Economy

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

Latest Economy News

2 arrested for attempting to bribe Tax Authority official: Finance Minister

Both referred to prosecution, which ordered their detention pending investigation

Daily News Egypt

COVID-19 increases disparities, social fragmentation: World Economic Forum

In next 3-5 years, disparities will threaten economy, and weaken geopolitical stability…

Daily News Egypt

Inflation in Egypt decreases to 5.7%, lowest in 14 years: Prime Minister

Government investments amounted to EGP 324bn over past two years, Madbouly told…

Daily News Egypt

Egypt top recipient of EBRD’s investments in SEMED region during 2020

Country accounted for more than €1bn of bank’s total €2.13bn development financing…

Nehal Samir

Egypt records 5% average headline urban inflation in 2020: CBE

Real GDP growth records -1.7% in Q2 of 2020, before recovering to…

Hossam Mounir

Egypt provides EGP 21bn to support exporters during 2020: Finance Minister

1,069 companies benefit from lump-sum payment initiative to settle export subsidy dues…

Shaimaa Al-Aees

Egypt’s annual urban headline inflation declines to 5.4% in December 2020: CBE

Subsequent inflation target has been set at average of 7% (±2%) during…

Hossam Mounir

World can gain $9trn during 2021-2025, if worldwide vaccination accelerated: IMF chief

Ensuring sustainable, inclusive recovery post-COVID-19, reversing divergence between rich and poor countries…

Nehal Samir

Another batch worth EGP 1bn of irregular labourers’ aid underway: Finance Minister

Egypt’s Minister of Finance Mohamed Maait has said that the government will…

Daily News Egypt

14.7% increase in health expenditures during H1 of FY 2020/21: Maait

Mohamed Maait, Minister of Finance, said that the first half (H1) of…

Daily News Egypt