Egyptians' confidence in Sisi reflected in their rising consumer confidence levels
Average annual salaries in Egypt in the fiscal year 2012/13 reached LE26,161 ($3,756)
Click here to add Egyptian government as an alert
Disable alert for Egyptian government,
Click here to add Information and Decision Support Centre as an alert
Disable alert for Information and Decision S ...,
Click here to add Islamist as an alert
Disable alert for Islamist,
Click here to add Mohamed Morsi as an alert
Disable alert for Mohamed Morsi
Egypt's consumer confidence index rose in January 2014 on the previous month, according to data released Sunday from the cabinet's think tank, the Information and Decision Support Centre (IDSC).
The index increased 11.9 percent to 112.8 points last month, compared to 100.8 points in December, an upsurge that the IDSC attributed to households believing that income levels and living conditions have improved.
Egypt’s family income index rose in January as well, up 23.2 percent against the previous month to reach 62.7 points.
Average annual salaries in Egypt in the fiscal year 2012/13 reached LE26,161 ($3,756), up from LE25,353 ($3,640) in the previous fiscal year, according to data from official statistics body CAPMAS.
Meanwhile, according to CAPMAS' latest statistics, Egypt’s poverty rate has increased in recent years, reaching around 26 percent of the total population of 85 million.
The economic policy confidence index also grew 9.7 percent month-on-month in January to reach 94 points.
Egypt’s foreign reserves inched up in January for first time in five months, reaching $17.1 billion.
Arab Gulf states such as Saudi Arabia and the UAE have been pumping funds into the Egyptian government since the ouster of Islamist president Mohamed Morsi in July 2013, with some $12 billion in aid given to revive the country's troubled economy.
- Oman’s Duqm tourist complex moves forward with government approval
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue