A vendor waits for customers at his shop in downtown Cairo. Agence-France Presse
Egypt’s unemployment rate dropped to 8.1 per cent in the first quarter of 2019 from 10.6 per cent in same period the previous year, state statistics agency CAPMAS said on Wednesday.
Egypt’s annual urban consumer price inflation eased to 13.0 per cent in April from 14.2 per cent in March, official statistics agency CAPMAS said on Thursday. “The figures are lower than our expectations,” said Radwa El-Swaify, head of research at Pharos Securities Brokerage.
Egypt’s non-oil private sector economy saw renewed growth in April, according to latest PMI data. Output expanded for the first time in nearly one-and-a-half years and new business increased at a faster rate. Input purchasing and job numbers also rose, while business sentiment towards the year-ahead outlook for activity strengthened.
The Dubai economic growth is on solid track and is marching ahead. Dubai is a safe haven for local and foreign investors. Dubai Airport Freezone Authority (DAFZA)
Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, said that the value of non-oil trade between the UAE and Russia over the past five years amounted to US$14.1 billion,
Abu Dhabi National Exhibitions Company (Adnec) has completed its preparations for the second edition of Abu Dhabi International Boat Show (ADIBS) 2019,