Egypt Household Energy Inflation Stabilizes in June

Fitch Forecasts Egypt's Economy to Grow 4.6% Annually Through 2035

Fitch Ratings expects Egypt's economy to maintain solid medium-term momentum, forecasting average annual growth of 4.6 between 2026 and 2035, supported by stronger household consumption, rising investment, and continued reforms aimed at improving the country's business environment.

Iran's year-on-year inflation hits 88.6%

Iran's year-on-year inflation rate in the third month of the current Iranian calendar year, between May 22 and June 21, rose to 88.6 percent, the official news agency IRNA reported on Saturday, said Xinhua. Citing figures released by the Statistical Center of Iran, the report said the country's consumer price index in the same Iranian month, called Khordad, reached 656.4 units, indicating a 5.9 percent increase from the preceding month and an 88.6 percent rise year-on-year. It added that the index recorded a growth of 62 percent during the 12-month period ending June 21, compared with the same period a year earlier. The rise in Iran's inflation rate has gained momentum since the reimposition of U.S. sanctions following Washington's withdrawal from the 2015 nuclear deal between Tehran and world powers. Inflation has accelerated more rapidly in recent months amid the country's conflict with Israel and the United States since earlier this year.

Parliament approves Egypt’s 2026/2027 development plan

Egypt’s House of Representatives has given final approval to the country’s economic and social development plan for fiscal year 2026/2027, alongside the state budget and medium-term framework through 2029/2030. Planning and Economic Development Minister Ahmed Rostom said the plan prioritizes improving public services and aims to raise Egypt’s GDP to 24.5 trillion pounds. He stressed [] The post Parliament approves Egypt’s 2026/2027 development plan appeared first on Egyptian Gazette.

Harga roti naik 138 peratus di Iran

TEHERAN: Kadar inflasi di Iran meningkat mendadak pada Jun, didorong oleh perang di Asia Barat dengan mencecah 88.6 peratus tahun ke tahun, menurut angka rasmi yang dikeluarkan pada Sabtu. Menurut Pusat Statistik Iran, sepanjang bulan Khordad dalam kalendar Parsi (22 Mei hingga 21 Jun), harga makanan meningkat lebih dua kali ganda berbanding tempoh sama tahun ... Read more The post Harga roti naik 138 peratus di Iran appeared first on Utusan Malaysia.