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Private-sector minimum wage to rise 17% in 2024
Private-sector employees on the minimum wage will have seen their monthly income rise 45% in the past six months
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
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…
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
Last Night’s Talk Shows on inflation-taming price controls and the 2023 election
To pping the coverage on the airwaves last night: The government’s new drive to tamp down the price of basic…
Intesa Sanpaolo lowers its 2023 growth forecast for Egypt
The Italian bank is the latest to lower expectations for the country’s growth growth due to the ongoing economic crisis
Gov’t action to stall soaring food prices may be in sight
Authorities will attempt to get the prices of nine basic commodities under control by flooding the market
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