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The CBE announced that it will extend the “Support Tourism” initiative until December 2014
Poverty increased by an annual 1.1%, while an Egyptian five-headed household needs EGP 1,620 to fulfill its basic needs
There has been a major decline in the number of European tourists in Egypt
70.8% of the total unemployed are Egyptian youth
Largest number of August tourists hail from Europe (74.7%) followed by 18.1% from Arab countries
Government continues to fight the constant inflation rates increases
Holland, Belgium and Czech Republic removed their travel alerts
Total consumption rates for imported cotton during this period, meanwhile, reached 21,800 metric quintals, compared to 23,200 metric quintals during the previous season, representing a 6.3% decrease.
This still represents a 69% increase compared to May 2010, when the trade deficit totaled EGP9.59bn, the report said.
While placing emphasis on maintaining tourism partnerships abroad, Zaazou asked foreign travel agencies to push their governments to lift their negative travel advisories for Egypt since the national curfew is not imposed in many beach tourist sites.
51.3% of youths between the ages of 18 and 29 lived in or near poverty in 2012
Annual inflation increases to 10.28% in July compared to 9.75% in June
The report emphasised that 30.5% of youth have previously migrated without a visa; 80.9% of them had no contracts
Meanwhile, imports fell 7.8% year on year to EGP 35.8bn due to the decreasing prices of some goods like wheat, corn, chemical products and wood. In March of last year, imports registered EGP38.8bn.
The rate of births per 1,000 citizens was reported at 25.7 in 2006, increasing to 31.9 in 2012, while the rate of deaths per 1,000 citizens also increased slightly from 6.3 in 2006 to 6.4 in 2012.
Workers in the retail sector say prices for most products have increased significantly in recent months, due to increases in the price of the US dollar.
According to the report, issued ahead of the World Day Against Child Labour on 12 June, the number of working children between the ages of five and 17 is 1.59m, or 9.3% of all children.
World Food Programme releases report on poverty and food insecurity in Egypt
Rise attributed to increases in export of fresh oranges, crude oil, pastas, rice, ceramic tiles and health products
Poorest consumers feel commodity price increases most painfully
The report said that the Tourism Ministry has unofficially stated an increase in the number of tourists by 22% as of March 2013
Rate has increased by 3.7 percentage points since 2010
Attributes decline to rise in global cotton prices
Rural inflation rate surpasses that of urban areas
By Farah Halime The people at Cairo-based brokerage firm Pharos Holding have sent investors a thorough breakdown of the reasons behind Egypt’s diesel crisis. Titled “Diesel Crisis: Unquoted Figures and Untold Stories. The Secret behind Diesel Shortages in Egypt”, the document sheds light on the country’s fuel crisis. Pharos Research sourced diesel import data from the main government …
IMF may offer a ‘bridge loan’ to Egypt in the meantime as short term financing solution
CAPMAS and Central Bank of Egypt figures reveal rise in inflation, foreign exchange reserves reduced to $13.5bn by the end of February
The number of unemployed Egyptians reached 3.5 million, increasing by 4.8% from the third quarter of 2012 and increasing by 2.1 million from the fourth quarter of 2010, CAPMAS reported
Exports fell by 1.5%, while imports jumped 14.4% during the same period
Labour force survey for Q4 2012 reveals growing rate of unemployment