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.
Asian shares held near a 20-month top on Monday even as investors took some money off the table following a strong run recently, while oil jumped to more than a one-week high after two large crude production bases in Libya began shutting down.
The growth pace of the regional logistics industry is set to intensify in the year 2020 on the back of boosted UAE growth expectations. The UAE is hosting the region’s first EXPO, in 2020,
World stocks traded just below record highs on Monday, pausing ahead of this week’s central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades began shutting down two Libyan oilfields.