inflation
Egypt’s recurring food price crisis
Business
July 15, 2010
Egypt’s recurring food price crisis
In the summer of 2008, the so-called “food price crisis” took Egypt by storm. Drastically rising food prices made headlines…
Extra foodstuffs to be imported for Ramadan
Business
July 7, 2010
Extra foodstuffs to be imported for Ramadan
To offset the usual food shortages experienced during the Islamic fasting month of Ramadan--which this year will begin in August--the…
New cigarette taxes irk smokers, retailers
Egypt
July 6, 2010
New cigarette taxes irk smokers, retailers
A 40-percent tax increase was levied on tobacco products this month with the stated aim of reducing the number of…
Tax Authority: Traders must adhere to new cigarette prices
Business
July 4, 2010
Tax Authority: Traders must adhere to new cigarette prices
The Tax Authority has warned wholesale and retail cigarette traders against selling their wares at prices higher than those specified…
As times grow leaner, poverty-related suicides rise
Egypt
July 4, 2010
As times grow leaner, poverty-related suicides rise
A 43-year-old single mother, identified in press reports as Seham Abdel-Salam, throttled her son to death with a towel, then…
CAPMAS: National inflation rate hits 10.5%
Business
June 10, 2010
CAPMAS: National inflation rate hits 10.5%
The Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday announced that the annual inflation rate in urban areas…
Inflation hits 11%, says CAPMAS
Business
May 10, 2010
Inflation hits 11%, says CAPMAS
Government statistics agency CAPMAS on Monday revealed that the national inflation rate had risen by 0.9 percent in April, compared…
Weary of price hikes, restaurants take part in 24-hour meat boycott
Egypt
April 26, 2010
Weary of price hikes, restaurants take part in 24-hour meat boycott
Following a decision last week by the Egyptian Chamber of Tourist Establishments, all restaurants and food outlets have been ordered…
Meat price hikes impact Alexandrian businesses
Business
April 20, 2010
Meat price hikes impact Alexandrian businesses
Butchers and owners of traditional kebab-and-kofta restaurants--the menu selections of which are usually priced by the kilo--say that skyrocketing meat…
Finance minister rejects progressive tax
Business
April 13, 2010
Finance minister rejects progressive tax
Finance Minister Youssef Boutros-Ghali has rejected a proposal by Shura Council members to introduce a progressive income tax."Our unified income…