Trade exchange volume between Egypt, China hit 13.9 bln USD in 2023

STORY: Trade exchange volume between Egypt, China hit 13.9 bln USD in 2023 SHOOTING TIME: File DATELINE: May 29, 2024 LENGTH: 0:00:23 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of ships laden with goods STORYLINE: The volume of trade exchange between Egypt and China reached 13.9 billion U.S. dollars in 2023, the Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) said on Tuesday. According to the Egyptian website "Egypt Today," the volume of Egyptian exports to China recorded 909 million USD during 2023, while the volume of Egyptian imports from China reached 12.9 billion USD during 2023. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

Egypt's annual headline inflation eases in December

STORY: Egypt's annual headline inflation eases in December SHOOTING TIME: Archive DATELINE: Jan. 11, 2024 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of CAPMAS 2. various of the Nile River (in Cairo) 3. various of a supermarket 4. various of open-air market selling vegetables 5. various of shops selling meat and poultry STORYLINE: The Central Agency for Public Mobilization and Statistics (CAPMAS) said on Wednesday that Egypt's annual headline inflation decelerated to 35.2 percent in December, down from 36.4 percent in November. However, December's inflation rate remains significantly higher than the 21.9 percent recorded in December 2022. According to the state-owned newspaper al Ahram, the latest inflation reading surpasses the target set by the Central Bank of Egypt (CBE), which aims to keep inflation within 7 percent (±2 percent) by the end of 2024. CAPMAS attributed the decline in December's inflation to a 1.7 percent decrease in the prices of meat and poult

Egypt's inflation up to 38 pct in September

STORY: Egypt's inflation up to 38 pct in September DATELINE: Oct. 11, 2023 LENGTH: 00:01:17 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of markets in Egypt (file) 2. various of restaurants in Egypt (file) 3. various of markets in Egypt (file) STORYLINE: Egypt's annual urban consumer price inflation rose to 38 percent in September from 37.4 percent in August 2023, Egypt's official statistics authority said on Tuesday. Monthly prices of food and beverages climbed by 3.6 percent, vegetables by 19.2 percent, fruits by 5.4 percent, and sugar by 2.9 percent, Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) said. Egypt has been struggling to curb the inflation rates that have been rising over the past few years, amid local currency depreciation and foreign currency shortage. On Monday, Egypt's Prime Minister Mostafa Madbouly said the government will reduce the prices of seven basic food commodities by 15 percent to 25 percent, adding that "containing inflation and cont

Egypt's unemployment rate drops to 7 pct in Q2

STORY: Egypt's unemployment rate drops to 7 pct in Q2 DATELINE: Aug. 23, 2023 LENGTH: 00:00:58 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Agency for Public Mobilization and Statistics (CAPMAS) of Egypt 2. various of shops and restaurants 3. various of the Central Bank of Egypt STORYLINE: Egypt's unemployment rate fell slightly by 0.1 percent to 7 percent in the second quarter of this year, according to a report released by the country's statistics agency CAPMAS on Tuesday. More than two million Egyptians were without a job, including 1.2 million men and 941,000 women, the data revealed, adding that 61.8 percent of the unemployed Egyptians were between 15 and 29 years old. Meanwhile, the workforce in Egypt that covers the employed, unemployed who are capable to work, and those desiring to find jobs raised by 1.3 percent in the second quarter, compared to the same period a year earlier, said the report. Egypt's annual inflation rate rose to an all-time high of 38.2 percent in Ju

Egypt's inflation rate hits record for 2nd consecutive month

STORY: Egypt's inflation rate hits record for 2nd consecutive month DATELINE: Aug. 11, 2023 LENGTH: 00:01:20 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Agency for Public Mobilization and Statistics of Egypt 2. various of a market and restaurants 3. various of a cigarette kiosk 4. various of the Central Bank of Egypt STORYLINE: Egypt's annual inflation rate rose to an all-time high of 38.2 percent in July, up from 14.6 percent in the same month a year earlier and set a national record for the second month in a row, the country's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Thursday. The record year-on-year increase was mostly driven by price hikes of grains, hotels, alcohol and cigarettes, and healthcare. Food and drink prices registered a 68.2-percent increase compared to that of July 2022, the CAPMAS said in a statement. The previous record of annual inflation rate rise was registered last month at 36.8 percent. Egypt's price hikes persisted eve

Lower natural gas exports widen Egypt's trade deficit by 4.3 pct in May

STORY: Lower natural gas exports widen Egypt's trade deficit by 4.3 pct in May DATELINE: Aug. 9, 2023 LENGTH: 00:01:03 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of CAPMAS 2. various of ships loaded with containers 3. various of gas field 4. various of wheat shipments at a port STORYLINE: Egypt's trade deficit rose by 4.3 percent to 3.74 billion U.S. dollars in May, compared to 3.57 billion U.S. dollars in the same month last year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS) on Tuesday. CAPMAS ascribed the considerable decline in total exports to plunges in exports of natural gas (69.7 percent) and a surge in wheat imports (92.5 percent). Egypt's exports dropped 20.9 percent to 3.38 billion U.S. dollars in May, compared to 4.28 billion U.S. dollars a year earlier. Over the same time period, Egypt's total imports declined by 9.4 percent to 7.12 billion U.S. dollars. Egypt's trade deficit surged 23.8 percent in April over the same month in 2022, driven by

Egypt's annual inflation rate hits record high of 36.8 pct in June

STORY: Egypt's annual inflation rate hits record high of 36.8 pct in June DATELINE: July 11, 2023 LENGTH: 00:01:39 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of exterior of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of the Nile River 3. various of a supermarket 4. various of a market selling vegetables 5. various of shops selling meat and poultry STORYLINE: Egypt's annual inflation rate rose to an all-time high of 36.8 percent in June, up from 14.7 percent in the same month a year earlier, the country's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday. According to a statement by CAPMAS, food and drink prices registered a 64.9 percent increase compared to June 2022. Among the factors that pushed up the record year-on-year rise, the most notable are increases in restaurants, alcohol and cigarette, furniture and appliances, according to the statement. Urban inflation rate registered a month-on-month increase of 2 per

Egypt's exports to China up by nearly 21 pct in first 11 months of 2022: CAPMAS

STORY: Egypt's exports to China up by nearly 21 pct in first 11 months of 2022: CAPMAS DATELINE: March 12, 2023 LENGTH: 00:00:35 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt's Central Agency for Public Mobilisation and Statistics (CAPMAS) 2. various of ships carrying containers passing through a canal STORYLINE: Egypt's Central Agency for Public Mobilisation and Statistics (CAPMAS) said on Saturday the country's exports to China registered 1.7 billion USD in the first 11 months of 2022, compared to 1.4 billion USD in the same period of 2021, marking an increase of 20.8 percent. According to Egypt's state-run Al-Ahram newspaper, the trade exchange between Egypt and China rose by 2.6 percent during the first 11 months of 2022, hitting 14.9 billion USD, compared to 14.5 billion USD during the same period in 2021. Fuel, mineral oil and distillate products, cotton and fruits constitute the top 10 categories of goods shipped from Egypt to China in the first 11 months of 2022, totaling 1.3 bi

Egypt's annual inflation surges to 26.5 pct in Jan., highest in 5 years

STORY: Egypt's annual inflation surges to 26.5 pct in Jan., highest in 5 years DATELINE: Feb. 10, 2023 LENGTH: 00:01:39 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of the Nile River (in Cairo) 3. various of a supermarket 4. various of a market selling vegetables 5. various of shops selling meat and poultry STORYLINE: Egypt's annual inflation continued its rise in January, hitting 26.5 percent, the highest since the end of 2017, the country's official statistic agency announced on Thursday. The annual inflation rate was eight percent in the same month in 2022, the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement. Among the drivers behind the spike in the annual inflation, the prices of food and beverages increased by 48.1 percent, water, electricity, and fuel by 7.2 percent, furniture by 28.2 percent, health care service by 15.1 percent, transportation by 18.5 percent, entertai

Egypt's annual inflation up to 21.9 pct in Dec. 2022

STORY: Egypt's annual inflation up to 21.9 pct in Dec. 2022 DATELINE: Jan. 11, 2023 LENGTH: 00:01:39 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of the Nile River in Cairo 3. various of a supermarket 4. various of markets STORYLINE: Egypt's annual headline inflation rose to 21.9 percent in December 2022, up from 6.5 percent in December 2021, the country's official statistics agency reported on Tuesday. The Central Agency for Public Mobilisation and Statistics (CAPMAS) said in a statement that the monthly inflation rose by 2.1 percent, hitting 19.2 percent in November 2022. "The increase in prices of basic commodities was behind the rise in the monthly inflation rate," added the agency. It said the prices of food rose by 4 percent annually in the last month of 2022, with outstanding increases in sub-categories such as fruits, dairy products and grains. The Egyptian pound on Tuesday recorded 27.6 against the U.S.

Egypt's inflation hits five-year high at 18.7% in November

STORY: Egypt's inflation hits five-year high at 18.7% in November DATELINE: Dec. 9, 2022 LENGTH: 00:01:39 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of exterior shots of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of the Nile River in Cairo 3. various of a supermarket 4. various of open-air market selling vegetables 5. various of shops selling meat and poultry STORYLINE: Egypt's annual urban consumer inflation rate surged from 16.2 percent in October to 18.7 percent in November, a five-year high since December 2017, when it hit 21.9 percent, according to the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday. The price hikes followed a currency devaluation in October and continued restrictions on imports. Vegetable prices rose by 7.8 percent, dairy (cheese and eggs) by 5.5 percent, and cereals and bread by 4.8 percent. Prices of fish and seafood rose by 3.7 percent and meat and poultry by 6.8 percent, according to CAPMAS. The Egyptia

Egypt's tea imports increase significantly: CAPMAS

STORY: Egypt's tea imports increase significantly: CAPMAS DATELINE: Nov. 25, 2022 LENGTH: 00:00:55 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of tea in supermarkets 3. various of ships carrying containers in the Suez Canal waterway STORYLINE: Egyptian imports of tea increased significantly in the first eight months this year compared to the same period last year, showed data from the Central Agency for Public Mobilization and Statistics (CAPMAS). According to the data, total tea imports of Egypt reached about 217.37 million U.S. dollars in 2022, compared to 175.19 million dollars in the same period in 2021. The data also showed the value of tea imports in August alone amounted to about 16.37 million dollars, compared to 14.89 million dollars in the same month last year. Tea became one of the most important Egyptian imports of non-durable consumer goods last August, whose total value amounted to nearly 1.17 billi

Egypt's annual inflation jumps to 16.2 pct in October

STORY: Egypt's annual inflation jumps to 16.2 pct in October DATELINE: Nov. 11, 2022 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of the Nile River (in Cairo) 3. various of open-air market selling fruits and vegetables 4. various of people doing shopping at a supermarket STORYLINE: Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Thursday that Egypt's annual headline inflation increased from 15 percent in September to 16.2 percent in October, surpassing the 15.7 percent mark registered in November 2018. Egypt's headline inflation has been accelerating in the double-digit zone since the outbreak of the Russia-Ukraine conflict in February. The Central Bank of Egypt has hiked key interest rates three times since the start of the conflict by a total of five percent to rein in inflation. Egypt also announced on Thursday a 3-billion-dollar agreement with the Inter

Egypt sees 4.9 million tourists in 1st half of 2022

STORY: Egypt sees 4.9 million tourists in 1st half of 2022 DATELINE: Sept. 28, 2022 LENGTH: 00:01:42 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of Giza Pyramid 3. various of Step pyramid 4. various of Luxor Valley 5. various of Abu Simbel Temple STORYLINE: Some 4.9 million tourists visited Egypt in the first six months of 2022, with an increase of 85.4 percent compared to 2.6 million tourists in the same period of 2021, Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Tuesday. Marking World Tourism Day that's observed on Sept. 27, CAPMAS said that "8 million tourists visited Egypt in 2021, a 117.5-percent increase compared to 3.7 million tourists in 2020." Meanwhile, hotel occupancy during the first half of 2022 was 52.6 million nights, a 63.6 percent increase compared to 32.2 million nights in the first half of 2021, it said. "Rise in numbers of tourists visiting Egyp

Traffic injuries down by 9.3 pct in Egypt in 2021

STORY: Traffic injuries down by 9.3 pct in Egypt in 2021 DATELINE: July 27, 2022 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: SOCIETY SHOTLIST: 1. various of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of road accidents 3. various of the Ramses Railway Station in Cairo 4. various of railway accidents 5. various of traffic policemen directing the traffic STORYLINE: Egypt's official statistics agency, the Central Agency for Public Mobilization and Statistics (CAPMAS), said on Tuesday the country registered a 9.3 percent drop in traffic injuries in 2021 compared to 2020. The number of traffic injuries fell to 51,511 in 2021, down from 56,789 in 2020. However, railway-related deaths increase The Egyptian government has been implementing multi-billion-pound projects to replace hundreds of old train carriages. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

Egypt's monthly inflation declines slightly for first time in 7 months

STORY: Egypt's monthly inflation declines slightly for first time in 7 months DATELINE: July 8, 2022 LENGTH: 00:01:19 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: various of the Central Bank of Egypt (CBE)various of a cash counting machinevarious of a market STORYLINE: Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Thursday that Egypt's headline monthly inflation declined to 13.2 percent in June, from 13.5 percent in May, for the first time in seven months. CAPMAS ascribed the decline mainly to the decrease in prices of food and beverage by 2.2 percent. Other commodities and services, such as healthcare and transport, registered a price rise ranging between 0.3 percent and 2 percent, according to the agency. Egypt's inflation started to speed up entering the double-digit zone in March due to disruption in global supply chains, COVID-19, the Russian-Ukrainian conflict, and the devaluation of the Egyptian pound. The annual headline inflation accelerated to 14.7 percent

Egypt's annual inflation jumps to 15.3 pct amid price hikes

STORY: Egypt's annual inflation jumps to 15.3 pct amid price hikes DATELINE: June 10, 2022 LENGTH: 00:01:06 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt's Stock Exchange STORYLINE: Egypt's annual inflation rate rose to 15.3 percent in May compared with 4.9 percent in the same month last year, Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement on Thursday. On a monthly basis, the inflation rate in May increased by 0.9 percent compared with that of April, the CAPMAS added. It attributed the year-on-year increase in inflation to price hikes in basic commodities and services like food by 27.9 percent, clothes by 7.9 percent, and fuel by 8.5 percent, appliances by 6 percent, and transportation by 6.3 percent. The Central Bank of Egypt raised its interest rates by 200 basis points on May 19, citing rising inflation. The new rise in inflation could have an impact on the bank's monetary policy committee's upcoming meeting later this month for a further

Egypt's annual headline inflation continues to rise

STORY: Egypt's annual headline inflation continues to rise DATELINE: May 11, 2022 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. exterior of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of the Nile River (in Cairo) 3. various of open-air market selling fruits and vegetables 4. various of people doing shopping at a supermarket STORYLINE: Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Tuesday that the country's annual headline inflation rate increased to 14.9 percent in April, up from 12.1 percent in March and 4.4 percent in April 2021, with inflation in urban areas jumping to 13.1 percent. The annual headline inflation measures the total inflation within the economy including volatile commodities such as food and energy. Monthly headline inflation also climbed by 3.7 percent in April, mainly due to the rising prices of food commodities and services, according to the CAPMAS. Inflation has been on the rise in Eg

Egypt's annual headline inflation continues to rise

STORY: Egypt's annual headline inflation continues to rise DATELINE: April 11, 2022 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. exterior shots of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various shots of the Nile River 3. various shots of the open-air market selling fruits and vegetables 4. various shots of people shopping at a supermarket STORYLINE: Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Sunday that the country's annual headline inflation rate registered 12.1 percent in March, compared to 4.8 percent in the same period last year. Egypt's inflation accelerated amid the global inflationary wave that was first triggered by the Omicron wave of the pandemic and now the Russian-Ukrainian conflict. According to Egypt's Al-Ahram newspaper, the increase in the annual headline inflation rate was mainly driven by the significant hike in food and beverage prices. In early March, to counter the pressure of the inflationary