Economy

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

Latest Economy News

Government hopes to acquire EGP 3bn in direct foreign investment

Settles dispute with United Arab Emirates real estate developer DAMAC and levies…

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Egypt reaps EGP 13.5bn in custom duties

A report reveals that from July 2012 to mid-May this year Egypt…

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Cairo government launches bid to ease road traffic via water transport

International auction to sell 15 marina boats will be held in coming…

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Finance Minister: New reform plan for petroleum sector

Aim to provide electricity subsidies and ensure the safe transport of gas…

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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…

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Back to blackouts

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

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Court postpones Omar Effendi case to 16 June

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

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Disapproval over increased taxes on bank loan loss provisions

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

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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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