interest rates

Gold ounce will not drop below $4,000 until the end of 2026: World Gold Council
Economy

Gold ounce will not drop below $4,000 until the end of 2026: World Gold Council

Andrew Naylor, Head of Middle East and Public Policy at the World Gold Council, stated that the direction of gold…
CBE holds interest rates steady, citing inflation risks and ‘wait-and-see’ approach
Business

CBE holds interest rates steady, citing inflation risks and ‘wait-and-see’ approach

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) met on Thursday, and decided to maintain key…
CBE’s Monetary Policy Committee to convene on November 20
Business

CBE’s Monetary Policy Committee to convene on November 20

The Central Bank of Egypt (CBE) will hold its highly anticipated meeting on Thursday, November 20th. This will be the…
Gold heads for fourth weekly gain amid rate cut expectations
Business

Gold heads for fourth weekly gain amid rate cut expectations

Global gold prices rose during early trading on Friday, heading for their fourth consecutive weekly increase. The growing concerns about…
Egypt’s inflation surges at fastest pace this year in May
Business

Egypt’s inflation surges at fastest pace this year in May

Egypt’s urban inflation rate saw its fastest acceleration of the year in May, reaching 16.8 percent year-on-year, up from 13.9…
Central Bank of Egypt cuts key interest rates
Business

Central Bank of Egypt cuts key interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE), at the conclusion of its meeting this Thursday,…
Egyptian banks cut interest rates on variable certificates following Central Bank move
Business

Egyptian banks cut interest rates on variable certificates following Central Bank move

In an automatic move responding to the Central Bank of Egypt’s reduction of key interest rates, banks operating in Egypt…
Central Bank of Egypt to cut interest rates, expert says
Business

Central Bank of Egypt to cut interest rates, expert says

Banking expert Tarek Metwally anticipates the Central Bank of Egypt (CBE) to cut interest rates by 200 basis points (equivalent…
CBE may cut interest rates by 6% in next 2 meetings: J.P. Morgan
Economy

CBE may cut interest rates by 6% in next 2 meetings: J.P. Morgan

American multinational financial firm J.P. Morgan anticipates interest rates in Egypt to be cut by six percent during the Central…
CBE maintains overnight deposit and lending rates
Egypt

CBE maintains overnight deposit and lending rates

The Monetary Policy Committee of the Central Bank of Egypt decided in its meeting on Thursday to maintain the overnight…
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