inflation
Inflation hits 11%, says CAPMAS
Business
May 10, 2010
Inflation hits 11%, says CAPMAS
Government statistics agency CAPMAS on Monday revealed that the national inflation rate had risen by 0.9 percent in April, compared…
Weary of price hikes, restaurants take part in 24-hour meat boycott
Egypt
April 26, 2010
Weary of price hikes, restaurants take part in 24-hour meat boycott
Following a decision last week by the Egyptian Chamber of Tourist Establishments, all restaurants and food outlets have been ordered…
Meat price hikes impact Alexandrian businesses
Business
April 20, 2010
Meat price hikes impact Alexandrian businesses
Butchers and owners of traditional kebab-and-kofta restaurants--the menu selections of which are usually priced by the kilo--say that skyrocketing meat…
Finance minister rejects progressive tax
Business
April 13, 2010
Finance minister rejects progressive tax
Finance Minister Youssef Boutros-Ghali has rejected a proposal by Shura Council members to introduce a progressive income tax."Our unified income…
Cattle farmers anticipate further meat price hikes
Business
April 12, 2010
Cattle farmers anticipate further meat price hikes
Associations for cattle farmers and dairy producers lashed out at the government for failing to narrow the gap between local…
Inflation up to 11.8%
Business
April 11, 2010
Inflation up to 11.8%
Prices in Egypt increased 0.7 percent in March, as inflation hit an annual rate of 11.8 percent, according to figures…
Inflation falls to 12.8% in February
Business
March 10, 2010
Inflation falls to 12.8% in February
Egypt's national inflation rate fell from 13.6 percent in January to 12.8 percent in February, according to a report released…
Egypt should stand ready to raise rates, IMF says
Business
February 25, 2010
Egypt should stand ready to raise rates, IMF says
Egypt should be prepared to raise interest rates if inflation does not abate and should work to cut its budget…
CAPMAS: Inflation up 13.6% in January
Business
February 10, 2010
CAPMAS: Inflation up 13.6% in January
In a statement Wednesday, Abu Bakr el-Guindi, president of the state-run Central Agency for Public Mobilization and Statistics (CAPMAS), noted…
Butane cylinders hit LE60 amid ongoing shortages
Business
February 7, 2010
Butane cylinders hit LE60 amid ongoing shortages
A severe shortage of butane gas cylinders continued to dog Cairo and the provinces Sunday, with the price of a…