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CAIRO (Reuters) - Egypt's annual headline inflation in July rose to an all-time high of 36.5%, in line with analysts' expectations, as food prices soa...
Surging food prices helped July’s headline inflation numbers break the record of 36.8% in June.
By Patrick Werr CAIRO (Reuters) -The Central Bank of Egypt (CBE) kept its overnight interest rates steady on Thursday, hours after a new governor was
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
CAIRO: Egypt’s president on Thursday appointed a caretaker governor of the central bank, the president’s office said, a day after the bank’s chief resigned amid a grinding economic crisis triggered by Russia’s war on Ukraine. According to a statement, President Abdel Fattah El-Sisi named Hassan Abdalla to succeed Tarek Amer, who had held the post since 2015. The appointment