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 of democracy, while winning praise…
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 has struck a painful new…
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 try and broker a permanent…
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 scarce rations of subsidised sugar.…
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 the country’s statistics agency CAPMAS…
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 company backlogs to jump at…
(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 statistics agency CAPMAS showed on…
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 dam on the Blue Nile,…
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, the central bank said in…
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 its currency, a Reuters poll…
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, data from the country’s statistics…
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, the Canal Authority said. The…
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 CAPMAS showed on Tuesday. The…
By Patrick Werr CAIRO (Reuters) – The gap between the official rate of the Egyptian pound against the dollar and the price on the black market has widened further, putting…
(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 Moaz Abd-Alaziz and Alaa Swilam;…
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 rose slightly to 7.4% in…
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 a circular published on its…
By Mahmoud Salama CAIRO (Reuters) – The gap between the official and black market price of dollars in Egypt has narrowed significantly since the central bank announced a flexible exchange…
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 quarter, the central bank said…
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, a survey showed on Tuesday.…
CAIRO – The Central Bank of Egypt (CBE) will hike its overnight deposit rate by 50 basis points (bps) on Thursday as it works to keep inflation in check, a…
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 Sunday. Two sources told Reuters…
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 increasing its borrowing to plug…
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. (Reporting by Yasmin Hussein; Editing…
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 year prior, the canal authority…