During the past few hours, the seventh day published a set of important news, on top of which was the announcement by the Central Bank of Egypt to raise the overnight deposit and lending rates and the price of the main operation of the Central Bank by 200 basis points to reach 13.25%, 14.25% and 13.75%, respectively..
The credit and discount rate was also raised by 200 basis points to reach 713.75%.. The following is a summary of Egypt’s news of the most important news.
The Prime Minister: An agreement was reached with the IMF for a new $3 billion loan
Mostafa Madbouly said that the Egyptian economy is heading towards stability, explaining that the agreement with the IMF amounts to a total of $9 billion, including $3 billion from the International Monetary Fund, $1 billion from the Sustainability Fund, and $5 billion from partner countries for development..
Meanwhile, Central Bank Governor Hassan Abdullah added that reaching an expert-level agreement with the IMF will enhance macroeconomic stability and enhance monetary policy..
He said in a press conference at the headquarters of the Council of Ministers, that the Central Bank aims to double the Egyptian reserves.
And Dr. Mostafa Madbouly, Prime Minister, announced, in a press conference at the Cabinet headquarters, that an agreement was reached at the expert level on reform policies, protecting macro stability, and improving the ability of the Egyptian economy to face crises..
Light rain tomorrow and morning fog on the roads.. and the smallest in Cairo 19 degrees
The Meteorological Authority expects that, tomorrow, Friday, it will witness hot weather during the day in Greater Cairo, Lower Egypt and northern Upper Egypt, moderate on the northern coasts, hot on southern Sinai and southern Upper Egypt, pleasant at the beginning of the night, and cold at the end of it in all parts..
The Meteorological Authority stated that tomorrow will witness chances of light rain, not affecting the Lower Egypt, northwest coasts, northeastern coasts and central Sinai..
Tomorrow will also witness a water mist in the morning on the roads leading to and from Greater Cairo, Lower Egypt, the northern coasts, the Canal cities and central Sinai..
As for the temperatures, tomorrow Friday: Greater Cairo 27 degrees and the smallest 19 degrees, the great Alexandria 26 and the small 20 degrees, the great Matrouh 25 degrees and the low 17 degrees, the great Sohag 29 degrees and the low 16 degrees, the great Qena 30 degrees and the small 17 degrees, and the great Aswan 33 degrees The lowest is 19 degrees.
Traffic diversions due to the closure of Sudan Street for 10 days
The Traffic Department is conducting a total closure of the surface road leading to Sudan Street and adjacent to Ahmed Orabi Bridge to install the concrete beam for the new Ahmed Orabi axis, starting next Sunday and for a period of 10 days to expand and develop the 26th of July axis, amid the presence of traffic services to follow the movement of cars.
A security source, Giza, said that in the context of completing the construction work for the expansion of the 15th of May Bridge in both directions within the governorate, raising and installing the concrete beam for the new Ahmed Orabi axis (as part of the expansion and development project of the alternative 26th of July axis), a distance of 1.5 m will be deducted for cracking. Iron fences and concrete blocks located on the right side of the 15th of May Bridge in both directions to connect the current body of the 15th of May Bridge to the new extension, alternately along the entire length of the bridge for a period of two months, starting from one o’clock on Friday 28/10/2022 until the morning of Sunday 25/12/2022 To be a 24-hour business without disrupting traffic.
Gold prices rise by 37 pounds, and 21 karat records 1175 pounds per gram
Today, gold prices are witnessing a big jump, reaching 37 pounds, to record the price of 21 karat gold, which amounted to 1175 pounds per gram, against the background of the high interest.%.
Gold prices today:
18 caliber recorded 1007 pounds.
21 caliber recorded 1175 pounds.
24 caliber recorded 1343 pounds.
The gold pound is 9400 pounds.
The local gold market has witnessed several changes since the beginning of this week, with prices recording a clear fluctuation between ups and downs due to supply and demand factors, as well as changes in the prices of an ounce of gold on the global stock exchange.
The Football Association officially announces the assignment of the Super Match to Portuguese referee Fabio Verissimo
The Football Association announced the team of referees for the match between Zamalek and Al-Ahly in the Egyptian Super, which will be held tomorrow evening at Hazza Bin Zayed Stadium in the Emirates..
The crew includes both :
Referee: Fabio Verissimo (Portugal)“
First Assistant: Thiago Costa (Portugal)“
Second assistant: Pedro Martinez “Portugal”“
Fourth official: Dragomir Draganov, Bulgaria“
Video Referee: Bruno Esteves, Portugal“
Video Assistant Referee: Ivalio Styanov, Bulgaria“