Egypt has received direct messages from Washington linking continued economic support to willingness to cooperate more ...

Annual inflation climbed to 15.3% in August, compared with just over 6% in the same month last year. The Egyptian pound recently hit a record low against a strengthening U.S. dollar, selling at 19 ...

DUBAI, United Arab Emirates (AP) — Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There's a waiting list to buy a new ...

Poverty and inflation: Egypt's economy hit by global turmoil. By AYA BATRAWY, AP Business Writer Updated Sep 28, 2022 6:35 a.m.

Egypt's progress on structural reforms under an $8 billion International Monetary Fund loan agreement has been mixed, the ...

Prime Minister Mostafa Madbouly said many international institutions have praised Egypt’s economic resilience, noting that ...

DUBAI, United Arab Emirates (AP) — Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There's a waiting list to buy a new ...

Annual inflation climbed to 15.3% in August, compared with just over 6% in the same month last year. The Egyptian pound recently hit a record low against a strengthening U.S. dollar, selling at 19 ...

Since the eruption of the Russian-Ukrainian war in February 2022, Egypt's inflation has been steadily increasing. The average core inflation for 2022 stood at 14.89 percent, according to CBE's data.