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Inflation hit a new record high in September, coming in ahead of analyst expectations
Inflation rose to record highs for the fourth consecutive month
IMF cuts our 23-24 growth outlook amid FX crunch, MENA and Saudi outlooks also trimmed
Saudi and MENA growth outlooks are also cut in the latest update to the World Economic Outlook
Egyptian telecom providers suspend e-wallet FX payments
Four of Egypt’s largest banks are among those who have stopped use of EGP debit cards abroad this week
THIS EVENING: Inflation accelerates again in September + IMF revises upwards Egypt’s growth forecast
Good afternoon, wonderful people. It’s looking like a good news / bad news kind of day, with mixed sentiments coming…
Food prices, Gaza war top talk show coverage
War, elections and prices dominated talk on the airwaves last night as the talking heads grappled with a very busy…
More banks have stopped the use of EGP debit cards outside the country
The National Bank of Egypt, Banque Misr, Emirates NBD, and National Bank of Kuwait have joined the growing list of…
A deeper dive into the private sector minimum wage
The gov’t recently hiked private sector minimum wage by 11%
The election, the economy and US military aid are dominating the conversation on Egypt in the foreign press
Our struggles with soaring inflation also got the attention of the international press
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