Economy

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

Latest Economy News

Morsi raises customs tariffs on luxury goods

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

Daily News Egypt

Central Bank sells $38.4m in forex auction

Cut-off price stabilises at EGP 6.79

Mohamed Salah

EGX 30 drops to lowest level in three months

NSGB tax deal pulls indices down

Mohamed Salah

10% tax on NSGB sale profits

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

Daily News Egypt

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

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

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…

Daily News Egypt

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

Purchase offer period ends as QNB acquires 100% of NSGB

Qatar National Bank bought each share at EGP 35.65, with the total…

Daily News Egypt

Hegazy: IMF delegation set to visit Egypt this week

Delegation seeking to draft quasi-final version of $4.8bn loan agreement between International…

Daily News Egypt