Page 4 - Patrick Werr News Today

Egyptian economic growth will be slower than previously expected as its pound weakens, inflation cuts into purchasing power and fallout from the Gaza crisis eats into the country's main sources of foreign currency, a Reuters poll showed on Wednesday. The crisis in neighbouring Gaza that started in October has also weakened the tourism outlook. "Developments over the past month have seen the country being hit hard from various angles and directly to its main revenue generators," ...

Egyptian economic growth will be slower than previously expected as its pound weakens, inflation cuts into purchasing power and fallout from the Gaza crisis eats into the countrys main sources of...

By Patrick Werr CAIRO (Reuters) - Egypts sovereign wealth fund is finalising a masterplan to revamp Cairos historic centre now that government ...

By Krishn Kaushik, Idrees Ali and Phil Stewart NEW DELHI/WASHINGTON (Reuters) -The Indian Navy said on Thursday it had rescued the crew of a U.S.-owned vessel in the Gulf of Aden after an attack by Yemens Houthi movement as tensions in the regions sea lanes disrupted global trade. Following the attack on the U.S. Genco Picardy late on Wednesday, the U.S. military said its forces had conducted strikes on 14 Houthi missiles that presented an imminent threat to merchant vessels and U.S. Navy ships ...

A sharp downturn in revenue after sea attacks by Yemens Houthis diverted away shipping away from the Suez Canal has struck a painful new blow to Egypts already deteriorating economy, adding urgency...

Egypts inflation rate probably fell for a third straight month in December on lower food prices, but may see an uptick in coming months after recent government price rises and a possible currency...

Egypt's inflation rate probably fell for a third straight month in December on lower food prices, but may see an uptick in coming months after recent government price rises and a possible currency devaluation, a Reuters poll showed on Monday. Inflation has eased from a historic high of 38.0% in September, but inflation risks are growing again. "The various price hikes announced last week are likely to drive inflation higher in the January inflation print released in early February,&#...

Egypts two main state banks raised the yield on their one-year local currency certificates of deposit on Thursday, heralding an imminent currency devaluation and a likely rise in the central banks... -January 04, 2024 at 12:26 pm EST - MarketScreener

Egypt initialed an agreement with Abu Dhabis AD Ports Group to develop, operate and maintain terminals for passengers and cruise lines at the Red Sea ports of Hurghada, Safaga and Sharm El Sheikh,...

Egypts state-owned bank Banque Misr has raised the yield on one-year certificates of deposit to up to 27% annually, it said in a statement on Thursday. ... -January 04, 2024 at 11:24 am EST - MarketScreener