Egypt’s investments hit EGP1.6t in FY 23/2024
Egypt's total investments under the fiscal year plan 2023/24 have reached 1.6 trillion Egyptian pounds, with an…
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China reveals key interest rate reform to support a slowing economy
China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for…
Bank of Japan: no rate hike ‘for an extended time’
The Bank of Japan is unlikely to raise interest rates for “quite some time” and recent steps to make policy more…
Egypt’s unemployment rate fall 10.6% in Q1
Egypt's unemployment rate dropped to 10.6 percent in the first quarter of 2018, in comparison to 12 percent in 2017…
World Bank expects Egypt economy to grow 5 percent in 2018
The World Bank (WB) raised its forecast for the growth rate of the Egyptian economy to grow 5 percent in the…
Egypt to maintain customs exchange rate at 16 pounds per $1 for 6 month in a row
Egypt has decided to maintain its current customs exchange rate of EGP 16 per $1, effective in April, for the…
Dollar firm as market looks to Fed for rate hike outlook
The dollar held firm against major currencies on Wednesday as traders look to whether the U.S. Federal Reserve…
Gold inches lower ahead of key US data
Gold prices crept lower on Tuesday on a firmer dollar as investors waited for U.S. consumer price data due later…
Egypt to maintain customs exchange rate at 16 pounds per $1 in March
Egypt will maintain its current customs exchange rate of 16 Egyptian pounds per 1 US dollar, effective until the…
Gold prices flat, Fed’s rate hike outlook weighs
Gold prices were unchanged near a more than two-week low early on Wednesday, as the dollar held recent highs after…
Egypt’s economic growth rate registered 5.3 percent in Q2 of FY 2017/2018
Egypt’s economic growth rate registered 5.3 percent during the second quarter of the current fiscal year (FY)…
Self-sufficiency rates of wheat, meat, rice decline 2.3% in Egypt
Egypt's state-run statics agency (CAPMAS) said Sunday that the county's self-sufficiency rate of wheat went down by…
Egypt targets 5.5% economic growth in FY2017/18: minister
Egypt rose expectations for targeted economic growth in the current financial year 2017/2018 to between 5.3% and…
Egypt to raise economic growth rate by 6% this year
Egypt plans to raise economic growth rate by six percent within 2018, according to the vice minister of finance…
Central Bank of Egypt leaves interest rates unchanged
The Central Bank of Egypt kept its interest rates unchanged in its Monetary Policy Committee (MPC) on Thursday,…
Growth rate has increased due to investment surge, says Egypt’s minister
Egypt’s Minister of Planning Hala Al-Saeed said Thursday that a rise in investments in the country has…
Gold prices steady, but Fed rate hike concerns weigh
Gold held steady on Monday, but hovered near a one-week low hit in the previous session, as largely upbeat U.S.…
Egypt to keep customs exchange rate at 16 pounds in November
Egypt will keep its customs exchange rate unchanged at 16 pounds per dollar for November, the finance ministry said…
Europe shares close lower after disappointing US jobs report
The pan-European Stoxx 600 provisionally finished down 0.40 percent, having come under pressure after the poor…
Minister: Egypt to keep customs dollar rate at 16 pounds in October
Egypt will keep a customs dollar rate at a fixed 16 pounds for October effective the first of the month, Finance…
Egypt’s annual inflation rate falls 31.9% in August
Egypt’s annual urban consumer price inflation eased slightly in August to 31.9 percent from 33.0 percent in July,…
Dollar extends drop on outlook for Fed, ECB policy
U.S. dollar hit a more than 2-½-year low against a basket of major rivals on Friday on reduced expectations for…
Italy enjoys best growth in annual economy since 2011
Italy posted its best annual economic growth figures since 2011 on Wednesday, its gross domestic product outdoing…
U.S. dollar maintains price in Egyptian banks
The US exchange rate against the Egyptian pound maintained its rates within bank dealings on Sunday. According to…
Dollar prices inches up from 15-month low
Dollar inched away from a 15-month low versus a basket of currencies on Thursday, but was still looking wobbly…
Dollar prices struggle on policy uncertainty, political woes
U.S. dollar struggled on Monday, wallowing near a 2-1/2-year low against the euro, weighed down by U.S. political…
HC expects fall in US dollar to hit 15.72 Egyptian pounds at end-FY2017/18
HC Securities and Investment expected Tuesday that U.S. dollar's exchange rate will drop to 15.72 Egyptian pounds…
European markets seen higher, ECB meeting in focus
European bourses are expected to open higher on Thursday, supported by a surge in global stocks, as investors…
Egypt’s FY2017 economic growth not below 4%: minister
Egypt's economic growth rate would not fall below for during the financial year 2016/2017 four percent.As for the…
Egypt’s CAPMAS: inflation rate rises by 29.8% in June
The annual urban inflation rose to 29.8 percent in June from 29.7 percent in May, Egypt's Central Agency for…
Dollar advance stalls as oil slides, pound struggles near 2-month low
Dollar prices pulled back from one-month highs against a basket of currencies on Wednesday as tumbling oil prices…
CBE: Egypt’s core inflation eases slightly by 30.57% in May
Egypt's core inflation declined to 30.57 percent year-on-year in May from 32.06 percent in April and 32.25 percent…
Wall Street to open little changed ahead of Fed minutes
U.S. stocks looked set to open little changed on Wednesday ahead of the Federal Reserve releasing the minutes of…
Dollar pressured by US political turmoil, strong eurozone data
The dollar nursed its losses on Wednesday after taking a hit from solid eurozone economic data, a fall in U.S.…
Gold rises for a fourth day as dollar eases on weak US data
Gold prices rose for a fourth day on Tuesday as the dollar eased on signs of slower economic activity in the…
Dollar drops against euro after weak US economic data
U.S. dollar edged lower against the euro and eased off a one-month high against the yen on Monday after weak U.S.…
Egypt Central Bank sees pound’s real exchange rate appreciating
Egypt’s improved competitiveness after November 3 floating of the currency is unlikely to be negatively affected by…
Dollar prices pull higher on Fed talk
U.S. dollar pulled away from 4-1/2-month lows against a currency basket on Wednesday after solid data backed…
Egypt wins shootout to reach Afcon final
Egypt reached a record-equalling ninth Africa Cup of Nations final, beating Burkina Faso 4-3 on penalties after a…
Egypt’s economic growth rate up to 3.4% in Q1 of 2016/17
Egypt's economic growth rate registered 3.4 percent of the Gross Domestic Product (GDP) in the first quarter of…