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Egyptian food retail market grows stronger despite challenges

Egypt continues to maintain its position as the Arab world’s largest consumer market. With an estimated 92 million citizens and one of the world’s fastest growing populations, the demand for food products will continue to grow. Although the country faced various economic challenges following the 2011 and 2013 regime changes and subsequent decreases in tourism …

Mohamed Samir

Deficit in trade balance down by 3.1% in August: CAPMAS

During August, the deficit in the trade balance recorded EGP 37.8bn, compared to EGP 38.9bn in August 2015, a decrease of 3.1%, according to the Central Agency for Public Mobilization and Statistics’ (CAPMAS) monthly bulletin on foreign trade statistics. In a statement issued on Monday, CAPMAS noted that the deceleration happened because the value of …

Hisham Salah

Inflation rate likely to rise next year: experts

Egypt’s core inflation rate climbed to its highest level in seven years in June, underscoring the challenges confronting the government as it grapples with a foreign-currency crunch. Annual core inflation, which excludes volatile items such as food, reached 12.3% in June, up from 12.23% in May and the highest since February 2009, according to the …

Hisham Salah

Denmark leads Europe in tackling food waste

More than one-third of all food is spoiled or squandered. Led by an activist with a passion for food, Denmark has been working intensively on solutions. Eliminating “UFOs” is just one thing regular people can do to help.

Deutsche Welle

World food prices plunge to new low

World food commodity prices in August logged their largest monthly drop since December 2008, the United Nations food agency said on Thursday – unwelcome news for Europe’s struggling farmers

Deutsche Welle