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Yousef Saba

UPDATE 3-Egypt's central bank cuts rates by 150 bps after inflation slows

22 Aug 2019

CAIRO, Aug 22 Egypt's central bank on Thursday cut the overnight deposit rate by 150 basis points to 14.25%, its first cut since February, after July inflation figures came in significantly below expectations.

Rights groups criticize U.N.decision to hold conference on torture in Egypt

15 Aug 2019

CAIRO Human rights activists on Thursday criticized a United Nations decision to hold a conference in Cairo on torture with an Egyptian state organization.

Egypt's GDP growth seen slowing to 5.5% in current fiscal year: Reuters poll

24 Jul 2019

CAIRO Egypt's economic growth is expected to slow to 5.5% in the fiscal year that began this month, below the government's target, and 5.8% the following year, a Reuters poll showed, as Cairo nears the end of an IMF-backed economic reform program.

UPDATE 4-Egypt headline inflation falls to surprising 9.4% in June

10 Jul 2019

* Fuel price hikes seen pushing inflation in July (Adds core inflation, detail)

RPT-POLL-Egypt's central bank seen holding key interest rates

09 Jul 2019

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=EGINTR%3DECI for poll data

POLL-Egypt's central bank seen holding key interest rates

09 Jul 2019

CAIRO, July 9 Egypt's central bank is likely to maintain interest rates at their current level on Thursday, a Reuters poll showed, as analysts foresaw a spike in inflation after a hike in fuel prices last week.

Egypt fans bitter as unloved team crash out of African Cup

07 Jul 2019

CAIRO Egyptian football fans reacted with anger and sorrow on Sunday after the host team tumbled out of the Africa Cup of Nations in the second round following a lacklustre run marred by a controversy over alleged sexual harassment.

UPDATE 2-Egypt current account deficit nearly doubles in Jan-March

04 Jul 2019

* Net FDI falls to $1.81 bln from $2.26 bln (Recasts with figures for third quarter, adds analyst comment)

Despite need for Sinai funds, Egypt unlikely to join Kushner plan

27 Jun 2019

CAIRO A U.S.-proposed $9 billion (£7 billion) aid package could tempt Egypt with long-sought financing to transform its strife-torn Sinai peninsula, but analysts say political risks are likely to outweigh any potential financial benefit.

Egypt votes in referendum that could keep Sisi in power until 2030

20 Apr 2019

CAIRO Egyptians voted on Saturday in a three-day referendum on constitutional changes that could allow President Abdel Fattah al-Sisi to stay in office until 2030 and boost the role of the powerful military.

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