inflation
In surprise move, CBE hikes key interest rates
Business
May 22, 2017
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
May 18, 2017
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
May 11, 2017
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
April 18, 2017
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
April 10, 2017
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
March 31, 2017
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
March 20, 2017
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
January 20, 2017
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
January 11, 2017
‘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
November 14, 2016
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…