Egypt's annual headline inflation hit 23.4% in December, compared to 25% in November, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed in a press release on January 9th.

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to keep key interest rates unchanged for the sixth consecutive time during its final meeting for 2024 held on Thursday.

Egypt’s annual headline inflation shrank to 25.6% in August, compared to 39.7% in the same month of 2023, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on September 10th.

The Sovereign Fund of Egypt (TSFE), via its health-focused sub-fund, has acquired around 20% of Care Pharmacies for EGP 75 million, in cooperation with EZ International, two sources in the know told Asharq Business.