inflation
Expectations of unprecedented inflation in Egypt
Business
November 10, 2023
Expectations of unprecedented inflation in Egypt
The head of Egypt’s sovereign wealth fund Ayman Soliman said that Egypt’s inflation, which has accelerated to record levels, has…
Maait: Geopolitics tensions led to rising cost of living
Economy
October 15, 2023
Maait: Geopolitics tensions led to rising cost of living
Finance Minister Mohamed Maait said the ministry is seeking to receive a realistic and analytical vision from international financial institutions…
CBE: Annual inflation rate declines to 40.7 percent in July
Egypt
August 12, 2023
CBE: Annual inflation rate declines to 40.7 percent in July
Egypt’s annual core inflation rate slightly declined to 40.7 percent in July 2023 from 41 percent in June, according to…
CAPMAS: Monthly inflation rate up by two percent in July
Egypt
August 11, 2023
CAPMAS: Monthly inflation rate up by two percent in July
The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the inflation rate recorded 181.1 points in July, marking…
CBE raises interest rates by 100 basis points
Economy
August 4, 2023
CBE raises interest rates by 100 basis points
The Monetary Policy Committee of the Central Bank of Egypt during its Thursday meeting raised overnight interest rates by 100…
Gas prices just saw their biggest one-day increase in a year
World
July 26, 2023
Gas prices just saw their biggest one-day increase in a year
New York CNN — The monthslong calm in gas prices is over. The national average price for a gallon of…
Mashat: Global inflation, economic repercussions upped development requirements
Egypt
July 12, 2023
Mashat: Global inflation, economic repercussions upped development requirements
International Cooperation Minister Rania al-Mashat asserted the development cooperation has played an active role in financing development and climate action…
Egypt’s government is not doing enough to curb inflation: Expert
Business
July 11, 2023
Egypt’s government is not doing enough to curb inflation: Expert
Economic expert Mostafa Badra said on Monday that the Egyptian government is not doing enough to confront high inflation at…
Inflation rate increases by 1.8% in April: CAPMAS
Egypt
May 11, 2023
Inflation rate increases by 1.8% in April: CAPMAS
The inflation rate in April increased by 1.8% recording 169.6 points more than March, the Central Agency for Public Mobilization…
China factory activity unexpectedly cools in April
World
May 2, 2023
China factory activity unexpectedly cools in April
Beijing Reuters — China’s manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking…