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.
CAIRO Human rights activists on Thursday criticized a United Nations decision to hold a conference in Cairo on torture with an Egyptian state organization.
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.
* Fuel price hikes seen pushing inflation in July
(Adds core inflation, detail)
for poll data
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.
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.
* Net FDI falls to $1.81 bln from $2.26 bln
(Recasts with figures for third quarter, adds analyst comment)
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.
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.