Average price per tonne dropped 24% quarter-on-quarter (q-o-q) and year-on-year (y-o-y), although volumes improved 36% q-o-q and were down 6% y-o-y.
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Soaring prices—the topic du jour in every conversation across all social classes—is just one indicator of the dire economic situation in Egypt. Such pressures are accompanied by stagnant wages, companies laying off employees, and extreme difficulties for someone trying to find a new job. This is compounded by tough measures that are on the way, …