Environment Minister highlights preparations of “Road to COP27” summit in Sharm El-Sheikh
Egypt recently launches National Climate Change Strategy 2050
Wimbledon to be stripped ranking points by ATP and WTA over Russian players ban
The ATP and WTA are the governing bodies of the men’s and women’s tours and had both criticised the decision to ban Russian and Belarusian players from SW19 this year…
ADCB – Egypt sees sturdy jump in net profits of 68% in 1Q 2022
Bank achieves tangible progress in implementing its five-year strategy to enhance brand and increase market share, says Ihab ElSewerky
ABE Chairperson, New Valley Governor open recently developed bank branch in Kharga
ABE’s top priority is to support financial inclusion, in implementation of CBE’s directives, says Alaa Farouk
EBRD offers $25m in finance to SMEs in Egypt through EBank
EBank staff will also receive training and capacity-building opportunities to better serve financial needs of women-led SMEs
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
