Financial and Banking News
Egyptian Inflation Creeps Upwards
Urban inflation in Egypt rose to 12.9% in the first half of 1993, compared to11.5% in the second half of 1992, according to figures published by Egypt'sCentral Agency for Public Mobilization and Statistics. Egypt's inflation wastrending downwards during 1992, reaching an annualized rate of around 10% by theend of the year. Flight capital has continued to flow back into Egypt in...