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Business
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Economy
3/22/2023 9:21:09 PM
The US Federal Reserve raised its key rate by another quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to balance between curbing high inflation and averting further upheaval in the commercial banking sector.
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Business
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Economy
3/22/2023 1:38:40 PM
Recent financial turbulence could add to "downside risks" in the eurozone, European Central Bank chief Christine Lagarde warned Wednesday, while insisting policymakers remained focused on taming sky-high inflation.
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Al-Ahram Weekly
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Egypt
3/22/2023 12:27:00 PM
The government has taken a number of initiatives ahead of the holy month of Ramadan to help reduce the impact of inflation, reports Gamal Essam El-Din
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Business
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Economy
3/22/2023 10:28:06 AM
British annual inflation unexpectedly accelerated in February, official data showed Wednesday, in fresh headwinds for a nation battling a cost-of-living crisis.
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World
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International
3/20/2023 6:44:40 PM
Union members working for the company that owns Britain's rail infrastructure have voted unanimously to accept a pay deal to end long-running strike action, the union said on Monday.
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Business
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Economy
3/16/2023 9:56:08 PM
Saudi finance officials on Thursday downplayed risks to the global banking sector after days of market turmoil fuelled by the implosion of two tech industry lenders and pressures on Credit Suisse.
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Business
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Markets & Companies
3/16/2023 9:02:51 PM
The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as US bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system.
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World
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International
3/16/2023 7:34:32 PM
Unions representing hundreds of thousands of nurses, ambulance crews and other health care workers in England reached a deal Thursday to resolve months of disruptive strikes for higher wages, though the pact didn't include doctors.
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Business
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Economy
3/14/2023 11:09:51 PM
The International Monetary Fund (IMF) is set to conduct on Wednesday 15 March its first review under the Extended Fund Facility (EFF) four-year arrangement $3 bln loan deal.
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Al-Ahram Weekly
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Egypt
3/14/2023 9:29:24 PM
Rising inflation rates are likely to prompt the Central Bank of Egypt to hike interest rates, reports Safeya Mounir
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Business
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Economy
3/14/2023 3:53:34 PM
Egypt's real GDP growth is expected to reach 4.2 percent by the end of the current FY2022/2023 concluding in June, Minister of Planning and Economic Development Hala El-Said stated on Tuesday.
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Business
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Economy
3/12/2023 5:59:58 PM
Fitch Solutions raised its projection for Egypt’s inflation during 2023 to 25.9 percent, up from 18.3 percent it projected in February, according to its updated report on MENA Monthly Outlook.
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World
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International
3/11/2023 8:35:28 PM
Thousands of people in the Czech Republic rallied against the government Saturday, protesting high inflation and demanding an end to the country's military support for Ukraine.
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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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Markets & Companies
3/9/2023 6:56:53 PM
Egypt’s gold market has been experiencing a significant fluctuation, particularly since the onset of the Russian-Ukrainian conflict and its related repercussions, which have led to an unprecedented inflationary wave and hikes in the exchange and interest rates.
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Business
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Economy
3/9/2023 12:49:35 PM
The one-year certificates of deposit (CDs), with 18 percent annual yield the National Bank of Egypt (NBE) and Banque Misr issued in March 2022, will mature on 19 March, raising questions about the local market's reaction.
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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 2:27:50 PM
European Central Bank (ECB) president Christine Lagarde said Wednesday she will do whatever it takes to bring down high inflation and restore price stability.
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Al-Ahram Weekly
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Egypt
3/7/2023 9:58:33 PM
State employees and pensioners will receive their annual raises earlier this year as part of a special package of economic relief measures, reports Nahla Abul-Ezz
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