Ahram Online According to a report by the World Bank on Tuesday, the economic growth rate projection for the Egyptian economy is expected to rise from 5.9% to 6.1% in the fiscal year (FY) 2021/22. “The Egyptian economy is expected to record 4.8% growth in the FY 2022/23, a 0.7% downgrade …
Read More »
Kate Pickett explains how to turn the vicious circle of inequality and social mistrust into a virtuous one. Kate Pickett* Holidaying on the island of Arran, off the west coast of Scotland, we came upon a geological site known as Hutton’s Unconformity. James Hutton, an 18th-century geologist, became curious about …
Read More »
Egypt Today Egyptian Foreign Minister Sameh Shoukry discussed expanding cooperation with a delegation of executive directors from the World Bank on Monday. The officials explored cooperation opportunities between the bank and African countries to generate clean and renewable energy. “The Egyptian government and the World Bank share the same priorities …
Read More »
Egypt Independent Polls in crisis-ridden Lebanon opened for a high-stakes parliamentary election on Sunday morning. The election was the first in Lebanon since the 2019 popular uprising demanded the downfall of the ruling elite. Demonstrators had blamed political parties for widespread corruption and mismanagement of the country’s public affairs and …
Read More »
Egypt Independent The Egyptian pound recorded its highest exchange rate in a month against the US dollar on Thursday. Dollar price recorded its lowest price, since 20 April, at £E18.32, slightly below the £E18.35 recorded on Wednesday. On 10 April, the dollar was traded for £E18.30. The Egyptian Central Agency …
Read More »
Ahram Online Gold prices in the Egyptian market fell on Monday, amid growing uncertainty cast by an expected rise in the US dollar price and the Russian war in Ukraine repercussions. At the end of Monday’s trading, the price of 21 karat gold declined to £E1,180/ gram, a fall of …
Read More »
Egypt Independent The US dollar exchange rate against the Egyptian pound rose at the beginning of Thursday’s trading, after witnessing a large increase lately followed by a limited decline. Dollar price maintained a relatively stable rate at major Egyptian banks. The Central Bank of Egypt (CBE) offered the lowest rates …
Read More »
Egypt Today The Lebanese Deputy Prime Minister Saada al-Shami announced “the bankruptcy of the state and the Central Bank of Lebanon.” on Monday. “Losses would be distributed on the state, the Banque Du Liban, other banks and depositors. Negotiations are currently underway between the Lebanese government and the International Monetary …
Read More »
Egypt Independent The US dollar exchange rate maintained an average trading price of £E18.27 for purchase and £E18.37 for sale at major Egyptian banks on Wednesday. The Egyptian pound had lost 15.9% of its value against the US dollar last week when the Central Bank of Egypt (CBE) increased interest …
Read More »
Egypt Independent Gold prices in Egypt fell, due to a significant decline in gold prices globally on Monday. Prices declined despite the stability of the US dollar exchange rate against the Egyptian Pound. On Monday, 24-karat gold fell by £E31 and the 18-karat gold marked a £E23 fall in prices …
Read More »
