inflation

IMF calls on Egypt to abolish subsidies on petroleum products
Business

IMF calls on Egypt to abolish subsidies on petroleum products

The International Monetary Fund (IMF) has projected an increase in Egypt’s inflation rate, which, the organization noted, would further burden…
Resentment mounts among workers over delayed annual raises
Business

Resentment mounts among workers over delayed annual raises

Abdul Rahman Khair, a workers representative on the National Council for Wages (NCW), has warned of mounting resentment among workers…
Egypt inflation edges up, rates seen steady for now
Business

Egypt inflation edges up, rates seen steady for now

Egyptian urban inflation inched higher in the year to December, but the pace of increase is unlikely to prompt the…
Egypt pound hits 5.8 to the dollar; food prices inch upwards
Business

Egypt pound hits 5.8 to the dollar; food prices inch upwards

Food prices were subject to several incremental increases this year due to a corresponding rise in the value of the…
Egypt’s nationwide truck drivers’ strike could push inflation up
Business

Egypt’s nationwide truck drivers’ strike could push inflation up

Truck drivers have continued on Saturday to protest for a second day against a decision by the government to increase…
Egypt November inflation dips to lowest in 15 months
Business

Egypt November inflation dips to lowest in 15 months

Urban consumer price inflation in Egypt fell in the year to November to its lowest in 15 months, giving the…
Amid soaring beef prices, poor Egyptians brace for meat-less Eid
Egypt

Amid soaring beef prices, poor Egyptians brace for meat-less Eid

Mohamed Saieed sat grumpily behind his counter of the Mourad Butcher in Giza. 
“I have plenty of time to talk,”…
CAPMAS: Education costs rise by 24.6% this year
Business

CAPMAS: Education costs rise by 24.6% this year

2010 has seen a rise of almost 25 percent in the cost of education in Egypt according to the Central…
Egypt inflation steady in October, rates seen on hold
Business

Egypt inflation steady in October, rates seen on hold

Cairo--Urban consumer inflation in Egypt remained unchanged during the 12 months preceding October, a sign the central bank is unlikely…
Egypt’s elections presses economy, say experts
Business

Egypt’s elections presses economy, say experts

Massive expenditure ahead of the parliamentary and presidential elections is slowing down the government’s ability to accelerate economic reforms, analysts…
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