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Egypt - Foreign Affairs
7/22/2024 11:50:44 AM
Prime Minister Mostafa Madbouly affirmed on Sunday Egypt's commitment to enhancing economic integration among African nations and improving development rates to raise the living standard across the continent.

Business - Economy
7/18/2024 7:46:41 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) opted to maintain the overnight deposit rate, overnight lending rate, and the rate of the main operation. The discount rate was also held steady at 27.25 percent, 28.25 percent, 27.75 percent, and 27.75 percent, respectively.

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 - Economy
7/16/2024 10:58:30 PM
A senior US central bank official said in remarks prepared for delivery Tuesday that it might be apt to lower interest rates sooner rather than later if the job market cools "too much."

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 - 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
6/24/2024 7:55:57 PM
European stock markets rebounded on Monday despite jitters over the first round of French elections taking place this weekend.

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.

Business - Economy
6/10/2024 4:04:58 PM
After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts.

Business - Economy
6/10/2024 12:29:43 PM
Egypt's annual headline inflation rate has maintained its downturn trend for the third consecutive month, dropping to 27.4 percent in May from 31.8 percent in April, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday.

Business - Economy
6/9/2024 5:32:12 PM
The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data.

Business - Economy
6/6/2024 4:23:20 PM
The European Central Bank made its first interest rate cut since 2019 Thursday, reducing borrowing costs from record highs, but gave few clues about its next move while warning of continuing inflation pressures.

Business - Markets & Companies
6/4/2024 6:07:01 PM
US stocked ticked lower in early trading Tuesday, as investors reacted to underwhelming recent economic data and prepared for the release of key payroll data later this week.

Business - Economy
5/28/2024 10:49:56 PM
Egypt’s Minister of Finance Mohamed Maait said on Tuesday that there will be no increase in income tax rates or brackets, including the commercial and industrial profits tax.

Business - Economy
5/24/2024 1:11:00 PM
The Central Bank of Egypt (CBE) decided to keep the current key interest rates unchanged in its Monetary Policy Committee (MPC) meeting, the last in FY2023/2024, held on Thursday.

Business - Economy
5/23/2024 12:10:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene Thursday to decide on key interest rates for the last time in FY2023/2024, amid expectations that it will maintain the current interest rates as inflation rates have started to take a downward path over the past two months.

Al-Ahram Weekly - Economy
5/22/2024 9:16:00 AM
With the slowdown in inflation and new inflows of foreign funds, the Central Bank of Egypt is likely to keep interest rates unchanged at its meeting this month.

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