Egypt to increase spending on education, health in ’24-25 budget
Egyptian President Abdel Fattah al-Sisi directed the Finance Minister to increase spending on improving the lives…
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Inflation
Prices in Egypt rise, govt. struggles to control inflation
Prices in Egypt rose in the new year while the government struggles to control the raging rate of inflation.
Egypt to increase minimum wages to $113 per month from January
Egypt’s government will increase the minimum wage to 3500 ($113) Egyptian pounds a month paid by the private…
Egypt expands ban on onion export to the end of March
Egypt’s Prime Minister Moustafa Madbouly extended onion ban export until the end of March next year, during a…
Egypt to continue to enjoy ‘strong support’ from IMF: Georgieva
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva confirmed on Sunday that Egypt would…
Egyptian government gives traders 10 days to adjust sugar prices – minister
For the past week, sugar prices have been unstable, with vendors increasing the prices on their own accord to up to…
UMich survey findings suggest that U.S. inflation to pick up again
U.S. inflation worries rose for the second month in November despite growing signs that price increase is relaxing,…
Moody’s: UAE developers to eventually face risks due to high inflation, interest…
Continued high inflation and high interest rates may pose a risk to UAE homebuilders, Moody’s Investor Service…
Egypt’s annual headline inflation rate reaches 35.8% in October – CAPMAS
Egypt’s annual headline inflation rose to 35.8 percent in October, Central Agency for Public Mobilization and…
IMF cautions Europe against ‘premature celebration’ of victory over inflation
The European Central Bank and other policymakers in Europe have to keep interest rates at current elevated levels…