interest

Sharia does not forbid use of visa cards in purchases: Former Grand Mufti
Egypt

Sharia does not forbid use of visa cards in purchases: Former Grand Mufti

The former Grand Mufti and a member of the Al-Azhar Council of Senior Scholars in Al-Azhar, Ali Gomaa, denied a…
Egypt’s central bank keeps key interest rates unchanged
Economy

Egypt’s central bank keeps key interest rates unchanged

CAIRO, May 23 (Reuters) – Egypt’s central bank on Thursday kept its key interest rates unchanged, in line with a…
Private sector not affected by raising dollar interest rate: experts
Business

Private sector not affected by raising dollar interest rate: experts

Financial experts have said that the private sector will not be affected by the US Federal Reserve Board's decision to…
Negotiations continue with Iraq over bank interest on remittances
Egypt

Negotiations continue with Iraq over bank interest on remittances

The Foreign Ministry said Tuesday that Egypt's negotiations with the Iraqi government will continue over bank interest on remittances for…
Egypt should stand ready to raise rates, IMF says
Business

Egypt should stand ready to raise rates, IMF says

Egypt should be prepared to raise interest rates if inflation does not abate and should work to cut its budget…
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