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Egypt's inflation rate probably fell for a third straight month in December on lower food prices, but may see an uptick in coming months after recent government price rises and a possible currency...
Egypt's inflation rate probably fell for a third straight month in December on lower food prices, but may see an uptick in coming months after recent government price rises and a possible currency devaluation, a Reuters poll showed on Monday. Inflation has eased from a historic high of 38.0% in September, but inflation risks are growing again. "The various price hikes announced last week are likely to drive inflation higher in the January inflation print released in early February," said Carla Slim of Standard Chartered.
Egypt's two main state banks raised the yield on their one-year local currency certificates of deposit on Thursday, heralding an imminent currency devaluation and a likely rise in the central bank's... -January 04, 2024 at 12:26 pm EST - MarketScreener
Egypt initialed an agreement with Abu Dhabi's AD Ports Group to develop, operate and maintain terminals for passengers and cruise lines at the Red Sea ports of Hurghada, Safaga and Sharm El Sheikh,...
Egypt's state-owned bank Banque Misr has raised the yield on one-year certificates of deposit to up to 27% annually, it said in a statement on Thursday. ... -January 04, 2024 at 11:24 am EST - MarketScreener