Video: CBE interest rate cuts in the eyes of Moody’s
https://youtu.be/vFtMAKv6-rE Egypt’s interest rate cut and easing inflation will support bank revenues, credit rating agency Moody’s told Daily News Egypt. They cited the Central Bank of Egypt’s (CBE) 1% interest…
Interest rate cut to reduce borrowing costs: Moody’s
Egypt’s key credit challenges, including weak finances, large financing need, and high borrowing cost, drive exposure to interest rate shocks as well as large domestic funding cost to remain high,…
Interest rates reduction decision by CBE is bold, revives investments in all sectors: Beltone
Decision will pave way for new reduction in interest rates in H1 2019
Bundesliga: Bayern have Dortmund in their sights, but Liverpool have Bayern in theirs
Kingsley Coman struck twice as Bayern Munich recovered from a Leon Goretzka own goal after 13 seconds to get all three points in Augsburg. But Liverpool will be watching on,…
Colin Kaepernick reaches settlement on NFL collusion suit
The league has agreed to pay the former star quarterback an undisclosed sum after blacklisting him. Kaepernick has emerged as an advocate and activist after his pre-game demonstrations cost him…
HEDAR contracts with 3 Egyptian plants to produce Libyan, Arab folk fashion
HEDAR, a Libyan garment company, has announced that it has contracted with three of the most famous Egyptian factories for EGP 40m to produce a variety of popular and traditional…
Inaugural Solar, Wind event opens next week in Cairo
Show will take place at Nile Ritz Carlton on 19th, 20th January 2019
German discounters' banana tactics irk Ecuador
Ecuador is the world's largest exporter of bananas. The fruit plays just as big a role as oil for the country's economy and its fight against poverty. Some German discounters…
German DEA acquires new concession for exploration in East Damanhour
The Egyptian Natural Gas Holding Company (EGAS) has granted the German DEA Company a new concession for exploration in East Damanhour, El Beheira governorate. German ambassador to Cairo, Julius Georg…
Egypt’s unemployment rate decreases to 8.9% during Q4 2018: CAPMAS
Egypt’s unemployment rate registered 8.9% of the total labour force in fourth quarter (Q4) of 2018, while it was 10% in Q3 2018, with a decrease of 1.1% and a…