EBRD: Egypt’s GDP to grow 3.8% in FY2025, 4.4% in FY ’26
The European Bank for Reconstruction and Development (EBRD) raised its forecast for Egypt’s economic growth to 3.8…
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inflation rates
Egypt’s inflation hits lowest rate since ’23
The decision to unify the exchange rate in March 2024, along with bold monetary policy decisions, has significantly…
German metalworkers union sticks to 7% pay raise demand
Germany's largest industrial union, IG Metall, has officially backed a 7 per cent wage increase demand, reiterating…
Eurozone economy surges to 12-month high in May
The eurozone economy has shown signs of robust growth, reaching a 12-month high as the Eurozone Composite PMI…
Egypt caps public investment at EGP 1t to combat inflation
Egypt aims to reduce inflation rates by cutting public investments to one trillion Egyptian pounds.
S. Arabia’s inflation edges up to 1.6% in April – GASTAT
Saudi Arabia's inflation rate rose to 1.6 per cent in April 2024, driven by higher prices for housing, utilities,…
Egypt’s c. bank auctions EGP 100b corridor-linked deposits
The Central Bank of Egypt (CBE) is offering corridor-linked deposits for a duration of 35 days, amounting to 100…
IMF foresees EU ’25 GDP growth at 1.8%
The International Monetary Fund (IMF) released a new report forecasting steady economic growth for the European…
Oman’s inflation hikes 1.9% in Feb.
The inflation rate in the Sultanate of Oman increased 1.9 per cent in February 2024 compared to same month a year…
CBE offers EGP 100b corridor rate deposits
The Central Bank of Egypt (CBE) announced on Wednesday the offering of corridor rate deposits for a term of 42 days…