Egypt

    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.

    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.

    More Articles …

    1. Egypt remains the top destination for FDI in Africa in 2020
    2. Central Bank of Egypt extends exemption on banking services fees
    3. Egypt's central bank leaves rates on hold and lowers inflation target
    4. Egypt to receive €132.8 mln from Germany to implement 11 projects
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