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Economic experts view Egypt’s economy in 2018 with cautious optimism 

For most of the last decade, Egypt has been squeezed between turbulence and uncertainty, and a deteriorating economy. Various challenges had to be addressed,  from political unrest and declining tourism to foreign currency and fuel shortages. To correct these structural issues within the economy, the Egyptian authorities adopted an economic reform programme in 2016. Consequently, …

Mohamed Samir

Egypt annual inflation rate falls to 26.7%

The annual inflation rate in Egypt fell in November to 26.7%, down from 31.8% in October, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS), which added that monthly inflation in November was up, scoring 1%. According to CAPMAS data, inflation in urban areas fell to 26% from 30.8% in October. The decline …

Ahmed Ismail

15.7% expected inflation rate in 2018: FocusEconomics

The FocusEconomics Consensus Forecast expects inflation in Egypt to average 15.7% in the year 2018, which is down 1.1% from last month’s estimate. During 2019, inflation is expected to fall to 11.5%, according to FocusEconomics. Inflation remains stubbornly high in September as urban consumer prices rose 1% from the previous month, down from August’s 1.13% …

Shaimaa Al-Aees

Real estate prices is a mirror for the inflation: Colliers International

Real estate prices will still go up due to the inflation that came as a result of the currency devaluation, according to Regional Director at Colliers International Middle East and North Africa Ian Albert. Colliers International is a global commercial real estate company. In an interview with Daily News Egypt, Albert said that the there …

Shaimaa Al-Aees

Energy subsidy cuts, take its toll on the average Egyptians

Egypt, a country with a population of 90m, where more than 28% of them live below the poverty line, has been suffering following the 25 January Revolution in 2011 from economic challenges and political instability. These factors intensified Egypt’s already-existing structural problems. Since November 2016, when the authorities started to implement the economic reform programme …

Mohamed Samir