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…
Browsing Tag
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…
Egypt prioritises staples, medicines FX needs
Egyptian Prime Minister Dr. Mustafa Madbouly has ordered a restriction on various commodities in customs to…
Egypt’s c. bank auctions EGP 150b corridor-linked deposits
The Central Bank of Egypt (CBE) is offering corridor linked deposits for a duration of 35 days, amounting to 150…
Rate cuts depend on March outlook – ECB official
The European Central Bank (ECB) rate cuts will depend on the new outlook for inflation and economic growth, set to…
S. Arabia’s inflation drops to 1.5% in December
Consumer Price Index (CPI) showed that the country’s annual inflation rate slightly declined by 1.5 per cent.
Bank of Mexico may increase key rate by 25 bps
Mexican central bank, Banxico, is expected to raise its interest rate by 25 basis points on Thursday, as inflation…
U.S. Fed raises rates for the seventh time in a row
The U.S. Federal Reserve has on Wednesday increased its interest rates for the seventh time in a row this year,…
Inflation rises in Egypt again
Inflation is rise again in urban parts of Egypt after a month of calm, according to the state-run statistics agency…
U.S. Fed hikes key interest rates by 0.75 percentage point, biggest since 1994
The U.S. Federal Reserve has announced on Wednesday its biggest hike in interest rates since 1994, a move aimed to…
Moody’s says Egypt’s economy seen growing by 4.4% June-end
Credit rating agency Moody's said on Tuesday it anticipates Egypt’s economy to grow 4.4 percent in the current…
Egypt’s inflation rate hits 9.2 % in 2019
Egypt's average inflation rate record 9.2 percent in 2019 compared to 14.4 percent in 2018, the Cabinet's media…
Egypt among least competitive economies in the Middle East
Egypt’s economy ranks 11th in the 2017-2018 Global Competitiveness Index out of 12 Arab countries with Lebanon in…
CBE lowers interest rates 1% as inflation tumbles
The Central Bank of Egypt lowered interest rates 1% as the inflation rates keeps going downhill, for the first…
IMF expects no additional taxes to be executed in Egypt this year
IMF Director for the Middle East and Central Asia Department Jihad Azour predicts that no additional taxes will be…
Egypt Central Bank Sees Interest Rates Unchanged Tomorrow
Egypt's Central Bank is expected to keep key interest rates, deposit and lending rates unchanged on its upcoming…
We Need To Cut Inflation Rates To Protect Low-Income Brackets; President
President Mohamed Morsi asserted the importance of reducing inflation rates to protect low-income brackets. The…
CBE: Inflation Rates 0.55% Down On Vegetable & Fruits Prices
The Central Bank of Egypt (CBE) has attributed the fall in the monthly inflation rates which reached 0.55% in July,…