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Egyptians caught in devastating economic storm
Egypt's economy is grappling with a myriad of challenges, including rising inflation, currency depreciation and high debt. TRENDS delves into the depths of the crisis.
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Egyptians caught in devastating economic storm
Egypt's economy is grappling with a myriad of challenges, including rising inflation, currency depreciation and high debt. TRENDS delves into the depths of the crisis. -
Soaring prices challenge Morocco’s export-led agriculture model
Rabat has pledged that prices will soon fall, and announced several initiatives to tackle market speculation, but government spokesman Mustapha Baitas said the measures "have not had the expected results." In an attempt to stem the price rises, Rabat suspended exports of some products in early February, including tomatoes, to... -
Egypt’s village traditions in peril as costs rise
Multi-day weddings, feeding the bereaved and homemade bread are all becoming things of the past in rural Egypt. -
Russia under pressure as G20 tackles Ukraine war, soaring food prices
Eyeing a joint G20 declaration that would condemn Russia's eight-month-old invasion and threats to use nuclear weapons, US and European officials painted the summit in Bali as evidence of Russia's deepening isolation. "I think you're going to see most members of the G20 make clear that they condemn Russia's war... -
Saudi economy is the fastest growing among G-20 in 2022: report
The announcement comes after the IMF affirmed that the Kingdom's economic prospects are positive in the short and medium term. -
Major fall in global food prices in July, says FAO
Food prices dropped significantly in July, marking the fourth consecutive monthly decline since record highs earlier this year in the wake of the situation in Ukraine, the Food and Agricultural Organization said. FAO published its latest Food Price Index, which tracks monthly changes in global prices of cereals, vegetable oils,... -
Saudi Arabia mulls welfare funds to ease inflation
The Kingdom has allocated $5.3bn to deal with the fallout of rising global prices, with half of the fund going to social insurance beneficiaries and the Citizens' Account program. -
Russia and Ukraine seek to break grain impasse in Turkey
The four-way meeting in Istanbul comes with Russia's invasion of Ukraine showing no sign of abating. -
Inflation, subsidy reform hit stomachs in isolated Iran
Inflation is making an unwelcome comeback globally -- stoked by high energy and food prices, driven largely by Russia's invasion of Ukraine, a major wheat producer, and by related sanctions on Moscow. But Iran has been wrestling with rampant price growth for years, exceeding 30 percent annually every year since... -
Regional brands may fill gaps in activewear market
Succeeding for a female entrepreneur in an industry dominated by men is a tough task but can be achieved, says Lebanese businesswoman and NatUsual Founder Nathaly Daou -
Egypt inflation hits 10 percent as Ukraine impact pushes food prices up
Egypt's inflation rate hit 10 percent in February, official figures showed Thursday, as the country heavily reliant on wheat imports from Russia and Ukraine braces for the full impact of their war. "The annual headline inflation rate recorded 10 percent for February 2022, compared to 4.9 for the same month... -
Jordan approves measures to stabilize commodities prices
Procedures, approved in a session chaired by Prime Minister, Bisher Khasawneh, included reducing inspection fees on imported foodstuffs by 30 percent for three months. -
Kuwaitis complain about rising prices, high inflation
Growing costs and a drop in purchasing power are seen as deterioration of the standard of living Kuwaitis have been accustomed to for years.