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Yousef Saba

UPDATE 2-Egypt's central bank makes third straight cut to interest rates

14 Nov 2019

CAIRO, Nov 14 Egypt's central bank cut its key interest rates on Thursday at its third consecutive policy meeting since August, after inflation fell to its lowest in nearly 14 years and central banks continued to ease monetary policy globally.

Egypt's central bank seen making third straight cut to key rates: Reuters poll

12 Nov 2019

CAIRO Egypt's central bank will likely make a third consecutive cut to its key interest rates on Thursday, a Reuters poll showed, as inflation fell to its lowest in nearly 14 years in October.

Ride-hailing market revs up in Egypt

06 Nov 2019

CAIRO Competition in Egypt's ride-hailing and tech-enabled transport market is heating up as rivals from global giant Uber to smaller local firms vie for a slice of the Middle East's largest market.

CORRECTED-Ride-hailing market revs up in Egypt

06 Nov 2019

CAIRO, Nov 6 Competition in Egypt's ride-hailing and tech-enabled transport market is heating up as rivals from global giant Uber to smaller local firms vie for a slice of the Middle East's largest market.

UPDATE 1-Iraq imports 7 gigawatts of electricity from Iran, says official

06 Nov 2019

CAIRO, Nov 6 Iraq imports 7 gigawatts (GW) of electricity from Iran to make up the shortfall between domestic power production and the country's needs, a power ministry official said on Wednesday.

Egypt plays host as women's world champion to earn more prize money than men's

31 Oct 2019

CAIRO The female world squash champion will receive more prize money than the male equivalent for the first time at the CIB PSA Women's World Championship in Egypt this month as the sport takes gender equality to a new level.

Egypt's growth seen at 5.5% in fiscal year 2019/20, 5.7% next fiscal year: Reuetrs poll

23 Oct 2019

CAIRO Egypt's economy is expected to grow 5.5% in the fiscal year that began on July 1 and 5.7% the following year, a Reuters poll showed, as Cairo wraps up an IMF-backed economic reform program.

IMF expects Egypt economy to grow 5.9% in year to end of June

15 Oct 2019

CAIRO Egypt's economy is expected to grow 5.9% in the year ending in June, the International Monetary Fund said on Tuesday -- unchanged from its April forecast but below the government's target of 6% to 7%.

CORRECTED-World Bank sees Egypt economy growing 5.8% in 2019/20

15 Oct 2019

CAIRO, Oct 10 The World Bank forecast on Thursday that Egypt's economy would grow by 5.8% this fiscal year, lower than the government's target of 6-7% but in line with the bank's expectation six months ago.

Egypt's central bank makes second consecutive cut to key rates

26 Sep 2019

CAIRO Egypt's central bank on Thursday cut its key interest rates for the second month in a row, after inflation fell further and as central banks globally ease monetary policy.

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