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Egypt's central bank makes 1st rate hike since Mar. 2024

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 · 10h · on MSN
Egypt's central bank makes first rate hike since March 2024
CAIRO, Oct 29 (Reuters) - Egypt's central bank raised its key interest rates by 100 basis points on Thursday, the first hike by the bank since March 2024. The monetary policy committee raised the deposit rate to 20% from 19% and the lending rate to 21% from 20%,

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MSN · 1d
Bank of Canada raises key interest rate, says another hike possible
Global News on MSN · 15h
Your Money Matters: What the Bank of Canada rate hike means for you
 · 1d
Bank of Canada raises interest rate for first time in three years
As energy prices continue to rise globally and Canada’s trade relationship with the United States remains uncertain, the Bank of Canada (BOC) has made a decision that hasn’t happened in more than thre...

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 · 1d
David Rosenberg: The BoC’s rate hike is totally unnecessary and premature
 · 1d
Additional interest rate hikes could be coming from Bank of Canada
 · 1d
BoC hikes rate to 2.5% to contain oil-price shock
“With the outlook for inflation substantially higher and the economy showing resilience, an increase in the policy rate is needed to reduce the risk that elevated energy prices could spill over and be...

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Lethbridge Herald · 1d
Bank of Canada’s 1st rate hike in three years won’t be the last, economists argue
 · 1d
Bank of Canada raises interest rate as inflation projected to worsen
2d

Egypt’s parliament approves military support for Saudi Arabia amid Houthi attacks

Egypt has approved military help for Saudi Arabia if requested as Houthi attacks threaten the kingdom and Red Sea shipping. The vote comes as Saudi officials hold talks in Iran amid regional efforts
14hon MSN

IMF aims for Egypt's last program review to be cleared by mid December

Oct 29 (Reuters) - The International Monetary Fund said on Thursday its current mission to Egypt aims to reach a staff-level agreement and bring it to its executive board for approval before mid-December.
2d

Chevron makes 'high-quality' gas discovery offshore Egypt, ministry says

Chevron has unlocked additional natural gas volumes at a well offshore Egypt, the country's Ministry of Petroleum & Mineral Resources said.
2d

Court orders closure of one of Egypt’s last independent media outlets

A court has ordered the closure of one of Egypt’s last independent news outlets, Mada Masr, after convicting its editor-in-chief on charges of operating a website without a license.
12h

Luxor, Egypt, is a top destination for the 2027 total solar eclipse.

Next summer's total solar eclipse, dubbed the 'eclipse of the century,' will have the longest path of totality for the next 100 years. Luxor in Egypt, known for its clear skies and ancient monuments,
1d

Egypt fines prominent editor Lina Attalah and shuts independent news outlet Mada Masr

Warnings of escalating clampdown on press freedom come after Cairo court convicts Attalah of managing an unlicensed website
12d

Egypt's Sisi Says His Presidency Will End in 2030, Outlines Plan to Prepare Future Leaders

CAIRO, Oct 17 (Reuters) - Egyptian ⁠President ⁠Abdel Fattah al-Sisi ⁠said on Saturday that his presidential ​term would end in 2030 and that ‌the question of his ‌departure from office was settled, ⁠reaffirming that ⁠Egypt's constitution would not be amended.
pv magazine International
18h

Scatec secures $217 million for Egypt smelter solar-plus-storage plant

A solar and battery project in Egypt will supply state-owned Egypt Aluminium under a 25-year, sovereign-guaranteed power purchase agreement as the smelter seeks to meet trade-related environmental standards.
Al-Monitor
2d

Egypt orders closure of Mada Masr, releases editor Lina Attalah

The Committee to Protect Journalists has ranked Egypt, which has just ordered the closure of Mada Masr, among the world’s top jailers of journalists.
3don MSN

Egypt signs preliminary financing agreement on $650 million solar project in Upper Egypt

CAIRO, Oct 26 (Reuters) - Egypt has signed a preliminary financing agreement with Norway's Scatec and three multilateral development banks for a $650 million solar power project in the southern province of Qena,
Ahram Online
1d

Telecom Egypt completes landing of 2Africa, world's longest subsea internet cable

The 45,000-kilometre system is built by Alcatel Submarine Networks. It will interconnect 33 countries through 46 landings and provide more than the combined capacity of all existing subsea cables serving Africa.
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