Page 9 - Patrick Werr News Today

CAIRO (Reuters) - The Central Bank of Egypt (CBE) is expected to leave its overnight interest rates unchanged on Thursday after President Abdel-Fattah...

The Central Bank of Egypt (CBE) is expected to leave its overnight interest rates unchanged on Thursday after President Abdel-Fattah al-Sisi appeared to rule out any devaluation of the currency in coming months, a Reuters poll showed on Monday.

(Adds details, background) By Hadeel Al Sayegh, Andrew Mills and Patrick Werr DUBAI, June 14 (Reuters) - Qatar's sovereign wealth fund is in talks with Egypt about potentially investing in seven historic hotels there, in what could be a landmark deal between the two countries that restored diplomatic ties in 2021 after a long-running dispute. The Qatar Investment Authority (QIA) is in talks

The Qatar Investment Authority is in talks with The Sovereign Wealth Fund of Egypt about the deal, said two sources

Qatar's sovereign wealth fund is in talks with Egypt about potentially investing in seven historic hotels there, in what could be a landmark deal between the two countries that restored diplomatic ties in 2021 after a long-running dispute.

CAIRO (Reuters) - Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound budget for the financial year starting on July 1, a document seen by Reuters on Tuesday showed.

Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound budget for the financial year starting on July 1, a document seen by Reuters on Tuesday showed.

The invitation went to local and international bancks, said the sources, declining to be identified as the matter is not public

By Nayera Abdallah and Nadine Awadalla CAIRO (Reuters) - Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound budget for the financial year starting on July 1, a document seen by Reuters on Tuesday showed. Egypt, a nation of 105 million people, is one of the world's biggest wheat importers and also relies on imports

Month-on-month, urban inflation increased to 2.7% from 1.7% in April