News
Egypt debt to decline over medium term despite rising pressures: IMF deputy director - Economy - Business
13+ hour, 26+ min ago (460+ words) Egypt's public debt is projected to decline over the medium term despite remaining elevated and facing mounting external pressures, Era Dabla, Deputy Director at the Fiscal Affairs Department of the International Monetary Fund, told Ahram Online. Dabla made her remarks…...
CBE keeps interest rates unchanged amid rising inflation risks, regional uncertainty - Economy - Business
1+ week, 6+ day ago (363+ words) In its first meeting since the eruption of the Iran war, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Thursday to keep key policy interest rates unchanged, citing heightened inflation risks and growing regional…...
Egypt to launch economic database to support private-sector growth - Economy - Business
4+ week, 1+ day ago (387+ words) The Ministry of Industry is collecting data to create an economic database that will help private-sector businesses plan investments and expand production, according to a ministry statement on Tuesday. Minister of Industry Khaled Hashem made these remarks during the annual…...
US dollar slips against EGP at week's end - Economy - Business
1+ mon, 3+ day ago (571+ words) The US dollar rate dropped slightly from EGP 53/ $1 at this week's closing, fluctuating as a response to escalating regional tensions that continue to pressure the currency, according to the Central Bank of Egypt's (CBE) close-of-business data (COB) on Thursday. The…...
Egypt has enough foreign currency to cover state needs during current crisis: PM Madbouly - Economy - Business
1+ mon, 5+ day ago (406+ words) Egypt's Prime Minister Mostafa Madbouly said on Tuesday that Cairo has enough foreign currency to meet the country's needs despite the economic fallout from the ongoing US-Israeli war on Iran. Speaking at a government press conference, Madbouly said the government…...
Asian shares are mixed after heavy selling of potential AI losers hits Wall Street - International - World
1+ mon, 2+ week ago (705+ words) Asian shares were mixed Tuesday after U. S. stocks slumped on heavy selling of shares in companies that could be losers in the artificial-intelligence boom. U. S. futures climbed, and oil prices also gained. Tokyo's Nikkei 225 index surged 0. 9% to 57, 354. 14 as computer-chip related companies advanced....
Rate cut or pause? Egypt's CBE weighs easing as inflation cools, reserves hit record high - Economy - Business
2+ mon, 4+ day ago (849+ words) As the Central Bank of Egypt (CBE)s Monetary Policy Committee (MPC) convenes today, Thursday, for its first meeting of 2026, financial markets are weighing two competing scenarios: a fresh interest rate cut that could extend the current easing cycle, or…...
MPC cuts interest rates by 1%, lowers banks" reserve requirement to 16% - Economy - Business
2+ mon, 3+ day ago (248+ words) The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) cut its key policy rates by 100 basis points at its latest meeting, while the CBE's Board of Directors lowered the required reserve ratio (RRR) for commercial banks to…...