Swedish home furnishing brand IKEA, in collaboration with Al-Futtaim Group company Marakez, opened its second store in Egypt at Mall of Arabia, according to the company’s recent statement.

Jumia Technologies AG is expanding its footprint in Egypt via food online delivery, where there is a gap in the market following the exit of Uber Eats, Bloomberg reported.

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the country’s annual urban inflation decreased to 4.3% in January 2021, compared to 5.4% in December 2020.

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) has decided to keep the overnight deposit rate, the overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively.