DIRS.INFO The most relevant business & tech news

☆ At least two killed as trains collide in Egypt
▼ + stars: | 2024-09-14 | by ( Mohammed Tawfeeq | ) edition.cnn.com time to read: +1 min

CNN —At least two people have been killed and 29 injured in a train collision in Egypt, the country’s health ministry said Saturday. Images from the scene showed crowds of people gathered around the twisted wreckage of the trains as the rescue operations took place. Egypt recorded 2,044 train accidents in 2018 and 1,793 the year before, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). In 2021, at least 32 people were killed and 165 injured when two trains collided. A collision between two trains in Alexandria, Egypt’s second largest city, in August 2017 left more than 40 dead and many more injured.

Organizations: CNN, Zagazig University, Central Agency for Public Mobilization, Statistics Locations: Egypt, Zagazig, Al Sharkia governorate, Al, Cairo, Alexandria, Egypt’s, Egypt’s Asyut governorate, Luxor

☆ Egypt's core inflation rises to 40.3% in May
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

CAIRO, June 11 (Reuters) - Egypt's annual core inflation rose to 40.3% in May from 38.6% in April, data from the central bank showed on Sunday. Month on month, it increased to 2.9% in May from 1.7% in April, the data showed. In its December accord with the IMF, Egypt also promised to sell state assets worth billions of dollars over the next four years. It has made no major sales since the signing, though the central bank has raised its overnight interest rates by 500 basis points. Month on month, urban inflation increased to 2.7% from 1.7% in April.

Persons: CAPMAS, Nayera Abdallah, Muhammad Al Gebaly, David Holmes, Ros Russell Organizations: IMF, Egypt, Thomson Locations: CAIRO, Egypt, Ukraine

☆ Egypt's headline inflation rate increased to 32.7% in March
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +1 min

CAIRO, April 10 (Reuters) - Egypt's annual urban consumer inflation rate in March climbed to 32.7% year-on-year, just shy of an all-time record, from 31.9% in February, data from the country's statistics agency CAPMAS showed on Monday. The surging inflation rate follows a series of currency devaluations starting in March 2022, a prolonged shortage of foreign currency and continuing delays in getting imports into the country. The median forecast of 13 analysts polled showed annual urban consumer inflation rising to 33.6% in March. Egypt's highest inflation rate ever was 32.952%, reached in July 2017, eight months after Egypt devalued its currency by half as part of a previous $12 billion IMF support package. The core inflation rate, which excludes fuel and some volatile food items, is expected to be released later on Monday.

☆ Egypt inflation seen hitting all-time high in March
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

Summary Egypt inflation poll data:CAIRO, April 6 (Reuters) - Egypt's headline inflation rate is set to hit an all-time high in March, a Reuters poll showed on Thursday, following a continued shortage of foreign currency after more than a year of devaluations of the Egyptian pound. The median forecast of 13 analysts polled showed annual urban consumer inflation rising to 33.6% in March from 31.9% in February, which itself was a five-and-a-half-year record. "We think that earlier falls in the pound will continue to feed through into Egypt's inflation, pushing up both food and non-food inflation," said Capital Economics, which forecast March inflation of 37.1%. The state statistics agency CAPMAS is scheduled to release February inflation data on Monday morning. Writing by Patrick Werr; Polling by Anant Chandak in Bangalore; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "CAPMAS"

4 mentions found