Annual urban inflation speeds up to 14.9% in July

Good afternoon, ladies and gents, and welcome back.

But first, the news…

📍 Egypt’s annual urban inflation sped up to 14.9% in July, its first acceleration since March Reuters poll 14.9% in April 14.6% in May 14.3% in June

The jump is almost entirely a base effect, not fresh price pressure.

^^ We’ll have more on this story in tomorrow’s edition of.

Destination Sahel Issue III drops this week, and we’re diving into how the North Coast is adapting to a changing market.

Developers are recalibrating as buyer behavior shifts, luxury retail is carving out a bigger piece of Sahel’s economy, and the wellness and sports scene has become a summer destination on its own.

In this issue, we get into what’s actually changing on the ground, from how developers are adjusting their pitch to where to shop and how to stay active this season.

Coming straight to your inbox on Wednesday, 12 August.

THE BIG STORY ABROAD

🌐 It’s a relatively calm afternoon on the global newsfronts, with no single story getting top billing and no notable updates on the US-Iran conflict.

The move follows a record 23 transits through the Northern Sea Route last summer, up from 15 in 2024.

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IN THE BUSINESS PRESS

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