Doaaa Moneim News Today

Egypt's headline inflation maintained its upward trend in June, reaching 368 percent, compared to 348 percent in May, as announced by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Monday

Egypt’s headline annual inflation rate kept its upturn in July 2023 to hit a new record level, jumping to 382 percent, up from 146 percent recorded in the same month of 2022, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Thursday

The International Monetary Fund (IMF) has raised its projections for Egypt’s inflation in 2023 and 2024 to 244 percent and 32 percent, respectively, up from 216 percent in 2023 and 18 percent in 2024 as projected in April, according to Deputy Director of the Research Department Petya Koeva Brooks

Doaa A Moneim reports on the reasons behind the Central Bank of Egypt’s surprise decision to raise interest rates last week

Against all expectations, the Monetary Policy Committe (MPC) of the Central Bank of Egypt ( CBE) decided on Thursday to raise the key interest rates by one percent (100 bps) in its first meeting in FY20232024 and the fifth in 2023

For the second time since February, the European Bank for Reconstruction and Development (EBRD) has downgraded its forecast for Egypt’s real GDP growth to 42 percent, a 01 percent decrease from its outlook in February and increased its forecast by 02 percent in 2024

The European Bank for Reconstruction and Development (EBRD), the EU and emerging-market asset manager ILX Management announced Wednesday a new partnership aiming to enhance private-sector finance in the EBRD’s regions, including the southern and eastern Mediterranean where Egypt is located

The Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, has deposit $1 billion into the Central Bank of Egypt, which paves the way for the authority to pump new investments into the Egyptian market, Bloomberg said on Wednesday

The Central Bank of Egypt is likely to maintain interest rates at their current level at its meeting this week, reports Doaa A Moneim

Japanese optical, imaging, and industrial producer Canon perceives Egypt as a leading market in North Africa in terms of digital transformation efforts