{"id":651514,"date":"2017-02-14T04:10:49","date_gmt":"2017-02-14T04:10:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/14\/egypts-record-high-inflation-rates-make-the-rounds-2\/"},"modified":"2017-02-14T04:10:49","modified_gmt":"2017-02-14T04:10:49","slug":"egypts-record-high-inflation-rates-make-the-rounds-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/14\/egypts-record-high-inflation-rates-make-the-rounds-2\/","title":{"rendered":"Egypt\u2019s record-high inflation rates make the rounds"},"content":{"rendered":"<p><strong>Egypt\u2019s \u201crecord-high inflation rates\u201d made it into international headlines this morning,<\/strong> with <a href=\"http:\/\/www.reuters.com\/article\/egypt-inflation-idUSL8N1FY58D\">Reuters<\/a> suggesting that \u201cthe jump could put pressure on the Central Bank to hike rates\u201d during Thursday\u2019s Monetary Policy Committee meeting on Thursday, despite the poll results predicting that the bank will hold the overnight deposit and lending rates. The <a href=\"https:\/\/financialtribune.com\/articles\/world-economy\/59442\/egypt-inflation-hits-296\">Financial Tribune<\/a> and <a href=\"http:\/\/www.marketwatch.com\/story\/egypt-inflation-hits-highest-level-this-decade-2017-02-13\">Market Watch<\/a> also have the story.<\/p>\n<p><strong>The sale of Nubian land under the 1.5 mn feddans project to investors is the latest in a string of slights by Sisi\u2019s government against the Nubian community,<\/strong> writes Ruth Michaelson for <a href=\"https:\/\/www.theguardian.com\/global-development\/2017\/feb\/13\/egypt-nubians-fight-for-ancestral-land-earmarked-for-mega-project\">The Guardian<\/a>. The government\u2019s redevelopment plans for an area that once held 17 Nubian villages will benefit many people, but not the Nubian community, Mohamed Azmy, head of the General Nubian Union, says.<\/p>\n<p><strong>The Saudis have apparently been keeping up with the Mubaraks,<\/strong> and are reading the frequent public appearances by the ousted leader\u2019s sons Gamal and Alaa Mubarak recently as attempts to \u201ctest the waters\u201d and gauge public reaction. The <a href=\"http:\/\/saudigazette.com.sa\/world\/mena\/egypts-comeback-kids-mubaraks-sons-spotted-everywhere\/\">Saudi Gazette<\/a> has the story.<\/p>\n<p><strong>Other stories worth noting in brief include:<\/strong><\/p>\n<ul type=\"disc\">\n<li>Egypt has picked a side in the Syrian war, <a href=\"https:\/\/www.foreignaffairs.com\/articles\/syria\/2017-02-12\/egypt-picks-sides-syrian-war\">Oren Kessler writes for Foreign Affairs<\/a>. He suggests he uncovered one of the region\u2019s \u201cworst-kept secrets\u201d that \u201cCairo supports the Syrian regime of Bashar al-Assad\u201d (paywall);<\/li>\n<li>The float of the EGP is threatening investment in real estate in Egypt, Jahd Khalil writes in <a href=\"https:\/\/qz.com\/908391\/egypts-real-estate-boom-has-turned-from-economic-safe-haven-to-rubble\/\">Quartz<\/a>, suggesting the sector is slowing down;<\/li>\n<li>The Cityscape Egypt conference taking place next month in Cairo is expected to help promote private and public sector partnerships in real estate development, Renad Ghanem writes for the <a href=\"http:\/\/saudigazette.com.sa\/business\/cityscape-egypt-2017-enhance-govt-private-sector-cooperation-real-estate-development\/\">Saudi Gazette<\/a>; <\/li>\n<li>Egypt\u2019s version of nationalism \u201cglorifies the land\u201d but not its people, Maged Mandour argues for <a href=\"https:\/\/www.opendemocracy.net\/arab-awakening\/maged-mandour\/egypt-without-egyptians-story-of-red-sea-islands\">Open Democracy<\/a>, adding that an understanding of that clears up the people\u2019s backlash against the Saudi Arabian island transfer agreement.<\/li>\n<li>Western governments and institutions are failing to address human rights violations in countries with which they have trade and security pacts \u2014 including Egypt, Garry Kasparov and Thor Halvorssen write for the <a href=\"https:\/\/www.washingtonpost.com\/news\/democracy-post\/wp\/2017\/02\/13\/why-the-rise-of-authoritarianism-is-a-global-catastrophe\/?utm_term=.87dae6688eec\">Washington Post<\/a>. <\/li>\n<li>A team of Italian researchers will be entering King Tut\u2019s tomb in the Valley of the Kings in hopes of uncovering a legendary lost chamber, restarting \u201cthe hunt for the discovery of the 21st century,\u201d the <a href=\"https:\/\/www.washingtonpost.com\/news\/worldviews\/wp\/2017\/02\/13\/hunt-for-the-discovery-of-the-21st-century-starts-again-at-king-tuts-tomb\/?utm_term=.fd1efca3b78b\">Washington Post<\/a> reports. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s \u201crecord-high inflation rates\u201d made it into international headlines this morning, with Reuters suggesting that \u201cthe jump could put pressure on the Central Bank to hike rates\u201d during Thursday\u2019s Monetary Policy Committee meeting on Thursday, despite the poll results predicting that the bank will hold the overnight deposit and lending rates. The Financial Tribune and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[2386,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-651514","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-egypt-in-the-news","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b727cc87-45ad-42eb-acab-4cdf7870136d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[651493],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt\u2019s record-high inflation rates make the rounds - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/14\/egypts-record-high-inflation-rates-make-the-rounds-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s record-high inflation rates make the rounds\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s \u201crecord-high inflation rates\u201d made it into international headlines this morning, with Reuters suggesting that \u201cthe jump could put pressure on the Central Bank to hike rates\u201d during Thursday\u2019s Monetary Policy Committee meeting on Thursday, despite the poll results predicting that the bank will hold the overnight deposit and lending rates. The Financial Tribune and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/14\/egypts-record-high-inflation-rates-make-the-rounds-2\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-14T04:10:49+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/14\/egypts-record-high-inflation-rates-make-the-rounds-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/14\/egypts-record-high-inflation-rates-make-the-rounds-2\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s record-high inflation rates make the rounds\",\"datePublished\":\"2017-02-14T04:10:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/14\/egypts-record-high-inflation-rates-make-the-rounds-2\/\"},\"wordCount\":388,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egypt in the News\",\"EnterpriseAM\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/14\/egypts-record-high-inflation-rates-make-the-rounds-2\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/14\/egypts-record-high-inflation-rates-make-the-rounds-2\/\",\"name\":\"Egypt\u2019s record-high inflation rates make the rounds - 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Flashback: The central bank chose to leave interest rates unchanged at its\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/CBE-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586718,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/16\/former-blom-bank-egypt-deputy-doesnt-think-the-cbe-will-raise-rates-this-week\/","url_meta":{"origin":651514,"position":1},"title":"Former Blom Bank Egypt deputy doesn\u2019t think the CBE will raise rates this week","author":"enterpriseam admin","date":"16 May 2023","format":false,"excerpt":"Food prices and the Turkish election also got attention","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/882.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558374,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/cbe-leaves-interest-rates-on-hold-for-sixth-consecutive-meeting\/","url_meta":{"origin":651514,"position":2},"title":"CBE leaves interest rates on hold for sixth consecutive meeting","author":"enterpriseam admin","date":"8 August 2021","format":false,"excerpt":"The Central Bank of Egypt\u2019s Monetary Policy Committee (MPC) left interest rates unchanged for a sixth consecutive meeting on Thursday as policymakers look to preempt rising inflation and maintain Egypt\u2019s high real interest rate. Overnight deposit and lending rates were kept unchanged at 8.25% and 9.25%, respectively, while the main\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/110.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570522,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/05\/central-bank-of-egypt-leaves-rates-on-hold-in-first-meeting-after-record-cut\/","url_meta":{"origin":651514,"position":3},"title":"Central Bank of Egypt leaves rates on hold in first meeting after record cut","author":"enterpriseam admin","date":"5 April 2020","format":false,"excerpt":"CBE leaves rates on hold in first meeting after record cut: The Central Bank of Egypt left rates on hold on Thursday, less than three weeks after it made a dramatic 300 bps rate cut to shore up the economy amid widespread disruption caused by the covid-19 pandemic. The central\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/28.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591084,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/31\/cbe-to-keep-rates-unchanged-on-thursday-poll-2\/","url_meta":{"origin":651514,"position":4},"title":"CBE to keep rates unchanged on Thursday -poll","author":"enterpriseam admin","date":"31 July 2023","format":false,"excerpt":"All seven analysts expect policymakers to hold rates for a third consecutive meeting","rel":"","context":"In &quot;POLL&quot;","block_context":{"text":"POLL","link":"https:\/\/enterpriseam.com\/egypt\/category\/poll\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/908.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575452,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/egypts-economy-to-grow-at-a-3-5-clip-in-fy2020-2021-deutsche-bank\/","url_meta":{"origin":651514,"position":5},"title":"Egypt\u2019s economy to grow at a 3.5% clip in FY2020-2021 -Deutsche Bank","author":"enterpriseam admin","date":"15 October 2020","format":false,"excerpt":"Egypt\u2019s economy could grow at a 3.5% clip this fiscal year, supported by government spending, an expansion in the ICT and energy sectors, and growth in net exports, Deutsche Bank said in a report cited by the local press. Meanwhile, construction and non-oil industries are getting the support they need\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/165.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=651514"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651514\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/651493"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=651514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=651514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=651514"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=651514"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=651514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}