inflation
BBC International School reports indefinite closure after next semester, parents furious
Egypt
January 29, 2018
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
January 14, 2018
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
January 11, 2018
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
January 2, 2018
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
December 26, 2017
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
December 11, 2017
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
November 23, 2017
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
November 19, 2017
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
November 15, 2017
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
November 10, 2017
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…