inflation
Egypt, IMF reach agreement on $2 billion loan disbursement
Egypt
November 10, 2017
Egypt, IMF reach agreement on $2 billion loan disbursement
Egypt has reached a staff-level agreement with the International Monetary Fund for an installment of about $2 billion more from…
Is Egypt reaching its aspired economic goals 1 year after the currency float?
Features/Interviews
November 3, 2017
Is Egypt reaching its aspired economic goals 1 year after the currency float?
One year after Egypt took the dramatic step of floating its pound, inflation is still taking its toll on the…
Food producers can face jail for violating decree to print clear price tags
Economy
October 12, 2017
Food producers can face jail for violating decree to print clear price tags
Egypt’s Minister of Supply and Internal Trade Ali Moselhi issued a decree this week obliging all food producers to print…
Egypt on track for year-end IMF payment, but 32 percent inflation a worry
Business
September 27, 2017
Egypt on track for year-end IMF payment, but 32 percent inflation a worry
Egypt has made a “good start” to its reform programme despite seeking waivers for missing targets in June and a…
Rising cost of school supplies infuriates Egyptian parents as semester starts
Features/Interviews
September 18, 2017
Rising cost of school supplies infuriates Egyptian parents as semester starts
Many parents in Cairo are angry at the rise in the cost of school supplies on the back of a…
Eligibility for food subsidy cards tightened
Egypt
August 9, 2017
Eligibility for food subsidy cards tightened
Egypt on Tuesday tightened rules for obtaining food subsidy cards, capping the number of new claimants per family and setting…
CTA increases ticket prices for public buses
Egypt
August 4, 2017
CTA increases ticket prices for public buses
The Cairo Transport Authority (CTA) began on Friday to apply a 50-piaster increase on the value of tickets for all…
Egypt increases cost of water by up to 50%
Egypt
August 3, 2017
Egypt increases cost of water by up to 50%
Egypt’s Prime Minister Sherif Ismail signed off on Wednesday to raise drinking water and sewage fees starting August by as…
Egypt Reserves Reach Record High of Over $36 Billion
Economy
August 2, 2017
Egypt Reserves Reach Record High of Over $36 Billion
Egypt’s foreign reserves reached $36.036 billion in July, a record high, which the prime minister described as “good news” as…
Private sector still faces “risks” after EGP devaluation: Financial Times
Business
August 1, 2017
Private sector still faces “risks” after EGP devaluation: Financial Times
Factories and entrepreneurs in Egypt are still facing tremendous “risks” after the flotation of the Egyptian pound in November 2016, the…