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Real estate prices is a mirror for the inflation: Colliers International

Real estate prices will still go up due to the inflation that came as a result of the currency devaluation, according to Regional Director at Colliers International Middle East and North Africa Ian Albert. Colliers International is a global commercial real estate company. In an interview with Daily News Egypt, Albert said that the there …

Shaimaa Al-Aees

Energy subsidy cuts, take its toll on the average Egyptians

Egypt, a country with a population of 90m, where more than 28% of them live below the poverty line, has been suffering following the 25 January Revolution in 2011 from economic challenges and political instability. These factors intensified Egypt’s already-existing structural problems. Since November 2016, when the authorities started to implement the economic reform programme …

Mohamed Samir

Egypt inflation likely to rise 3-4.5% after fuel price hike: Kojak

Egypt’s inflation rate is expected to rise by between 3 and 4.5 percent following last week’s fuel price hike, Deputy Finance Minister Ahmed Kojak said on Monday. Global Search House expected prices to resume rally again after Egyptian government enacted a second round of economic reforms at the beginning of the fiscal year 2017/2018. Egypt …

Daily News Egypt