Egypt In-Focus — Bidding starts for water desalination project; Environmental study of $1bn industrial complex begins

CAIRO: Egypt’s annual urban consumer inflation has surged to 13.6 percent year-on-year in July, according to the Central Agency for Public Mobilization and Statistics.

On a monthly basis, headline inflation went up by 1.3 percent, after a slight decline of 0.1 in June, reported Reuters.

These changes may have an impact on changes to the country’s current interest rate of 11.25 percent, which will be decided on Aug. 18.  

Egypt starts bids on water desalination project