El Sisi announces new wage hikes, financial support as cost of living spirals
The measures include a new hike in the public-sector minimum wage and higher pension payouts
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The measures include a new hike in the public-sector minimum wage and higher pension payouts
The initiative is one of many the government has introduced in response to the FX crunch
Net foreign liabilities in the banking sector hit a record high in June
No single story is dominating the international headlines on Egypt this morning, with Bloomberg looking at cigarette prices, the National…
The institute says devaluation works in the short term but isn’t sustainable
A series of currency devaluations has sent consumer prices surging this year
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The CBE added another USD 50 mn to the stockpile during the month
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