inflation

BBC International School reports indefinite closure after next semester, parents furious
Egypt

BBC International School reports indefinite closure after next semester, parents furious

BBC International School in Egypt has released a statement announcing that this school year will be their final one 32…
Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent
Economy

Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent

Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5 percent…
Annual inflation rate declines by 0.2%, lowest since November 2015: CAPMAS
Egypt

Annual inflation rate declines by 0.2%, lowest since November 2015: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) stated on Wednesday that the annual inflation rate declined by 0.2…
Egypt’s central bank keeps interest rates unchanged
Economy

Egypt’s central bank keeps interest rates unchanged

Egypt’s central bank kept its key interest rates unchanged on Thursday as inflation remained in double digits a year after…
Venezuela’s opposition reinvents itself with soup kitchens
World

Venezuela’s opposition reinvents itself with soup kitchens

Miguel Castillo hurried up a narrow, dusty street in a poor neighborhood in Venezuela’s capital city carrying a boy who…
Egypt’s finance minister says expects Jan inflation at 20 pct
Economy

Egypt’s finance minister says expects Jan inflation at 20 pct

Egypt’s inflation rate is expected to drop to 20 percent in January and to 13-14 percent by August, Finance Minister…
Domestic cigarette price hike starts Thursday: Eastern Tobacco Company
Egypt

Domestic cigarette price hike starts Thursday: Eastern Tobacco Company

Egypt’s largest cigarette manufacturer, the Eastern Tobacco Company, said on Thursday that a price hike on cigarettes produced by Egyptian-owned…
Egypt’s central bank holds interest rates as expected
Economy

Egypt’s central bank holds interest rates as expected

Egypt’s central bank kept interest rates unchanged as expected on Thursday, concluding that further declines in inflation were needed to…
Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll
Economy

Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll

With Egypt’s inflation still above 30 percent, the central bank is expected keep its key interest rates on hold in…
Dollar set for biggest weekly drop in four weeks
Business

Dollar set for biggest weekly drop in four weeks

The dollar edged higher on Friday as an overnight spike in US Treasury bond yields prompted some investors to buy…
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