inflation

In surprise move, CBE hikes key interest rates
Business

In surprise move, CBE hikes key interest rates

The Central Bank of Egypt raised its key interest rates by 200 basis points on Sunday, citing stronger economic growth…
IMF backs Egypt plan to remove fuel subsidies in three years, ease inflation
Economy

IMF backs Egypt plan to remove fuel subsidies in three years, ease inflation

The International Monetary Fund is encouraged by Egypt’s efforts to remove fuel subsidies within three years and push inflation down…
Inflation expected to rise higher as rate reaches 32.9% in April
Business

Inflation expected to rise higher as rate reaches 32.9% in April

The Central Agency for Public Mobilization and Statistics (CAPMAS) has estimated the annual inflation rate in April at 32.9 percent,…
Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank
Business

Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank

Egypt's economy is forecasted to grow 3.9 percent by the end of 2017 and will be largely driven by public…
Egypt’s annual urban consumer price inflation picks up to 30.9 pct in March
Egypt

Egypt’s annual urban consumer price inflation picks up to 30.9 pct in March

Egypt's annual urban consumer price inflation rose in March to 30.9 percent from 30.2 percent in February, the official CAPMAS…
Minister expects inflation rates to decline in November
Business

Minister expects inflation rates to decline in November

Minister of Finance Amr al-Garhy expects inflation rates to decline later this year, in November and December, adding that the…
Egypt on track to receive IMF loan’s second tranche
Egypt

Egypt on track to receive IMF loan’s second tranche

Egypt is on track to receive the second tranche of a US$12 billion three-year loan from the International Monetary Fund…
Egypt’s economy to grow 3.9 percent in 2016/17, missing government target: poll
Business

Egypt’s economy to grow 3.9 percent in 2016/17, missing government target: poll

Egypt's economy will expand by 3.9 percent in the fiscal year ending in June, missing the government's target of around…
‘Crazy’ soaring poultry prices stir people’s anger
Egypt

‘Crazy’ soaring poultry prices stir people’s anger

The prices of poultry, meat and rabbits have witnessed high increases across the country, that people have described as ‘crazy’.In…
Dollar soars as US yields spike; global shares divided
Business

Dollar soars as US yields spike; global shares divided

The US dollar hit an 11-month peak on Monday as the risk of faster domestic inflation and wider budget deficits…
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