Business
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Economy
6/7/2023 11:39:23 AM
The Turkish lira sank to a new low against the dollar on Wednesday, more than a week after the re-election of President Recep Tayyip Erdogan.
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Business
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Economy
6/7/2023 10:58:46 AM
China's exports fell in May for the first time since February, data showed Wednesday, breaking a two-month growth streak as a post-Covid rebound faded and adding to speculation that officials will unveil fresh stimulus measures.
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Business
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Economy
6/5/2023 1:30:20 PM
The decline in Egypt's non-oil private sector slowed down in May, as demand stabilized and inflation eased, S&P Global Egypt Purchasing Managers’ Index (PMI) report showed.
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Business
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Economy
6/5/2023 12:05:25 PM
Turkey's annual inflation rate dropped below 40 percent in May for the first time in 16 months, pushed down by a temporary offer of free gas to households, official data showed on Monday.
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Business
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Economy
6/1/2023 2:48:07 PM
Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank's next meeting in June, though they indicate hikes could resume later this year.
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Al-Ahram Weekly
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Opinion
6/1/2023 12:18:00 AM
Why is it important to guarantee the independence of the world’s central banks and review their specific mandate, governance, and accountability asks Mahmoud Mohieldin.
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Business
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Economy
5/31/2023 2:50:15 PM
Easing inflation in key eurozone economies such as France and Spain is "positive" news, a senior European Central Bank official said Wednesday, but stressed it was too soon to declare victory.
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World
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Region
5/29/2023 8:52:22 PM
Turkish President Recep Tayyip Erdogan won reelection in a runoff Sunday, following a nail-biter first round two weeks earlier.
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Business
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Economy
5/23/2023 4:19:09 PM
The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund.
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Al-Ahram Weekly
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Features
5/20/2023 9:32:00 AM
More and more people are leaving traditional jobs and turning to freelancing and small business ownership to cope with inflation and currency fluctuations.
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Al-Ahram Weekly
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Egypt
5/16/2023 11:43:58 PM
Will the Central Bank of Egypt maintain current interest rates after the inflation rate cooled in April, asks Doaa A. Moneim
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Egypt
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Politics
5/16/2023 9:39:00 PM
During Tuesday's session of the National Dialogue, the representatives of various political forces called for expanding the social protection umbrealla and enhancing protection programmes to support the needy amid soaring inflation due to the economic global crisis.
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Business
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Economy
5/16/2023 2:42:06 PM
The US government is facing increased borrowing costs due to the political crisis surrounding the nation's borrowing limit, Treasury Secretary Janet Yellen said Tuesday.
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Business
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Economy
5/16/2023 2:02:31 PM
The European economy expanded less than previously thought in the first quarter of 2023, the EU statistics agency said Tuesday, revising its previous figure.
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Business
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Economy
5/16/2023 11:43:23 AM
For the second time since February, the European Bank for Reconstruction and Development (EBRD) has downgraded its forecast for Egypt’s real GDP growth to 4.2 percent, a 0.1 percent decrease from its outlook in February and increased its forecast by 0.2 percent in 2024.
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Business
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Economy
5/15/2023 8:08:59 PM
Argentina's central bank hiked its base interest rate Monday by six points to 97 percent as the government prepares to announce a spate of measures to tackle soaring inflation ahead of October's general election.
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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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Business
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Economy
5/11/2023 3:44:34 PM
The Bank of England has raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K.
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Business
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Economy
5/10/2023 11:59:07 PM
Egypt's annual core inflation rate recorded 38.6 percent in April 2023, a slight decrease from 39.5 percent in March, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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Business
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Economy
5/10/2023 6:21:54 PM
Consumer inflation in the United States nudged down only slightly in April, the Labor Department said on Wednesday, despite strong efforts to cool the economy and rein in price increases.
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