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REVEALED: Capmas | Vintage Vibes

Suez Canal sees oil tanker surge amid Strait of Hormuz disruption

Egypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of Hormuz, forcing ships to use the Red Sea route. Broader vessel traffic also increased. This unexpected boost benefits Egypt's foreign exchange earnings, though overall…

The Economic Times

Egypt Inflation Soars to 5-year High

Egypt's official annual headline inflation rate leaped to 31.9 percent in February from 25.8 percent in January, its highest in five and a half years, according to official data published by statistics agency CAPMAS on Thursday. The government, meanwhile, has declared that the state is ready to provide new "support…

Asharq Al-Awsat

Egypt’s Headline Inflation Surges to 25.8% In January amid Imports Delay

Egypt's annual urban consumer price inflation jumped to a higher-than-expected 25.8% in January, data from statistics agency CAPMAS showed on Thursday. The rise from 21.3% in December followed a series of currency devaluations starting in March 2022, a prolonged shortage of foreign currency, and continuing delays in getting imports into…

Asharq Al-Awsat

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Egyptian Inflation Reaches Highest Level in 5Y, IMF Expects a Decline After 2Y

Egypt's annual urban consumer inflation rose sharply in December to 21.3 percent, its highest level in five years, according to Central Agency for Public Mobilization and Statistics (CAPMAS). The inflation rate in December was the highest since 2017 when it reached 21.9 percent. The rise from 18.7 percent in November…

Asharq Al-Awsat

Egypt's December Inflation Accelerates to Annual 21.3%

Egyptian annual urban consumer inflation in December rose to 21.3% from 18.7% in November, exceeding analyst expectations, data from the statistics agency CAPMAS showed on Tuesday. The inflation figure was the highest since December 2017, when it hit 21.9%. The price rises followed a currency devaluation in October and restrictions…

Asharq Al-Awsat

Egypt Inflation Jumps to Five-year High in November

Egypt's annual urban consumer inflation rate rose from 16.2 percent in October to 18.7 percent in November, the country's Central Agency for Public Mobilization and Statistics (CAPMAS) said Thursday. The inflation hike in November marks the highest increase since December 2017, when it reached 21.9 percent. Egypt's annual headline inflation…

Asharq Al-Awsat

Egypt’s Trade Balance Deficit Drops 28.7% in July

Egypt’s trade deficit declined by 28.7% year-on-year (YoY) in July, according to data released on Tuesday by the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly bulletin revealed that the deficit value of trade balance reached $2.7 billion in July, down from $3.8 billion for the same month…

Asharq Al-Awsat

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Egypt's Inflation Rate Rises to Near Four-Year High

Egypt’s annual urban consumer inflation rose to 15% in September, its highest in four years, data from the country’s statistics agency CAPMAS showed on Monday. Inflation increased to 15% year-on-year from 14.6% in August, according to CAPMAS data. This was the highest since November 2018, when it hit 15.7%. The…

Asharq Al-Awsat

Egypt’s Trade Balance Deficit Drops 12.4%

Egypt’s trade deficit declined by 12.4% year-on-year (YoY) in June, according to data released on Monday by the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly bulletin revealed that the deficit value of trade balance reached $3.21 billion in June, down from $3.66 billion for the same month…

Asharq Al-Awsat

Egypt Records 6.56% Increase in Manufacturing Production in June

Preliminary data on Egypt’s manufacturing and extractive industries production showed that the sector grew by 6.56 percent on a month-on-month basis in June 2022, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The manufacturing and extractive industries index — excluding crude oil and petroleum products — reached…

Asharq Al-Awsat

Egypt to Develop Local Industry, Encourage Modern Technologies

Egypt's Ministry of Trade and Industry will focus on developing the local industry, increasing the proportions of the local component, providing raw materials and production requirements, encouraging modern technologies, and localizing several sectors. Newly-appointed Trade and Industry Minister Ahmed Samir said the ministry would work to restore the status of…

Asharq Al-Awsat

Egypt’s Annual Urban Consumer Inflation Rises to 13.6% in July

Egypt's annual urban consumer inflation accelerated to 13.6% year-on-year in July from 13.2% in June, data from the country's statistics agency CAPMAS showed on Wednesday. Month on month, headline inflation increased by 1.3%, compared to a 0.1% decrease in June. Among the biggest annual price increases were food and beverages…

Asharq Al-Awsat

Egypt Registers Primary Surplus of $5.2 Billion

Egypt registered a primary surplus of EGP98.5 billion ($5.23 billion) in the 2021/22 financial year to June 30, the country’s finance ministry said on Thursday. The overall budget deficit stood at 6.1% of GDP, the statement added. Meanwhile, Egypt’s annual urban consumer inflation slowed to 13.2% year-on-year in June from…

Asharq Al-Awsat

Egypt's Annual Inflation Climbs to 12%, Exceeding Central Bank's Target

Egypt's annual inflation rate jumped to 12.1 percent in March 2022, compared to 4.8 percent in the same month in 2021, according to the latest data by the Central Agency for Public Mobilization and Statistics (CAPMAS). On a monthly basis, the country's Consumer Price Index (CPI) increased 2.4 percent from…

Asharq Al-Awsat

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Asharq Al-Awsat

Egyptian-Saudi Trade Grows 66%

The value of trade exchange between Egypt and Saudi Arabia increased by 66.1% in the first 11 months of 2021, amounting to $8.3 billion compared to five billion during the same period in 2020, data from the country's statistics agency CAPMAS showed Tuesday. During the same period in 2021, Egypt’s…

Asharq Al-Awsat

Egypt Inflation Climbs to 7.3% in Jan from 5.9% in Dec

Egypt's annual urban consumer price inflation quickened to 7.3% year-on-year in January, its highest since August 2019, from 5.9% in December, data from the country's statistics agency CAPMAS showed on Thursday. Prices climbed 0.9% month-on-month compared to a 0.08% drop in December, the agency said. The annual rate puts inflation…

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