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Homeinflation

inflation

Egypt Latest News

Egypt: Economic woes escalating amid tumbling pound, draining foreign currency, soaring inflation

March 5, 2023 MEO Staff

Egypt’s economy has come under severe pressure over the past year, with the Egyptian pound tumbling, foreign currency drying up, and inflation soaring, reported Reuters. The national currency lost nearly half its value in less [ More … ]

Egypt Latest News

Egypt: Economic crisis in focus – amid inflation, EGP, debt, aid, and calls for army exit

February 19, 2023 MEO Staff

Amid an acute economic crisis, the Egyptian population has been crushed between the low income and the rising household expenses, where inflation has inflicted additional pain on ordinary people. “The increasing costs of living helped [ More … ]

Egypt Latest News

Egypt: ‘Inflation is so high that eggs are a luxury’, says NYT

January 25, 2023 MEO Staff

After months of punishing inflation and a plummeting currency, Egyptians are growing louder about the crisis. In exchange for a bailout, the I.M.F. is imposing stern conditions on the government. “Around the time Egypt’s currency [ More … ]

Egypt Latest News

Egypt: To fight inflation, gov. says it will sell discounted bread to citizens

January 16, 2023 MEO Staff

Professor of Applied Economics at Johns Hokings University says Egypt’s inflation is estimated at a stunning 85% a year, unlike much lower official inflation rates. Acoording to a press release on January 10th. by the [ More … ]

Egypt Latest News

As Egypt prepares to host COP27, summit Is heading for a geopolitical hurricane, says Bloomberg

October 23, 2022 MEO Staff

As Egypt prepares to stage COP27, the geopolitical context that shapes all international diplomacy has gone from tense to precarious, said Bloomberg in a recent report. Egypt, the summit host, is contending with inflation that [ More … ]

Egypt Latest News

Egypt: Government hikes prices of subsidized commodities amid rising inflation

October 4, 2022 MEO Staff

The food subsidies related to low income households have eroded amid the government’s most recent hikes in food prices to match inflation hitting the country’s economy. The Egyptian Ministry of Supply and Internal Trade has [ More … ]

Egypt Latest News

Egypt: Non-oil private sector suffers worst slump in business conditions since 2020, S&P report

July 7, 2022 MEO Staff

The miserable conditions of the Egyptian economy has been highlighted by a recent S&P Global, indicating the worst slump of the country’s non-oil private sector PMI Egypt’s Purchasing Managers’ Index (PMI) for the non-oil private [ More … ]

Egypt Latest News

Sisi regime may be most vulnerable to change due to rising inflation, report

April 25, 2022 MEO Staff

The regime of Egypt’s Abdel Fattah Al-Sisi may be the most under threat in Africa from the rising inflation in the country The Egyptian government under Sisi may be the most under threat in Africa [ More … ]

Egypt Latest News

Egypt’s annual urban inflation hiking in July 2021

August 17, 2021 MEO Staff

Annual core inflation computed by Central Bank of Egypt records 6.4% in July 2021 Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the annual rate of urban inflation rose to 5.4% [ More … ]

Egypt Latest News

Egypt’s ending of monthly customs rate may raise inflation – analysts

September 3, 2019 MEO Staff

Egypt’s decision to scrap a monthly fixed customs exchange rate could lead to higher inflation in the coming months if the Egyptian pound declines significantly against the dollar, analysts said. Egypt last Sunday cancelled the [ More … ]

Egypt Latest News

Egypt’s Annual Inflation Reaches 12.2%

February 11, 2019 Ahmed Rashed

Egypt’s annual urban consumer price inflation increased to 12.7 percent in January from 12.0 percent in December, as recorded by the CAPMAS statistics agency, though the data was unlikely to quell speculation the central bank [ More … ]

Turkey Latest News

Turkish economy to create, capitalize on opportunities in times of global turbulence

February 9, 2019 MEO Staff

Acquiring experience with measures taken against the market turmoil in summer of 2018, the Turkish economy is now looking to turn imminent global risks into advantages As the global and regional economies get increasingly exposed [ More … ]

Egypt Latest News

Hiking Oil Prices May Threat Egypt’s Savings from Gas Milestone

October 9, 2018 Ahmed Rashed

Another corner of the energy market threatens to deal a new blow to Egypt’s fragile government finances although its milestone of regaining self-sufficiency in natural gas.  A six-fold increase in production at the giant offshore Zohr [ More … ]

Egypt Latest News

Egypt’s Foreign Debt Rises to $88.2 Billion in the Third Quarter of 2017-2018

August 7, 2018 Ahmed Rashed

Egypt’s foreign debt rose to $88.2 billion in the third quarter of the 2017-2018 fiscal year, up from $73.9 billion in the same period the previous year, central bank data showed on Monday. Egypt’s fiscal [ More … ]

Egypt Latest News

Washington Post: Egypt’s Al-Sisi Is Facing Unusual Dissent over Hiking Prices

July 21, 2018 Ahmed Rashed

Egypt’s al-Sisi is confronting one of the toughest challenges he has faced since seizing power five years ago, as rising prices linked to economic austerity measures take a toll on his core middle-class supporters, according [ More … ]

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Latest

Egypt: Amid financial crisis, IMF prepares 1st. review, World Bank approves $7bln to the country

Egypt Latest News
March 24, 2023

Egypt: Rights Watchdog calls for reintegration of released political prisoners

Egypt Latest News
March 23, 2023

Egypt: The army pressured to loosen its grip on economy, WSJ

Egypt Latest News
March 22, 2023

Egypt: Amid rising abuses in current prisons, interior ministry to operate 3 new ones

Egypt Latest News
March 21, 2023

Egypt: Rights groups highlight ‘torture and abuse’ at notorious Badr prison

Egypt Latest News
March 20, 2023
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