Economy

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

Latest Economy News

SODIC books EGP 1.8bn in sales during 2012

CEO announces profits at Cityscape real estate exhibition, states that SODIC will…

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North Coast Sawani project: 35% of land now available for sale

Sayyid al-Ghandur, development director of the company Assets for Development, predicts investment…

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Hilton to open second Alexandria hotel

Brings number of Hilton hotels in Egypt to 19

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Morsi raises customs tariffs on luxury goods

40% rate applied on goods including sunglasses, watches, nuts, boats and videogames

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Central Bank sells $38.4m in forex auction

Cut-off price stabilises at EGP 6.79

Mohamed Salah Mohamed Salah

EGX 30 drops to lowest level in three months

NSGB tax deal pulls indices down

Mohamed Salah Mohamed Salah

10% tax on NSGB sale profits

‘Based on difference in buy and sell prices’, not all investors involved…

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Ministry of Sport: Five new PPP ‘sport city’ projects announced

"We want to forge partnerships with the private sector," says Minister of…

Mohamed Salah Mohamed Salah

CBE raises rates by 50 points basis to support the economy

Central Bank of Egypt (CBE) raised both of its main rates by…

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PPP Law Panel: ‘The state needs the investor and not the other way round’

Current PPP law was introduced to bypass problems associated with Build Operate…

Mohamed Salah Mohamed Salah