UAE’s Lifeline to Lebanon: 18th Aid Plane Delivers Vital Medical Supplies Amidst Crisis

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  The United Arab Emirates has dispatched its 18th aid aircraft carrying 40 tonnes of essential medical supplies to Lebanon as part of the “UAE Stands with Lebanon” campaign. This ongoing initiative, launched in early October, aims to provide critical food, medical, and shelter supplies to the Lebanese population, who continue to face severe hardships due to ongoing conflict. In close collaboration with international organizations such as the World Health Organization (WHO), the United Nations High Commissioner for Refugees (UNHCR), and the International Federation of Red Cross and Red Crescent Societies (IFRC), UAE humanitarian organizations are playing a pivotal role in delivering life-saving aid to Lebanon’s vulnerable communities. The campaign is a direct response to the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, with further guidance from His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Vice President and Deputy Prime Minister, and under the l
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Egypt's Inflation Peaks at 36.5% Amidst Rising Food Prices

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Egypt's economic landscape is witnessing a significant upheaval as the nation's annual headline inflation reached an all-time high of 36.5 percent in July. The latest data, released by the country's official statistics agency, Capmas, reveals a troubling trend fueled by increased prices in food and tobacco sectors.

This surge in inflation surpasses not only the previous month's figure of 35.7 percent but also expert predictions. Prominent financial entities like Naeem Brokerage and Goldman Sachs had estimated a more conservative increase of 36.1 percent, highlighting the challenges of economic forecasting in the ever-evolving landscape.

The month-on-month perspective paints a nuanced picture, with the inflation rate climbing to 1.9 percent in July, showing a slight retreat from June's 2.1 percent. While this decrease may offer some respite, it underlines the consistent pressure exerted on prices and living costs.

Food and beverages, a significant component of the inflation equation, played a pivotal role in this surge. Every subcategory within this segment witnessed price hikes, with fruits taking the lead at an astonishing 12.5 percent increase compared to June. Conversely, the meat and poultry subcategory recorded a relatively modest uptick of 0.8 percent during the same period.

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