An Egyptian woman attends a customer at her vegetable shop in downtown Cairo, Egypt. Reuters
Egypt’s headline inflation rate fell to its lowest in nearly four years, dropping to 8.7% in July from 9.4% in June, official figures from the CAPMAS statistics agency showed.
Egypt’s annual urban consumer price inflation decreased to 4.8% in September from 7.5% in August, the statistics office said on Thursday, slowing to its lowest level in almost seven years and paving the way for more interest rate cuts.
Input price inflation in the Egyptian non-oil private sector eased to one of the weakest rates on record in November, according to the latest survey data.
While Salah helped lead his club to a sixth European Cup triumph in June, a year on from an injury forcing him out of the final, he was powerless to stop the Pharaohs suffering humiliation on the international stage for the second time in 12 months.
South Korea’s central bank (CB) has kept interest rates unchanged on Thursday, dashing expectations for a cut even as it downgraded the growth outlook.
Small-cap Chinese stocks have surged fueled by the government stimulus measures to support the virus-hit economy. Analysts say the unusual rise is triggering fears of a repeat of the boom that preceded the 2015 market crash.
As 2020 unfolds, the positive dynamic in January and February is auguring well for the UAE, with new gas finds and a series of mega developmental projects, announced