inflation

Why Starbucks is closing hundreds of stores
World

Why Starbucks is closing hundreds of stores

The days of a Starbucks on every corner seem to be coming to an end. For years, Starbucks staked its…
Gold heads for fourth weekly gain amid rate cut expectations
Business

Gold heads for fourth weekly gain amid rate cut expectations

Global gold prices rose during early trading on Friday, heading for their fourth consecutive weekly increase. The growing concerns about…
Central Bank of Egypt cuts interest rates by 2%
Business

Central Bank of Egypt cuts interest rates by 2%

The Central Bank of Egypt (CBE) decided on Thursday evening to cut interest rates on deposits and lending by 2…
Central Bank of Egypt cuts key interest rates
Business

Central Bank of Egypt cuts key interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE), at the conclusion of its meeting this Thursday,…
Egypt’s rate cut on thin ice? IMF issues stark warning
Business

Egypt’s rate cut on thin ice? IMF issues stark warning

The International Monetary Fund (IMF) has called on Egypt to exercise caution in its path of interest rate cuts, given the…
Goldman Sachs lowers US yield outlook, cites tariff-driven slowdown
Business

Goldman Sachs lowers US yield outlook, cites tariff-driven slowdown

Goldman Sachs has lowered its forecasts for US debt yields by the end of 2025, citing the potential for an…
Egypt unveils LE200 billion relief package amid inflation
Business

Egypt unveils LE200 billion relief package amid inflation

Egypt has launched a new social package on Thursday to support groups impacted by rising prices, worth LE200 billion (US$4…
Egypt awaits IMF decision on $1.2 billion loan disbursement
Business

Egypt awaits IMF decision on $1.2 billion loan disbursement

Julie Kozack, the spokesperson for the International Monetary Fund (IMF), stated that the Fund’s Executive Board will discuss the disbursement…
CAPMAS: Annual inflation rate declines to 23.4 percent in December
Economy

CAPMAS: Annual inflation rate declines to 23.4 percent in December

Egypt’s annual inflation rate declined to 23.4 percent in December 2024 against 25 percent in November, the Central Agency for…
Egypt’s core inflation dips below 24 percent
Business

Egypt’s core inflation dips below 24 percent

The Chairman of the National Bank of Egypt, Mohamed al-Etreby, announced that interest rates are expected to decrease by three…
Back to top button