Poverty rate in Egypt stands at 29% -Maait

Egypt’s poverty rate currently hovers around 28-29%, Vice Minister of Finance Mohamed Maait said at a conference yesterday, Al Mal reports. GDP per capita has also seen a drop, Maait said without providing figures. These indicators are compounded by the unemployment rate, which — despite having eased to 11.9% from a previous 14% — remains elevated, he added.