Friday, May 9, 2025

curb inflation

The Central Bank of Egypt withdraws 1.05 trillion pounds of bank liquidity to curb inflation

The Central Bank of Egypt withdrew a record amount of surplus bank liquidity in a historic weekly tender, with the aim of controlling inflation and lowering prices. The Central Bank of Egypt withdrew 1.050 trillion pounds from the surplus liquidity...

Central Bank of Egypt raises interest rates by 600 points to curb inflation

The Central Bank of Egypt's decision aims to absorb cash liquidity from the market and reduce demand for goods and services, which may contribute to reducing the inflation rate in the medium term. The Central Bank of Egypt held an...

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Abu Dhabi schools enforce ban on phones, smartwatches

Abu Dhabi: Most public and private schools have begun strictly enforcing the ban on bringing mobile phones and smartwatches...

UAE airlines suspend flights to Pakistan after India’s ‘Operation Sindoor’

Flights between Pakistan and the UAE via Emirates remain suspended until Saturday, May 10, “due to ongoing uncertainty surrounding access to Pakistan’s airspace and...

UAE: Delivery riders not allowed on fast lanes as Ajman announces traffic rule

Delivery riders must adhere to the right lanes of the road in Ajman, authorities announced on Thursday. They are not permitted to use the...

Dubai travel: Emirates to launch daily non-stop flights to Hangzhou

Emirates is set to launch a daily non-stop service between Dubai and Hangzhou from July 30. The airline’s latest expansion into Hangzhou makes the...

Dubai: Private parking fees double in some areas; motorists urge action amid soaring rates

Hameed Hashim, a rice trader living in Al Warqa and operating his wholesale business in Al Ras, said he is now spending more on...