Economy

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

Latest Economy News

Hesham Abdel Shakour, Managing Director of Egyptian Life Takaful Company, Gulf Insurance Group (GIG Insurance)

GIG sees potential for takaful industry in Egypt

Daily News Egypt talks, in an exclusive interview, with Hesham Abdel Shakour,…

Daily News Egypt March 3, 2013

Banque Misr reported EGP 2.426bn in profits before taxes, representing a 45.2% increase compared to the previous year, and net profits of EGP 709m, compared to EGP 515m for the fiscal year ending in June 2011 (AFP Photo)

Banque Misr pays EGP 1.7bn in taxes

The bank also reap EGP 709m in net profits

Daily News Egypt March 3, 2013

Government attempts to lighten burden on Egypt’s tourism sector

Egypt’s government postponed the imposition of any new taxes, burdens or increases…

Daily News Egypt March 3, 2013

AMIC revenues for 2012 drop 21%

The Arab Moltaqa Investments Company (AMIC) announced today its full year 2012…

Daily News Egypt March 3, 2013

The SCC decided on Monday to return the election draft law to the Shura Council, which drafted the law, after rejecting five articles as “unconstitutional”. (File Photo) AFP PHOTO / KHALED DESOUKI

‘We did our homework’: Minister of Finance

The economic take-off program will be applied 'whether the IMF comes or…

Mohamed Salah March 3, 2013

Kerry urges Egypt to finalise IMF loan agreement

US Secretary of State John Kerry met a number of opposition figures…

Daily News Egypt March 3, 2013

The agreement stipulated that the company pay EGP 30m into the governorate’s services fund, and that at least 30% of the project’s workers and employees be residents of Hurghada, during both the construction process and after its completion. (AFP Photo)

Government mediates settlement over tourist complex in Hurghada

The dispute involved the Red Sea governorate and the Egyptian-Saudi Arabian Company…

Daily News Egypt March 3, 2013

On the Nile stock exchange, the Mediterranean Company and Pioneers Holding ranked joint highest in total amounts of stock traded. (AFP Photo)

Value of all trades on stock exchange for Egypt’s ten largest brokerage firms totals EGP 7.1bn for February

Pioneers Holding, Beltone Financial and the Financial Brokerage Group published their stock…

Daily News Egypt March 2, 2013

$Orascom Construction Industries (OCI) will comply with the Egyptian Financial Supervisory Authority’s (EFSA) request for additional documentation, disclosures and clarification pertaining to the announced mandatory tender offer (MTO) by OCI NV on its ordinary shares (Photo\Public Domain)$

Government tries to persuade OCI not to delist from EGX

In the extraordinary general meeting (EGM) held mid-February, OCI shareholders approved the…

Mohamed Salah March 2, 2013

According to an International Labour Organisation (ILO) report, globally, women's share in employment, was roughly 50%, with men’s standing at 48%. But in North Africa the gap was larger, with women accounting for 24% of employment, and in the Middle East generally, it was 15%. (Photo courtesy of international women's day official Website)

international women's day

International Women’s Day 2013 to focus on women in the workplace

The event will celebrate and emphasise the importance of hiring women to…

Daily News Egypt March 2, 2013