inflation

Egypt’s inflation rises to 11% amid food price hikes
Business

Egypt’s inflation rises to 11% amid food price hikes

Egypt's inflation notched up slightly to 11 percent in September, the government said Sunday, amid complaints about rising food prices.Urban…
Incoming parliament to discuss draft price-control legislation
Business

Incoming parliament to discuss draft price-control legislation

The government plans to submit nine new draft laws aimed at controlling market prices for discussion in the upcoming session…
Global trade body urges Egypt to abolish energy subsidies
Business

Global trade body urges Egypt to abolish energy subsidies

Michele Ruta, economy expert at the research and statistics division of the International Trade Organization (ITO), has called on the…
Report: Local fruit, vegetable production down 70% on year
Business

Report: Local fruit, vegetable production down 70% on year

Local production of fruits and vegetables has fallen by more than 70 percent compared to last year, according to a…
Finance Minister: Govt to raise energy prices over coming 5 years
Business

Finance Minister: Govt to raise energy prices over coming 5 years

The government plans to liberalize energy prices over the course of the next five to seven years in an effort…
Egyptian pound falls to lowest level against dollar since 2007
Business

Egyptian pound falls to lowest level against dollar since 2007

The Egyptian pound has fallen steadily against the US dollar over the past two weeks, with analysts partly attributing the…
Coinage pumped into local market to meet Ramadan liquidity demand
Business

Coinage pumped into local market to meet Ramadan liquidity demand

The Ministry of Finance disbursed some LE14.9 million worth of coinage into the Egyptian market in August in an effort…
Economists call for govt price controls to offset inflation
Business

Economists call for govt price controls to offset inflation

Local economy experts are proposing that the government adopt mechanisms aimed at controlling skyrocketing retail prices, including mandatory pricing schemes…
Economists fear impact of Egypt pound’s slide against dollar
Business

Economists fear impact of Egypt pound’s slide against dollar

After declining sharply since mid-July, the Egyptian pound fell to 5.69 against the US dollar on Wednesday, representing its lowest…
Butane gas canisters to be sold by coupon as of January
Egypt

Butane gas canisters to be sold by coupon as of January

Starting in January, butane gas canisters will be sold to the public via coupon, Social Solidarity Minister Ali al-Meselhi announced…
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