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Inflation rises to near three-year high as global food prices spike
Annual urban inflation rose to its highest level in almost three years in March as spillover effects from the conflict…
Edita to invest EGP 1 bn by 2025
EGX-listed snackmaker Edita plans to invest EGP 1 bn over the coming three years to expand operations, company chairman Hani…
Reserves dip to USD 37 bn as CBE deployed excess liquidity to “calm the markets” –statement
Egypt’s foreign reserves declined last month for the first time since the early days of the covid pandemic as the…
FinMin narrows deficit target for this fiscal year as economy withstands global turmoil
The Madbouly government now expects the budget deficit to contract to 6.2% this fiscal year, down from a previous 6.9%…
THIS MORNING: It’s inflation day + EU official in town to talk Mediterranean Green Hydrogen Partnership
Good morning, friends, and welcome to a blockbuster Sunday issue with exactly zero signs of the Ramadan news slowdown that…
We’re getting EUR 100 mn from the EU to tackle food insecurity
The EU is providing Egypt with EUR 100 mn in support to help us tackle rising food prices amid the…
Inflation hits private sector activity in March
Activity in Egypt’s non-oil private sector saw its sharpest decline in 21 months in March as the effects of the…
The Cairene smog comes at a cost
Air pollution in Egypt has been silently chipping away at our health and productivity: Air pollution costs Egypt more than…
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