Al-Ahram Weekly
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Economy
2/9/2023 10:28:00 AM
Al-Ahram Weekly reviews how the release of commodities held in Egypt’s ports has been stabilising prices in domestic markets.
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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
2/5/2023 2:25:46 PM
Egypt's purchasing managers' index (PMI) for the non-oil private sector declined by 1.7 points in January to 45.5, down from 47.2 in December – one of the swiftest deteriorations in the last 26 months – according to Standard and Poor's (S&P) Global.
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Business
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Markets & Companies
2/3/2023 8:02:50 PM
Wall Street's rally hit a wall after a shocking jobs report showed the U.S. economy created a third of a million more jobs last month than expected, fueling worries about inflation and higher interest rates.
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Business
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Economy
2/2/2023 2:23:12 PM
The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more to come, underlining its drive to subdue inflation even as the European economy slows and the U.S. Federal Reserve eases its pace of increases.
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Business
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Economy
2/2/2023 10:25:00 AM
America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools while signaling the battle is not yet over.
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World
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International
2/1/2023 2:36:14 PM
Half a million workers went on strike in Britain on Wednesday, calling for higher wages in the largest such walkout in over a decade, closing schools and severely disrupting transport.
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Business
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Economy
2/1/2023 2:15:46 PM
Europe's inflation rate dipped at the start of the year, giving some relief to consumers but still leaving them facing higher prices that have driven protests and will likely press the European Central Bank into another interest rate hike Thursday.
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Business
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Economy
2/1/2023 2:12:56 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday, the first meeting in 2023, to review the key interest rates in light of the recent updates in the country’s macroeconomy.
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World
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International
2/1/2023 10:50:50 AM
Teachers and train drivers dominate a fresh round of UK-wide strikes Wednesday aimed at securing pay rises that would ease a cost-of-living crisis caused by soaring inflation.
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Business
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Economy
1/30/2023 8:57:13 PM
The Egyptian pound slipped to a new low at over EGP 30 against the US dollar on Monday as the country battles rising inflation and a shortage in foreign currency sparked by the global economic crisis.
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Business
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Economy
1/27/2023 2:14:05 PM
Britain's Treasury chief said Friday that taming inflation is more important than cutting taxes, resisting calls from some in the governing Conservative Party for immediate tax breaks for businesses and voters.
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World
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International
1/26/2023 2:53:26 PM
Thousands of workers in Cyprus, including government employees, teachers, and builders walked off the job Thursday for an island-wide, three-hour work stoppage to protest what they claim is employers' backpedaling on a deal for inflation-linked pay increases.
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Business
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Economy
1/24/2023 4:20:19 PM
The eurozone economy grew in January for the first time in six months, a closely watched survey showed Tuesday, raising hopes that Europe will avoid a recession this winter.
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Business
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Economy
1/23/2023 10:12:03 PM
European Central Bank chief Christine Lagarde said Monday that interest rates need to continue rising at a "steady pace" in order to avoid inflation becoming entrenched.
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Business
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Economy
1/23/2023 5:51:20 PM
Stock markets headed higher Monday as investors eyed less aggressive US interest rate hikes this year with inflation starting to cool from sky-high levels
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World
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International
1/20/2023 2:25:44 PM
UK retail sales slid one percent in December, the key Christmas trading period, with consumers hit by sky-high inflation, official data showed Friday.
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Business
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Energy
1/19/2023 10:41:21 PM
Plunging wholesale gas prices have sparked speculation of an end to Europe's energy crisis -- but consumers' electricity and gas bills remain sky high, fuelling runaway inflation.
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Business
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Economy
1/18/2023 4:34:14 PM
Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth straight monthly slowdown and a hopeful sign that inflation pressures will continue to cool.
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Business
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Economy
1/18/2023 12:08:17 PM
Taiwan's economy shrank in the final quarter of 2022, the government said Wednesday, in the island's worst quarterly contraction since it was hammed by the global financial crisis in late 2009.
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