Economy

Get the latest economic news and analysis on the Egyptian and global economy from the Daily News Egypt,

Latest Economy News

IMF: Inflation in Egypt expected to rise by 10.9% this year

The International Monetary Fund also projects the country’s budget deficit to shrink…

Nada Badawi Nada Badawi

Back to blackouts

Blackouts return to Cairo with overloaded summer electric consumption; Ministries collaborate on…

Hend El-Behary Hend El-Behary

Court postpones Omar Effendi case to 16 June

Iconic department store’s sale to Saudi businessman had been invalidated because of…

Nada Badawi Nada Badawi

Disapproval over increased taxes on bank loan loss provisions

Banking figures dissatisfied with Shura Council’s decision to raise taxes on loan…

Nada Badawi Nada Badawi

Govt pays EGP 2.6bn in medical bills

Cost of government-funded medical treatment for Egyptians living at home and abroad…

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Finance Ministry to reassess taxes on hotels and resorts

Egypt’s Finance Ministry rules that real estate taxes for hotels will now…

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Pharmacist union predicts shortages of imported medicine to reach 90%

Shortages in coming year expected because of increases in the price of…

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Turkey pumps $250m more in its credit line to Egypt

Experts: Good step, but no impact on cash reserves

Hend El-Behary Hend El-Behary

Information Technology growth goal

Minister of Communications Atif Halmi says government seeks 10% growth in IT…

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Egypt’s top companies: the Power 34

Forbes Middle East published its Power 500 list, giving an account of…

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