Amr El-Garhy | Al Bawaba

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A sharp surge in basic and non-basic commodity prices began right after the flotation of the Egyptian pound in November. (File photo)

May 11th, 2017 - 11:12 GMT

Egypt's Inflation at Record-High Levels and Pound Flotation Is Only Making Things Worse

Inflation in Egypt climbs to 32.9 percent in April, up from 32.5 percent in March.

Tarek Amer, governor of the Central Bank of Egypt, speaks during a recent press conference in Cairo. (AFP/File)

February 2nd, 2017 - 09:48 GMT

Egypt’s Central Bank receives $4 billion from Eurobonds issuance

The Egyptian government agreed earlier this month to issue international bonds worth $3-5 billion. (File photo)

October 19th, 2016 - 04:39 GMT

Only $6B to go: Egypt pushes to meet IMF funding requirements

Cigarettes will be taxed at a fixed rate of 50 percent of the pack's consumer price in addition to price increases.

September 4th, 2016 - 05:18 GMT

VAT in Egypt: A guide to taxed and exempted goods

The Egyptian government is seeking a package of $4 billion a year over three years. (File photo)

August 1st, 2016 - 09:00 GMT

No preconditions on IMF loan, says Egypt

The North African country has repeatedly delayed a return to international debt markets after selling its first international bond in five years last June. (File photo)

April 17th, 2016 - 12:00 GMT

Egypt's international bond issue delayed