inflation

Finance Minister: Govt to raise energy prices over coming 5 years
Business

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

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

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

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

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

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

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

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

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

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…
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