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manassa.news > en > news > 31085

Dollar hits record 54.6 pounds as Iran war and Houthi entry rattle Egyptian markets

6+ hour, 52+ min ago  (307+ words) US military movements in the Middle East are adding to global uncertainty, prompting an outflow of foreign portfolio investments, the "hot money, from emerging markets, including Egypt, and increasing pressure on the pound," Salama Taha Hussein, Head of Equity Research…...

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manassa.news > en > stories > 30812

Egypt’s fuel crisis and the cost of endless "exceptional circumstances"

2+ week, 12+ hour ago  (1040+ words) The latest increase in fuel prices has intensified seven problems that are hardly new to Egyptians, neither in their nature nor in their causes or surrounding context. Yet this time they appear more complex within an economy growing increasingly fragile,…...

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manassa.news > en > news > 30823

Rising fuel prices ripple through food and construction markets

2+ week, 1+ day ago  (1082+ words) An anticipated wave of price increases has swept Egypt's local markets, hitting basic goods and building materials after the government's decision last week to raise fuel prices. The government said the fuel-price increase,announced March 10, was driven by volatile global…...

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manassa.news > en > news > 30751

Monthly inflation nearly doubles , annual rate hits 11.5%

2+ week, 6+ day ago  (194+ words) Monthly inflation nearly doubles , annual rate hits 11.5%" | " " " Egypt's monthly inflation rate rose to 2.7% in February, up from 1.5% in January, driven by higher food and education prices. Annual inflation also climbed to 11.5%, up from 10.1% in January, according to a statement from…...

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manassa.news > en > news > 30546

IMF unlocks $2.3B for Egypt despite concerns over slow privatization

1+ mon, 4+ day ago  (473+ words) The International Monetary Fund's executive board approved Egypt's fifth and sixth reviews under its Extended Fund Facility and the first review under its Resilience and Sustainability Arrangement, clearing the way for $2.273 billion in financing, while flagging slow progress on privatization…...

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manassa.news > en > news > 30292

Egypt expects IMF board to approve $2.4B disbursement in February

1+ mon, 2+ week ago  (584+ words) Egypt has received notice from the IMF that a meeting will be held with the Executive Board to approve the fifth and sixth reviews of the IMF's Extended Fund Facility with Egypt in late February, according to a source familiar…...