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Video: CBE interest rate cuts in the eyes of Moody’s

Egypt’s interest rate cut and easing inflation will support bank revenues, credit rating agency Moody’s told Daily News Egypt. They cited the Central Bank of Egypt’s (CBE) 1% interest rate cut as credit positive for banks. Accordingly, as inflation is currently below the CBE’s 9% target, Moody’s forecasts further rate cuts over the next year, …

Daily News Egypt

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Video: Oldest watch shop in Cairo to be demolished

  Video by Asmaa Gamal   Egypt’s oldest watch shop in Cairo store located in Cairo’s Maspero triangle was demolished on 5 and 6 September. The watch shop dates back to 1907 and was established by a Bulgarian watchmaker called Solomon Hinhayat, and two other partners, George, and Haj Ahmed. Since, it had been operational …

Daily News Egypt

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Taksir Sharqi: a band bonded by love and great music

  Coming from the word broken, Taksir Sharqi refers to broken rhythms, says Ahmed Omran the founder and mastermind leading the band. The word truly reflects their music: chains of musical statements interwoven with other harmonious melodies into a whole unlike anything you’ve heard in recent musical creations, a truly enjoyable and elegantly subtle mix …

Daily News Egypt