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 … ]
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 … ]
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 … ]
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 … ]
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 … ]
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 … ]
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 … ]
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 … ]
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’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’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 … ]
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 … ]
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’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’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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