Business

US Fed likely to cut interest rates

Jerome H. Powell, Chair, Board of Governors of the Federal Reserve, said that time has come for the monetary policy to adjust.

“Inflation has declined significantly. The labor market is no longer overheated, and conditions are now less tight than th…

Cabinet approves MoU with EU to boost economy by one billion euros

The cabinet under Moustafa Madbouli approved on Thursday 22/8/2024 a presidential decree approving a memo of understanding with the EU to boost Egypt’s economy and budget by one billion euros.

The financial assistance aims at easing foreign financing…