Egypt’s food and beverages (F&B) annual inflation recorded 63.9 percent, while headline annual inflation registered 36.4 percent, their lowest levels since May 2023, according to the official statistics agency, CAPMAS.
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The profits of global aerospace companies are expected to surge by 10 percent to $25.7 billion in 2024 from $23.3 billion in 2023, according to a report by the International Air Transport Association (IATA) published on Sunday.
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The Egyptian government has allocated EGP 100.7 billion in investments for the country's manufacturing industries sector during the current fiscal year (FY) 2023/24, said Minister of Planning and Economic Development Hala El-Said.
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Egypt's annual core inflation rate decelerated by 2.2 percent in November, recording 35.9 percent, down from 38.1 percent in October, according to the data released by the Central Bank of Egypt (CBE) on Sunday.
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Egypt’s Ministry of International Cooperation formed a partnership with the World Bank to incentivize innovation in climate-smart agriculture (CSA), according to a ministerial statement on Sunday.
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Egypt’s exports increased by 19.4 percent in 2022 to reach $52.1 billion, up from $43.6 billion in 2021, according to the data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Saturday.
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Egypt’s annual headline inflation decelerated to 36.4 percent in November, down from 38.5 percent a month prior, according to the data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.
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The Emirati energy company Mubadala is seeking to inject new investments in Egypt, CEO Mansoor Al-Hamed stated on Thursday during a meeting with Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla.
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Amidst great scarcity and inflated prices of sugar in many areas across Cairo, Fathy Mohamed, a 31-year-old Egyptian, wanders the capital as he struggles to bring a couple of kilos of sugar back to his family.
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The Egyptian Ministry of Supply and Internal Trade increases the rations of subsidized sugar to families, amid a shortage felt in the market, according to a Cabinet statement on Thursday.
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The IMF is currently discussing with Egyptian authorities providing additional financing to ensure the successful implementation of the policy package for Egypt to help it withstand the repercussions of the recent conflict in the Middle East and its potential adverse impact on tourism revenues, Julie Kozack, the IMF’s Director of Strategic Communications (COM), told Ahram Online.
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Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats, a joint-stock company, per the decree published in the Official Gazette on Thursday.
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The international reserves at the Central Bank of Egypt (CBE) inched up by $71 million to record $35.17 billion in November, according to CBE data on Thursday.
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The Egyptian government’s revenues surged 29.5 percent year-on-year to EGP 335.13 billion ($10.83 billion) during the first three months of the fiscal year (FY) 2023/2024, according to data released by the Ministry of Finance.
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Brussels proposed Wednesday a three-year delay on tariffs on the sale of electric vehicles between Britain and the EU that was meant to kick in from January, in a major reversal of its previous position.
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The American University in Cairo (AUC) announced that Sherif Kamel, dean of the School of Business Administration, has joined the Board of Directors of the Central Bank of Egypt (CBE) as a financial expert, read an AUC statement on Wednesday.
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Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.
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Egypt’s trade deficit increased by 10.3 percent to reach $3.24 billion in September compared to $2.84 billion in the same month last year, according to the data released by the Central Agency for Public Mobilization and Statistics (CAMPAS) on Wednesday.
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Asian shares advanced on Wednesday after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy.
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Egypt’s delegation to the 28th UN Climate Change Conference (COP28), headed by President Abdel-Fattah El-Sisi, finalized crucial agreements, MoUs, and initiatives spanning green energy, climate action, and gender equality during the first week of the conference.
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