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Urban inflation rises to 5.9% in December, below expectations
Annual urban inflation rose to 5.9% in December from 5.6% in November, ending a two-month downward trend despite a slowdown…
THIS MORNING: It’s inflation day + covid-19 claims both a trailblazing judge and a leading TV personality
Good morning, friends, and welcome to a pleasantly brisk news morning. Brace yourselves for a possible sand storm — and…
PMI outlook improves, but remains in contraction territory
Egypt’s non-oil business activity “inched closer to stabilisation” in December, contracting at its slowest pace in four months, according to…
Egypt to ride the recovery wave as world economy set to surpass USD 100 tn in 2022
Global GDP is set to surpass a record USD 100 tn in 2022, with growth expected to hit 4.2% this…
Expect a decision by March on how bread subsidies will be reworked -Moselhy
Subsidies were the topic of the night on the talkshows as Supply Minister Ali El Moselhy phoned into Ala Mas’ouleety…
The macro picture of our 2021 recovery
Our 2021 recovery by the numbers: Following a difficult first year of the pandemic, 2021 saw the economy starting to…
Remittances up 1.5% in 1Q2021-2022
Remittances from Egyptians abroad were up 1.5% y-o-y to USD 8.1 bn in the first quarter of FY 2021-2022, the…
Companies buy themselves time on minimum wage hikes
Thousands of companies will be given a six-week reprieve from the new private sector minimum wage requirement coming into force…
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