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Moody’s AFP

Upgrading Egypt’s economic outlook stimulus for investments, growth rate

Since the 25 January Revolution, Egypt’s economic outlook was downgraded several times by international credit rating agencies. The downgrades came about due to violence and political instability, which took a massive toll on investments and foreign reserves. In the wake of calls for protests on 30 June, Egypt’s economy saw a credit ratings cut on 21 …

Hend El-Behary

CBE leaves key overnight rates on hold

Reuters – Egypt’s central bank kept its official interest rates on hold as expected at a monetary policy committee meeting on Thursday, as the government tries to stimulate the economy while keeping inflation in check. Egypt’s economy has been battered by three years of political instability since a popular uprising ousted autocrat Hosni Mubarak in 2011, causing tourists and …

Daily News Egypt

Central Bank of Egypt cuts key interest rates

Reuters – Egypt’s central bank cut its key interest rates by 50 basis points in a surprise move at a monetary policy meeting on Thursday. At its last meeting on 31 October, the central bank kept its rates on hold in an effort to balance inflation pressures while the government attempts to stimulate the economy. It had …

Daily News Egypt

CAPMAS: Tourism up by 8.3 percent

The Central Agency for Public Mobilisation and Statistics (CAPMAS) released yesterday the latest figures on tourism during July showing an 8.3 percent increase in the number of tourists from around the globe from the same month last year. According to the latest CAPMAS tourism figures, up to one million tourists visited Egypt during July, compared …

Islam Serour

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