Latest Economy News
Government seniors to sell gifts received from Arab and foreign leaders
Government’s Officials to auction off their valuable gifts, amid a soaring budget…
Egypt, IMF in final stages of verifying economic programme
Loan delayed by inconsistent implementation of subsidy cuts and tax hikes
Bank tax law amended following criticism
The law, which taxes funds set aside by banks to cover potential…
World Bank sees less global growth, more stability
The MENA economies, projected to grow 2.5 percent, are still feeling the…
Foreign direct investment dries up
Investors report that it can take several weeks for legitimate transfers to…
Government calls for energy efficient air conditioners
The ministry gave providers a one-year grace period to supply household energy…
Bourse plunges to one-year low after MSCI announcement
Egypt may be bumped from “emerging market” to “frontier market” on lack…
‘Egypt possesses no economic vision’
Chairman of the Canadian Chamber of Commerce criticises Egypt’s lack of economic…
Market sees rebound after months of losses
Experts are unsure of market’s future as increasing instability looms
