inflation
Why Starbucks is closing hundreds of stores
World
September 26, 2025
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
September 12, 2025
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
August 29, 2025
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
May 23, 2025
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
May 2, 2025
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
April 4, 2025
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
February 27, 2025
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
February 7, 2025
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
January 9, 2025
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
December 26, 2024
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…