Day: August 2, 2024

Egypt’s inflation rate, which stood around 30 percent in May, is expected to rise by between 3 and 4.5 percentage points following last week’s fuel price hike, Deputy Finance Minister Ahmed Kojak told Reuters last week.  On 25 July, Egypt increased fuel prices by up to 50 percent to help…

Mostafa Madbouly, Prime Minister, chaired on Thursday the first meeting of the Coordination Council for Financial and Monetary Policies, in its new formation. The Prime Minister reiterated that the approval of the Board of Directors of the International Monetary Fund (IMF) for the third review within the framework of the…