Mirette Magdy

4 days ago | financialpost.com | Mirette Magdy |Tarek El-Tablawy

Article content(Bloomberg) — Egyptian inflation slightly accelerated for a second month, an anticipated quickening driven by a cut in fuel subsidies that’s unlikely to put the brakes on a long-awaited monetary-easing cycle. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.

4 days ago | bloomberg.com | Mirette Magdy |Tarek El-Tablawy

Food and beverage prices, the largest single component of the inflation basket, climbed 6% year-on-year, compared with 6.6% in March. (Bloomberg) -- Egyptian inflation slightly accelerated for a second month, an anticipated quickening driven by a cut in fuel subsidies that’s unlikely to put the brakes on a long-awaited monetary-easing cycle. Consumer prices in urban areas grew an annual 13.9% in April versus 13.6% the month before, Egypt’s main statistics body said Saturday.

1 week ago | financialpost.com | Mirette Magdy

Advertisement 1The International Monetary Fund downgraded its growth forecasts for oil exporting countries in the Middle East and North Africa, including Saudi Arabia and Iraq, citing escalating global trade tensions and lower energy prices. Article content(Bloomberg) — Subscribe to Economics Daily for the latest news and analysis. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.

2 weeks ago | bloomberg.com | Mirette Magdy

An oil export terminal in Saudi Arabia. (Bloomberg) -- The International Monetary Fund downgraded its growth forecasts for oil exporting countries in the Middle East and North Africa, including Saudi Arabia and Iraq, citing escalating global trade tensions and lower energy prices. The IMF cut the 2025 outlook for oil exporters in the region to 2.3%, 1.7 percentage points lower than the fund’s forecast from October.

2 weeks ago | bloomberg.com | Mirette Magdy |Paul Wallace

Shoppers in the Attaba district in Cairo, Egypt. (Bloomberg) -- The International Monetary Fund said Egypt should tread carefully as it lowers interest rates, due to global uncertainty wrought by US President Donald Trump’s tariff raises. The North African country made its first interest-rate cut in almost five years last month, after annual consumer-price growth fell to 13.6%, less than half its September 2023 record.