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" Global inflation"

24 results

Business - Economy
5/20/2024 2:41:42 PM
The global inflationary wave has raised Egypt's import bill by $4 billion per month due to the rise in global prices, increased shipping costs, and exchange rate fluctuations, Minister of Finance Mohamed Maait stated on Monday.

Al-Ahram Weekly - Opinion
12/12/2023 7:48:47 PM
The high volatility of exchange rates and the probability that inflation rates remain high make it crucial to activate inflation-targeting frameworks in the developed and developing countries alike, writes Mahmoud Mohieldin

Business - Economy
10/21/2023 1:49:53 PM
The US Federal Reserve warned Friday that the war in Gaza and the ongoing Ukraine conflict could cause harm to the world economy and boost global inflation.

Business - Economy
8/27/2023 12:46:30 PM
Rising trade barriers. Aging populations. A broad transition from carbon-spewing fossil fuels to renewable energy.

Business - Economy
4/23/2023 8:43:27 PM
President Abdel-Fattah El-Sisi has ordered an almost 50 percent increase in appropriations for various subsidy and social protection programs in the budget for FY2023/2024 in order "to ease the burden on citizens during the global inflation wave."

Business - Economy
4/12/2023 12:14:44 AM
The underlying drivers of historically-high global inflation could persist until 2025, the International Monetary Fund's chief economist told AFP on Tuesday.

Business - Markets & Companies
11/30/2022 2:34:13 PM
The global inflationary wave and its severe repercussions on the prices of commodities and services in the Egyptian market are the main challenges Fawry and other e-payment and digital finance solutions companies have been facing since the onset of the Russia-Ukraine conflict, Fawry CEO Ashraf Sabry said.

Al-Ahram Weekly - Egypt
10/20/2022 10:54:00 AM
Egypt is anticipating its fourth loan from the International Monetary Fund in order to boost the economy, increase foreign-currency reserves, and cushion the effects of the global inflationary wave.

Egypt - Urban & Transport
9/17/2022 5:09:48 PM
Egypt's Suez Canal Authority (SCA) announced an increase in transit fees by 10-15 percent starting January 2023 to deal with the impact of the current global inflation.

Business - Economy
8/10/2022 3:00:00 PM
Egypt’s headline annual inflation accelerated to 14.6 percent in July – more than double the corresponding month in 2021 – up from 13.2 percent in June, while urban annual inflation also rose to 13.6 percent, the Central Agency for Public Mobilisation and Statistic (CAPMAS) announced on Wednesday.

Egypt - Urban & Transport
7/25/2022 2:19:32 PM
Minister of Transportation Kamel El-Wazir revealed on Sunday evening that the ministry is conducting a study to implement “a small increase” in the fares for the Cairo Metro and railway trains, as the ministry is attempting to reduce a large budget deficit due to the increase in expenses amid global inflation.

World - International
7/13/2022 5:27:57 PM
Global stocks fell Wednesday and the euro dipped below $1.00 for the first time in nearly 20 years after data showed a surge in US inflation last month, convincing investors that further increases in borrowing costs are on their way.

Al-Ahram Weekly - Economy
6/28/2022 8:55:54 PM
Nahla Abul-Ezz examines Egypt’s 2022-23 budget, drafted under the exceptional circumstances of a global inflationary wave and the Ukraine war.

World - International
6/27/2022 3:50:29 PM
The increase of prices for fuel and other basic commodities has sparked protests around the world as global inflation begins to bite, with protesters crying that pay is not enough to keep up with soaring prices.

Business - Economy
6/26/2022 12:46:44 PM
Hit by cascading crises, Egypt’s latest Purchasing Managers’ Index (PMI) showed that the country’s non-oil business sector was noticeably impacted by global inflationary pressures, Economist at Standards and Poor’s’ (S&P Global) Market Intelligence Department David Owen told Ahram Online (AO).

Egypt - Politics
5/9/2022 5:14:40 PM
Egypt's finance minister Mohamed Maait and planning and economic development minister Hala El-Said presented two statements on the draft budget of FY 2022/23 and the socio-economic development plan to the House of Representatives in a plenary session on Monday.

Business - Economy
3/29/2022 5:16:48 PM
Global inflation is expected to jump by 1.5 percent in 2022, driven by the Ukrainian-Russian conflict and its associated impacts, particularly the soaring costs of shipping, the International Monetary Fund (IMF) said on Tuesday.

Al-Ahram Weekly - Egypt
3/23/2022 10:00:00 AM
On Saturday, Minister of Supply and Internal Trade Ali Moselhi said commodity prices in the local market had not yet been affected by the Russian-Ukrainian war, and blamed recent price hikes on coronavirus pandemic-led global inflation.

Al-Ahram Weekly - Egypt
3/11/2022 5:48:00 PM
The Ukraine crisis and the global inflationary wave call for a thorough review of Egypt’s building materials market, experts tell Al-Ahram Weekly.

Egypt - Courts & Law
3/10/2022 2:56:39 PM
Egypt's Public Prosecution ordered the detention of 12 merchants over charges of hoarding commodities to take advantage of global inflation and the Ramadan shopping season – which starts in early April – to later hike prices.

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