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Mohamed Abu Basha

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Mohamed Abu Basha

Mohamed Abu Basha latest

The Turkish lira lost about 20 percent of its value against the US dollar. (Shutterstock)
August 16th, 2018 - 09:03 GMT

Interest Rates to Remain Unchanged in Egypt Despite Turkish Lira Crisis

The Central Bank of Egypt's monetary policy committee is expected to keep interest rates unchanged when it meets on Thursday despite concerns about inflation and the plunge in the lira of Turkey
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Egypt, which has been facing foreign currency shortages, devalued the pound to 8.78 in March then hiked key rates by 150 basis points just days later to control inflation. (File photo)
July 26th, 2016 - 10:00 GMT

Egypt’s Central Bank expected to maintain rate at monetary policy meeting

Al Bawaba
July 24th, 2015 - 08:44 GMT

Egypt targets economic growth of nearly 5 percent in first quarter

One of the two largest gas fields in Israel, Tamar was discovered in the eastern Mediterranean in 2009 and holds an estimated 10 Tcf of gas.
May 7th, 2014 - 08:36 GMT

A cruel role reversal: Israel to export Tamar gas to Egypt

"For example, if you are dressed in a formal suit, you will get a kilogram (kg) of tomatoes for LE5, but if you send your doorman in his robe to buy some, he will get it for LE3.5 or LE3," Diab added.
September 25th, 2013 - 07:26 GMT

Egypt's new government to extend its control over fruits and vegetables

It did not say how much currency it actually sold
May 23rd, 2013 - 10:57 GMT

Egypt manages through the bottleneck, 2nd currency auction succeeds

Egypt's Central Bank auctioned of $600 million to cover key imports yesterday
April 15th, 2013 - 07:35 GMT

Egypt's Central Bank sells banks $600 million to cover key imports

Egypt eyes rising electricity prices as potential cure for summer power cuts
April 9th, 2013 - 08:20 GMT

Egypt using price increase to cool energy use

Inflation in Egypt jumped in February, new statistics show
March 10th, 2013 - 12:18 GMT

Inflation jumps in Egypt

The central bank is likely to keep its interest rates unchanged as inflation is still relatively high
October 12th, 2011 - 08:54 GMT

Egypt inflation slows as food prices ease

Al Bawaba News

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