inflation

Domestic cigarette price hike starts Thursday: Eastern Tobacco Company
Egypt

Domestic cigarette price hike starts Thursday: Eastern Tobacco Company

Egypt’s largest cigarette manufacturer, the Eastern Tobacco Company, said on Thursday that a price hike on cigarettes produced by Egyptian-owned…
Egypt’s central bank holds interest rates as expected
Economy

Egypt’s central bank holds interest rates as expected

Egypt’s central bank kept interest rates unchanged as expected on Thursday, concluding that further declines in inflation were needed to…
Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll
Economy

Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll

With Egypt’s inflation still above 30 percent, the central bank is expected keep its key interest rates on hold in…
Dollar set for biggest weekly drop in four weeks
Business

Dollar set for biggest weekly drop in four weeks

The dollar edged higher on Friday as an overnight spike in US Treasury bond yields prompted some investors to buy…
Egypt, IMF reach agreement on $2 billion loan disbursement
Egypt

Egypt, IMF reach agreement on $2 billion loan disbursement

Egypt has reached a staff-level agreement with the International Monetary Fund for an installment of about $2 billion more from…
Is Egypt reaching its aspired economic goals 1 year after the currency float?
Features/Interviews

Is Egypt reaching its aspired economic goals 1 year after the currency float?

One year after Egypt took the dramatic step of floating its pound, inflation is still taking its toll on the…
Food producers can face jail for violating decree to print clear price tags
Economy

Food producers can face jail for violating decree to print clear price tags

Egypt’s Minister of Supply and Internal Trade Ali Moselhi issued a decree this week obliging all food producers to print…
Egypt on track for year-end IMF payment, but 32 percent inflation a worry
Business

Egypt on track for year-end IMF payment, but 32 percent inflation a worry

Egypt has made a “good start” to its reform programme despite seeking waivers for missing targets in June and a…
Rising cost of school supplies infuriates Egyptian parents as semester starts
Features/Interviews

Rising cost of school supplies infuriates Egyptian parents as semester starts

Many parents in Cairo are angry at the rise in the cost of school supplies on the back of a…
Eligibility for food subsidy cards tightened
Egypt

Eligibility for food subsidy cards tightened

Egypt on Tuesday tightened rules for obtaining food subsidy cards, capping the number of new claimants per family and setting…
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