inflation | Egypt Oil & Gas

Inflation Falls to 11.4% in May

Egypt’s annual headline consumer price inflation (CPI) fell 1.7% in May 2018.

IMF: Egypt on Positive Trajectory but Inflation Threatens Stability

Egypt has made a “strong start” on its reform program, but high inflation threatens macroeconomic stability.

El Molla: Fuel Subsidies Cut is a Must

Tarek El Molla stated that there is no alternative to increasing fuel prices.

Egypt Reached Highest Level of Inflation in May

Egypt has reached the highest level of inflation in seven years in May, another challenge for policy makers trying to tackle a shortage of foreign currency that is slowing growth.

Algeria to Issue Local Debt to Offset Global Oil Price Drop

Algeria plans to issue local-currency debt as a source of financing to offset the collapse in world oil prices, which halved government's energy revenues last year.

Bahrain Approves New Pricing System for Fuels amid Subsidy Cuts

Bahrain’s cabinet has approved a new pricing system for diesel and kerosene introducing a gradual rise of prices for domestic customers, set to take effect in January.

Oil Prices Ease Inflation in Egypt

Egypt’s annual inflation decreased to hit 7.9% in August, down from 8.3% in July, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). The National explains that the current level of infl ...

Oil Price Stabilisation to Help Lower Russia’s Inflation

Further stabilization of oil prices is likely to help lower inflation in Russia, allowing the central bank to reduce rates at a faster pace, the World Bank said Monday as it raised the economic outlook for the country.

Iran Taking Risky Fuel Subsidy Reforms

Iran is likely to abolish subsidised fuel allowances for motorists, an Oil Ministry adviser said on Saturday, in a move that will cut state spending but could also drive inflation and cause protests.

Oman Still Going for Growth Despite Oil Prices, Says Kuwaiti Bank

Despite a sizeable fiscal deficit this year and the next due to decline in oil prices, Oman is likely to avoid deep cuts in spending as the real GDP grows by 4% in 2015 before moderating to 3.7 per cent in 2016, a re ...

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