Page 10 - Patrick Werr News Today

Few of its grand projects are generating additional hard currency inflows, while foreign investors have added to its woes by snubbing Egypt and other emerging markets since the start of the Ukraine war and as global borrowing costs have climbed

Egypt faces an increasingly tough task raising cash for foreign debt repayments after external borrowing quadrupled over the past eight years to help fund a new capital, build infrastructure, buy weapons and support an overvalued currency.

CAIRO (Reuters) - Egypt faces an increasingly tough task raising cash for foreign debt repayments after external borrowing quadrupled over the past eight years to help fund a new capital, build infrastructure, buy weapons and support an overvalued currency. | 02:06am

The median forecast of 13 analysts polled showed annual urban consumer inflation climbing to 31.4% in May from 30.6% in April

Non-oil private sector activity in Egypt contracted for the 30th straight month in May, weighed down by continued high inflation and weak demand, a survey showed on Monday.

As forecast by analysts, the bank left its lending rate at 19.25% and deposit rate at 18.25%, its Monetary Policy Committee said

(Reuters) - Egypt's central bank kept its overnight interest rates unchanged on Thursday, saying that growth had slowed in the fourth quarter and international commodity prices were easing. | May. 18

CAIRO (Reuters) - Egypt's annual urban consumer inflation in April slowed to 30.6% from 32.7% in March, data from the state statistics agency CAPMAS showed on? ?Wednesday, lower than analysts had expected. | 03:05am

The median forecast of 13 analysts polled showed annual urban consumer inflation slipping to 31.0% in April from 32.7% in March

CAIRO (Reuters) - Egypt's headline inflation rate is likely to edge down in April from a five and a half year high the month before, a Reuters poll showed on Monday, helped by a favourable base effect, a steady currency and weaker commodity prices. | 09:47am