Egypt's progress on structural reforms under an $8 billion International Monetary Fund loan agreement has been mixed, the ...

Prime Minister Mostafa Madbouli said many international institutions have praised Egypt’s economic resilience, noting that ...

Annual inflation climbed to 15.3% in August, compared with just over 6% in the same month last year. The Egyptian pound recently hit a record low against a strengthening U.S. dollar, selling at 19 ...

The overnight deposit rate remains at 24%, the overnight lending rate at 25%, and the rate of the main operation at 24.5% ...

A luffa vendor looks for customers in the Old Cairo district of Cairo, Egypt, Sept. 8, 2022. For decades, millions of Egyptians have depended on the government to keep basic goods affordable.

Egypt, a country of more than 103 million people, ... Poverty and inflation: Egypt's economy hit by global turmoil. AYA BATRAWY. Updated Sun, September 25, 2022 at 6:10 AM UTC. 6 min read.

DUBAI, United Arab Emirates (AP) — Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There’s a waiting list to buy a new ...

DUBAI, United Arab Emirates (AP) — Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There's a waiting list to buy a new ...

DUBAI, United Arab Emirates (AP) — Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There's a waiting list to buy a new ...

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