Algeria
Algeria begins to cancel air services agreement with UAE
Algeria has begun the process of cancelling its air services agreement with the United Arab Emirates, signed in Abu Dhabi in May 2013, state media said on Saturday.
Egypt inflation decreases to 28.1% in May
1 min Mena Today
Egypt's annual urban consumer price inflation decreased to 28.1% in May from 32.5% in April, slowing even faster than analysts had expected, data from the statistics agency CAPMAS showed on Monday.
Inflation has been elevated for the past year, driven largely by rapid growth in the money supply © Mena Today
Egypt's annual urban consumer price inflation decreased to 28.1% in May from 32.5% in April, slowing even faster than analysts had expected, data from the statistics agency CAPMAS showed on Monday.
A poll of 19 analysts had forecast inflation to decrease to a median 30.4%, continuing a slowing trend that started in September, when inflation peaked at 38.0%. Food prices in May were 31.0% higher than in May 2023.
May was the third straight month of declines since a surprise surge in prices in February. Month on month, prices fell by 0.7% in May, while food prices dropped by 3.0%.
Inflation has been elevated for the past year, driven largely by rapid growth in the money supply.
Reporting by Nadine Awadalla in Dubai
Related
Libya
US arrests suspect in 2012 Benghazi consulate attack, Bondi says
The U.S. has arrested a person suspected of playing a central role in the 2012 attack on its consulate in Benghazi, Libya, Attorney General Pam Bondi said on Friday.
Tunisia
Tunisian police arrest member of parliament who mocked president
Tunisian police arrested lawmaker Ahmed Saidani on Wednesday, two of his colleagues said, in what appeared to be part of an escalating crackdown on critics of President Kais Saied.
Subscribe to our newsletter
