Egypt’s Sisi: Authoritarian leader with penchant for bridges
By Aidan Lewis CAIRO (Reuters) – Egyptian President Abdel Fattah al-Sisi has been criticised as a despot for crushing opposition lingering from a brief period …
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Suez Canal diversions pile pressure on Egypt’s distressed economy
By Patrick Werr CAIRO (Reuters) – A sharp downturn in revenue after sea attacks by Yemen’s Houthis diverted away shipping away from the Suez Canal …
Factbox-What is Egypt’s proposal for Gaza?
By Nidal al-Mughrabi, Dan Williams and and Ahmed Mohamed Hassan GAZA (Reuters) – Egypt has held talks between Hamas and its allied Islamic Jihad to …
Currency, inflation woes in focus as Egypt’s Sisi set for third term
By Patrick Werr CAIRO (Reuters) – In the run-up to Egypt’s Dec. 10-12 presidential election, financially strapped people queue at state-managed cooperatives trying to buy …
Egypt’s headline inflation eases to 35.8% in October
CAIRO (Reuters) – Egypt’s annual urban consumer price inflation rate dropped to 35.8% in October from a record high of 38.0% in September, data from …
Egypt’s non-oil activity contracts in September as backlogs rise -PMI
CAIRO (Reuters) – Egypt’s non-oil private sector shrank for the 34th straight month in September as a slowdown at ports and low consumer demand caused …
Egypt’s August headline inflation jumps to a record 37.4%
(Reuters) – Egypt’s annual urban consumer price inflation rate surged to a higher-than-expected record 37.4% in August from 36.5% in July, data from the country’s …
Egypt’s Sisi and Ethiopia’s PM discuss Sudan’s crisis and Ethiopian dam -presidency
CAIRO (Reuters) – Egyptian President Abdel Fattah al-Sisi and Ethiopian Prime Minister Abiy Ahmed on Wednesday discussed the Sudanese crisis, bilateral relations and Ethiopia’s giant …
Egypt’s current account moves into surplus in Oct-Dec
CAIRO (Reuters) – Egypt’s current account turned a surplus for the first time in years in the October-to-December quarter as imports dropped and exports rose, …
Egypt’s economy seen growing 4% this fiscal year as currency weakens- Reuters poll
By Patrick Werr CAIRO (Reuters) – Egypt’s economy will grow 4.0% this fiscal year and 4.5% next even as it endures a continuing depreciation in …
Egypt’s headline inflation rate increased to 32.7% in March
CAIRO (Reuters) – Egypt’s annual urban consumer inflation rate in March climbed to 32.7% year-on-year, just shy of an all-time record, from 31.9% in February, …
Container ship refloated in Egypt’s Suez Canal after breakdown- Canal Authority
CAIRO (Reuters) – A container ship that broke down in Egypt’s Suez Canal on Sunday causing some traffic to be diverted has resumed its journey, …
Egypt’s December inflation accelerates to annual 21.3%
CAIRO (Reuters) – Egyptian annual urban consumer inflation in December rose to 21.3% from 18.7% in November, exceeding analyst expectations, data from the statistics agency …
Egypt’s pound keeps falling on black market ahead of IMF meeting
By Patrick Werr CAIRO (Reuters) – The gap between the official rate of the Egyptian pound against the dollar and the price on the black …
Egypt’s core inflation rises to 21.5% yr/yr in November – central bank
(Reuters) – Egypt’s core inflation rose to 21.5% year on year in November from 19.0% in October, the central bank said on Thursday. (Reporting by …
Egypt’s economic growth at 4.4% in Q1 of FY 2022/23 – cabinet
CAIRO (Reuters) – Egypt posted economic growth at 4.4% in Q1 of the fiscal year 2022/23, a cabinet statement said on Monday. The employment rate …
Egypt’s central bank transfers subsidised loan programmes to govt in line with IMF demand
CAIRO (Reuters) – Egypt’s central bank is transferring the administration and costs of its main subsidised loan programmes to the ministry of finance, according to …
Gap shrinks between Egypt’s official, black market dollar prices – traders
By Mahmoud Salama CAIRO (Reuters) – The gap between the official and black market price of dollars in Egypt has narrowed significantly since the central …
Egypt’s current account deficit drops by half in April-June quarter
CAIRO (Reuters) – Egypt’s current account deficit fell by almost half in the April-June quarter as non-oil imports tumbled by nearly 20% from the previous …
Egypt’s non-oil private sector extends contraction in September -PMI
CAIRO (Reuters) – Egypt’s non-oil private sector shrank for the 22nd month in a row in September as the country’s faltering economy weighed on business, …
Egypt’s central bank seen hiking rates to dampen price rises – Reuters poll
CAIRO – The Central Bank of Egypt (CBE) will hike its overnight deposit rate by 50 basis points (bps) on Thursday as it works to …
Second woman killed in shark attack in Egypt’s Red Sea
CAIRO -Two women were killed in shark attacks in Egypt’s Red Sea, south of the city of Hurghada, the Egyptian Ministry of Environment said on …
Egypt’s foreign debt rose by $8.1 billion in last quarter of 2021
CAIRO – Egypt’s net external debt climbed by $8.1 billion in the fourth quarter of 2021, central bank data showed on Sunday. Egypt had been …
Egypt’s core inflation at 11.9% yr/yr in April vs 10.1% pct in March – central bank
CAIRO – Egypt’s core inflation increased to 11.9% year on year in April from 10.1% in March, data from the central bank showed on Tuesday. …
Egypt’s Suez Canal Q1 revenue at $1.69 billion – statement
CAIRO – Egypt’s Suez Canal recorded revenue of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period a …
Egypt’s Suez canal to increase tolls by up to 10%
CAIRO – Egypt’s Suez Canal Authority said on Sunday it was increasing canal tolls by up to 10% for laden and ballast vessels, effective March …