 PM
Egypt is anticipated to maintain its monetary and fiscal policy tightening and keep the debt on a downturn path till December when the International Monetary Fund (IMF) is scheduled to conduct the fourth review of Egypt’s $8 billion loan programme, experts told Ahram Online (AO).

Business - Markets & Companies
7/22/2024 2:46:11 PM
The Minister of Supply and Internal Trade Sherif Farouk issued a ministerial decree on Sunday to start the summer clearance season (Summer Sale or Okazion) for 2024 on 5 August.

Al-Ahram Weekly - Economy
7/18/2024 1:12:00 PM
Egypt’s interest rates are likely to remain unchanged for now, according to experts.

Business - Markets & Companies
7/17/2024 3:08:52 PM
Europe's stock markets slid Wednesday as stronger-than-expected UK inflation data doused hopes of a British interest rate cut any time soon.

Business - Economy
7/17/2024 1:51:30 PM
Britain's inflation rate held steady in June after returning to the Bank of England's target the previous month, official data showed Wednesday, confounding expectations for another modest slowdown.

Al-Ahram Weekly - Economy
7/16/2024 10:27:23 PM
Food inflation is easing, with the supply of some commodities now surpassing demand, reports Amira Hisham

Business - Markets & Companies
7/16/2024 8:34:34 PM
The price of gold soared Tuesday to a record peak, propelled by trader expectations of falling US interest rates in September as inflation cools.

Business - Economy
7/16/2024 6:53:51 PM
The International Monetary Fund has revised down its projection for Egypt’s real GDP growth by 0.3 percent in both the recently concluded FY2023/2024 and the current FY2024/2025 to 2.7 percent and 4.1 percent, respectively, according to an update to its World Economic Outlook (WEO) report released on Tuesday.

Business - Markets & Companies
7/15/2024 6:53:49 PM
US stocks are rising toward records Monday as Wall Street’s momentum keeps driving it upward.

Business - Economy
7/15/2024 11:10:11 AM
"Doctor, please write down an alternative medication for each type on the prescription" is a common plea among patients in Egypt now due to the severe shortage of medicines in the local market, intensifying daily and impacting both healthy and ill individuals.

Business - Economy
7/10/2024 10:55:48 PM
BMI, a Fitch Solutions company, expected the Central Bank of Egypt (CBE) to keep its monetary tightening policy on hold, which means keeping the current key interest rates unchanged till the end of 2024 in response to the downturn path of the country’s inflation.

Business - Economy
7/10/2024 11:08:32 AM
Egypt’s headline annual inflation rate kept its downturn path in June, for the fourth consecutive month, decelerating to 27.1 percent compared to 27.4 percent seen in May, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Wednesday.

Business - Economy
7/9/2024 5:18:51 PM
The US Federal Reserve is making "modest" progress in its inflation fight, the head of the US central bank told lawmakers Tuesday, on the first of two days of testimony in Congress.

Egypt - Society
7/8/2024 9:27:19 PM
Prime Minister Mostafa Madbouly pledged Monday that his new cabinet will spare no effort to end the power outage crisis within the first six months of its programme.

World - Africa
7/3/2024 9:51:07 PM
The Kenyan presidency said Wednesday it had ordered a review of salary increases for public servants in an apparent move to defuse tensions after a wave of sometimes deadly anti-government protests.

Business - Economy
6/17/2024 5:49:00 PM
Egypt is considering regular reviews to increase the "zero-tax bracket" following inflation rates as part of the new income tax bill, Minister of Finance Mohamed Maait announced Monday.

Business - Economy
6/12/2024 9:53:54 PM
The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March.

Business - Economy
6/12/2024 6:11:56 PM
Stock markets surged Wednesday after data showed US inflation slowed in May, raising hopes the Federal Reserve will cut interest rates later this year.

Al-Ahram Weekly - Economy
6/12/2024 1:08:00 PM
As the IMF closes its third review of its loan to Egypt, foreign-exchange inflows to the country are showing a marked improvement.

Business - Markets & Companies
6/11/2024 5:57:24 PM
European stock markets and the euro tumbled further Tuesday as investors faced weeks of political uncertainty after far-right gains in EU Parliament elections that sparked early elections in France.

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