inflation

White taxis’ new tariff set at LE5: Official
Egypt

White taxis’ new tariff set at LE5: Official

Secretary General of Cairo Governor Mohamed al-Sheikh has said the new tariff of white taxis will increase by 25 piasters…
Six arrested for allegedly forming ‘Etihad El-Garabea’ page on Facebook
Egypt

Six arrested for allegedly forming ‘Etihad El-Garabea’ page on Facebook

Six young people were arrested from Al-Azhar Park on Friday and handed a 15-day detention order on charges of forming…
Egypt’s inflation falls for first time since currency float
Economy

Egypt’s inflation falls for first time since currency float

Egypt’s annual consumer price inflation fell to 30.9 percent in May, compared to 32.9 percent in April, the Central Agency…
Deutsche Bank projects Egypt inflation down to 20% by end of 2017
Economy

Deutsche Bank projects Egypt inflation down to 20% by end of 2017

Deutsche Bank projected on Monday that Egypt’s inflation will decline to approximately 20% by the end of 2017 – a…
In surprise move, CBE hikes key interest rates
Business

In surprise move, CBE hikes key interest rates

The Central Bank of Egypt raised its key interest rates by 200 basis points on Sunday, citing stronger economic growth…
IMF backs Egypt plan to remove fuel subsidies in three years, ease inflation
Economy

IMF backs Egypt plan to remove fuel subsidies in three years, ease inflation

The International Monetary Fund is encouraged by Egypt’s efforts to remove fuel subsidies within three years and push inflation down…
Inflation expected to rise higher as rate reaches 32.9% in April
Business

Inflation expected to rise higher as rate reaches 32.9% in April

The Central Agency for Public Mobilization and Statistics (CAPMAS) has estimated the annual inflation rate in April at 32.9 percent,…
Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank
Business

Egypt’s economy growing at 3.9% in 2017, accelerating to 5.4% in 2019: World Bank

Egypt's economy is forecasted to grow 3.9 percent by the end of 2017 and will be largely driven by public…
Egypt’s annual urban consumer price inflation picks up to 30.9 pct in March
Egypt

Egypt’s annual urban consumer price inflation picks up to 30.9 pct in March

Egypt's annual urban consumer price inflation rose in March to 30.9 percent from 30.2 percent in February, the official CAPMAS…
Minister expects inflation rates to decline in November
Business

Minister expects inflation rates to decline in November

Minister of Finance Amr al-Garhy expects inflation rates to decline later this year, in November and December, adding that the…
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