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.
Egyptian security officials have held talks with Palestinian leaders in recent days in part to prevent a new flare-up of tensions between Israel and the Gaza Strip, Palestinian officials said on Sunday.
Mohamed Salah was left stunned after the hosts Egypt were ousted of the Africa Cup of Nations by South Africa in a shock defeat on Saturday. In another match, Odion Ighalo scored twice and teed up Alex Iwobi’s winning goal as Nigeria
Bounedjah gave Algeria a dream start in the second minute when his deflected shot looped over Senegal goalkeeper Alfred Gomis, and it proved enough for the 1990 champions to lift the trophy on foreign soil for the first time.
Mohamed Salah scored his first goal of the Africa Cup of Nations as hosts Egypt secured a place in the last 16 on Wednesday with a 2-0 win over the Democratic Republic of Congo.
The Africa Cup of Nations will be contested by a record 24 teams in Egypt this month, up from just three when the tournament debuted 62 years ago.
During a recent class at Cairo University, students laughed as they watched a skit acted out by their peers about a married couple. The husband came home from work and asked his wife, who was sweeping the floor, why dinner wasn't ready.