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Egypt’s annual inflation falls to 12.5% in April

Egypt’s annual consumer price inflation dropped to 12.5% in April 2019, compared to 12.9% in April 2018, according to Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday. The CAPMAS said that the monthly inflation rate increased by 0.4% in April, recording 308.1 points, compared to 307 points in March. Furthermore, the CAPMAS attributed …

Daily News Egypt

MNHD records EGP 634.2m in consolidated revenues in Q1

Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, recorded consolidated revenues of EGP 634.2m in the first quarter (Q1) of 2019, up 3.8% year-over-year (y-o-y) from the EGP 610.8m recorded during Q1 of 2018. MNHD announced on Thursday its results for Q1 ending 31 March 2019, reporting that consolidated net profits for …

Shaimaa Al-Aees

Al-Sisi discusses supporting African continent with Mushikiwabo

President Abdel Fattah Al-sisi met on Wednesday with the head International Organisation of La Francophonie (IOF), Louise Mushikiwabo, where they discussed mutual cooperation. Sisi said Egypt looks forward to boosting cooperation with the support of countries in the African continent during the meeting, and that he aims that the cooperation would support African countries in …

Daily News Egypt

WDR 2019: changing nature of work, best government response?

The World Bank (WB) issued the World Development Report (WDR) 2019 on Wednesday called “The Changing Nature of Work,” which studies how the nature of work is changing as a result of advances in technology today. Fears that robots will take away jobs from people have dominated the discussion over the future of work, but …

Nihal Samir

Central Bank of Egypt

Egypt’s external debt rises to $96.6bn by end of December: CBE

Egypt’s external debt rose to $96.6bn by the end of December 2018, compared to $82.88bn by the end of December 2017, an increase of $13.7bn, according to Central Bank of Egypt (CBE) on Wednesday. The CBE added that long-term external debt recorded $86.3bn by the end of December 2018, an increase of $1.4bn from December …

Hossam Mounir

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