Finance minister directs Gulf aid to foreign reserves and state budget
Expert: Value of aid is “economically misleading” and unlikely to raise the…
Gulf aid bolsters Egyptian pound against the US dollar
Egypt receives aid packages from Saudia Arabia, UAE, and Kuwait
Moody’s: Gulf aid is “credit positive”
Qatar, meanwhile, had granted Egypt $2.5bn in loan last January, and extended…
Annual inflation soars to 9.8% in June
Financial experts predict inflation levels to further accelerate in the coming months…
Shoppers, food outlets stock up on food ahead of 30 June protests
Suppliers push forward their closing sales dates to supermarkets as consumers load…
Experts predict higher inflation rates amid unchanged interest rates
Rising summertime prices and devaluing currency drive ongoing inflation
Egypt, IMF in final stages of verifying economic programme
Loan delayed by inconsistent implementation of subsidy cuts and tax hikes
Inflation rate reaches 8.2% in May: CAPMAS
Workers in the retail sector say prices for most products have increased…
IMF expects Egypt economy to slow next fiscal year
The report predicted that annual inflation rates would increase by the end…
Inflation hikes to 8.1% in April on currency slide
Egypt’s Central Bank decided to keep overnight deposit and lending rates unchanged…