inflation

Protests in Lebanon as local currency hits record low
Middle East

Protests in Lebanon as local currency hits record low

BEIRUT (AP) — Protests broke out across the country Tuesday after the Lebanese pound hit a record low against the…
Turkey’s Erdogan fails to get double-digit inflation under control
Middle East

Turkey’s Erdogan fails to get double-digit inflation under control

Turkey’s economic woes are nothing new. The country’s official currency, the lira, has been on a downward slide for the past two…
Syria floats new bank note amid soaring inflation
Middle East

Syria floats new bank note amid soaring inflation

DAMASCUS, Syria (AP) — A new, 5,000 Syrian Lira bank note goes into circulation Sunday, the largest denomination in the…
Egypt’s central bank cuts interest rates by 50 basis points
Economy

Egypt’s central bank cuts interest rates by 50 basis points

Egypt’s central bank cut its main interest rates by 50 basis points on Thursday, moving to support an economy badly…
Egypt’s headline inflation quickens to 4.5% in October
Business

Egypt’s headline inflation quickens to 4.5% in October

Egypt’s annual urban consumer price inflation rose to 4.5 percent in October from 3.7 percent in September, official statistics agency…
Sudanese return to streets over dire living conditions
Middle East

Sudanese return to streets over dire living conditions

CAIRO (AP) — Sudanese protesters took to the streets in the capital and across the country Wednesday over dire living…
Tribal clashes over governor’s sacking kill 6 in east Sudan
Middle East

Tribal clashes over governor’s sacking kill 6 in east Sudan

CAIRO (AP) — Tribal clashes erupted on Wednesday in eastern Sudan over the prime minister’s decision to sack a provincial…
Deep falls in Egypt’s inflation could prompt IMF consultation
Business

Deep falls in Egypt’s inflation could prompt IMF consultation

Egypt’s inflation has fallen to some of its lowest levels in well over a decade, potentially triggering consultations with the…
Egypt cuts interest rates by 50 bps as inflation subsides
Business

Egypt cuts interest rates by 50 bps as inflation subsides

Egypt’s central bank unexpectedly cut its main overnight interest rates by 50 basis points on Thursday, saying exceptionally low inflation…
Egypt’s headline inflation decreased to 3.4% in August
Business

Egypt’s headline inflation decreased to 3.4% in August

Egypt’s annual urban consumer price inflation decreased to 3.4 percent in August from 4.2 percent in July, the country’s statistics…
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