inflation
Finance Minister: Govt to raise energy prices over coming 5 years
Business
September 20, 2010
Finance Minister: Govt to raise energy prices over coming 5 years
The government plans to liberalize energy prices over the course of the next five to seven years in an effort…
Egyptian pound falls to lowest level against dollar since 2007
Business
September 9, 2010
Egyptian pound falls to lowest level against dollar since 2007
The Egyptian pound has fallen steadily against the US dollar over the past two weeks, with analysts partly attributing the…
Coinage pumped into local market to meet Ramadan liquidity demand
Business
September 5, 2010
Coinage pumped into local market to meet Ramadan liquidity demand
The Ministry of Finance disbursed some LE14.9 million worth of coinage into the Egyptian market in August in an effort…
Economists call for govt price controls to offset inflation
Business
September 2, 2010
Economists call for govt price controls to offset inflation
Local economy experts are proposing that the government adopt mechanisms aimed at controlling skyrocketing retail prices, including mandatory pricing schemes…
Economists fear impact of Egypt pound’s slide against dollar
Business
September 1, 2010
Economists fear impact of Egypt pound’s slide against dollar
After declining sharply since mid-July, the Egyptian pound fell to 5.69 against the US dollar on Wednesday, representing its lowest…
Butane gas canisters to be sold by coupon as of January
Egypt
August 29, 2010
Butane gas canisters to be sold by coupon as of January
Starting in January, butane gas canisters will be sold to the public via coupon, Social Solidarity Minister Ali al-Meselhi announced…
Opposition stages protests in Matareya over power cuts, bread prices
Egypt
August 26, 2010
Opposition stages protests in Matareya over power cuts, bread prices
Members of various Egyptian opposition parties and political movements staged protest marches on Wednesday
PM: Prices have risen, but so have incomes
Business
August 26, 2010
PM: Prices have risen, but so have incomes
Inflationary trends in the local economy have been accompanied by increases in workplace wages, Prime Minister Ahmed Nazif said on…
Egypt pound reaches 3-1/2 year low against dollar
Business
August 25, 2010
Egypt pound reaches 3-1/2 year low against dollar
The Egyptian pound reached a 3-1/2 year low against the dollar on Wednesday as risk-averse investors switched into US treasuries…
Official: Government to allow cattle imports from US, EU
Business
August 22, 2010
Official: Government to allow cattle imports from US, EU
The Ministry of Agriculture has for the first time approved the importation of male cattle from the United States and…