Por: Associated Press Business December 23, 2022
CAIRO (AP) — The Central Bank of Egypt raised interest rates Thursday as the country continues to battle double-digit inflation amid a sharp currency devaluation. In a statement, the bank’s monetary policy committee announced that the most basic lending rate, the overnight deposit rate, was increased from 13.25% to 16.25%. Egypt’s economy has been hit hard by the coronavirus pandemic, years of government austerity measures, and fallout... + full article
ABC News USA World December 23, 2022
CAIRO -- The Central Bank of Egypt raised interest rates Thursday as the country continues to battle double-digit inflation amid a sharp currency devaluation. In a statement, the bank's monetary policy committee announced that the most basic lending rate, the overnight... + más
Inside Egypt’s New Deal With The IMF — Can It Put A Stop To Egypt’s Debt Crisis? | Forbes
In Egypt, host of COP27, a small step toward green energy | ABC News
Associated Press USA Health November 11, 2022
BENBAN, Egypt (AP) — From a distance, the endless landscape of solar panels stretching toward the horizon can easily be mistaken for crops nearing harvest. But here in the desert in southern Egypt, workers have been cultivating another precious commodity: electricity. After... + más
Climate talks host Egypt gets green energy, transport deals | Associated Press
ABC News USA World November 11, 2022
BENBAN, Egypt -- From a distance, the endless landscape of solar panels stretching toward the horizon can easily be mistaken for crops nearing harvest. But here in the desert in southern Egypt, workers have been cultivating another precious commodity: electricity. After the sun... + más
Climate talks host Egypt gets green energy, transport deals | ABC News
Associated Press USA Business November 09, 2022
SHARM EL-SHEIKH, Egypt (AP) — Egypt, the host of this year’s U.N. climate talks, is racking up a number of deals to green its energy and transport systems still heavily reliant on heavily polluting fossil fuels.The agreements include a $10 billion investment to replace... + más
ABC News USA World November 09, 2022
SHARM EL-SHEIKH, Egypt -- Egypt, the host of this year's U.N. climate talks, is racking up a number of deals to green its energy and transport systems still heavily reliant on heavily polluting fossil fuels.The agreements include a $10 billion investment to replace... + más
Forbes USA Business November 06, 2022
GIZA, EGYPTGetty Images Key Takeaways The Egyptian economy has struggled for the past 10 years as misfortune and poor decision-making have hurt the economy and, in turn, the well-being of Egyptian citizens. So Egypt and the International Monetary Fund (IMF) recently agreed on a... + más
Is This the End of ‘Socialism for the Rich’? | The Atlantic
Egypt, IMF reach preliminary agreement for $3 billion loan | ABC News
ABC News USA World October 27, 2022
CAIRO -- The International Monetary Fund reached a preliminary agreement with the Egyptian government Thursday that paves the way for the economically troubled Arab nation to access a $3 billion loan, officials said Thursday.IMF officials said a staff agreement between the... + más
Egypt, IMF reach preliminary agreement for $3 billion loan | Associated Press
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