CBE explains its reasoning for raising interest rates by 2%
MPC decided that raising policy rates is necessary to contain inflationary pressures, which is consistent with achieving price stability over the medium term
Egypt raising interest rates to curb inflation comes as surprise: Bloomberg
The CBE decided to implement the largest raise in interest rates in nearly half a decade
Decision to raise interest rate was expected, necessary to control inflation rates: General Division for Communications
Saeed added that the communications and information technology sector will be slightly negatively affected by these decisions after the high operating costs, pointing to the importance of the government providing…
CBE’s interest rate hike to slowdown industrial investments
This is because it hikes the cost of lending by proxy, and an increase in the cost of borrowing would push manufacturers to increase the prices of final products both…
How will the capital market respond to the CBE’s decision to raise interest rates?
The global interest rate hike caused a shock in the financial markets
Egypt follows closely monkeypox spreading in world: Health Ministry
Ministry stresses no suspected cases of monkeypox recorded in Egypt so far
Maait meets with representatives of Morgan Stanley, Bank of America, Bank of New York in London
Diverse stimulus package for economic recovery from current global crisis, in implementation of presidential directives: Maait
Banks in Egypt discuss fate of interests on savings vessels, loans after 2% basic rate hike
Yield on some savings certificates, loan products rises automatically after CBE’s decision
Higher Education Minister discusses cooperation with Egyptian Medical Society in UK
Meeting comes on sidelines of Minister’s tour in Europe including Portugal, Czech Republic, and UK
IDC announces GBM as host partner for 8th IT CEO Summit
IDC research shows that 49% of CEOs in Egypt have accelerated their digital agenda for at least one year - 14% of them for about two years - after the…