Economy

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

Latest Economy News

Energy Ministry: 5500 megawatts to be allocated to private sector

The ministry is expected to charge ten eligible companies with the task…

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Insurance companies pay EGP 489.5m in claims in December 2012

A monthly report released by the Egyptian Financial Supervision Authority stated that…

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EFG Hermes, QInvest on verge of completing merger

The Qatari partner will hold a 60% stake in the new venture,…

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Government: Locusts pose no harm to crops

Following the news circulating that locusts swarming multiple areas of Egypt threatened…

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Egypt to take part in world’s largest drilling and mining conference

The Egyptian delegation, which will also meet with representatives from Toronto’s stock…

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Egypt invites the IMF to reopen negotiations

Minster of Investment Ossama Saleh said that Egypt hopes to conclude the…

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Egypt to export strawberries to the US

Egypt has been granted approval by the US Department of Agriculture to…

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Power stations in Banha, Ain Sokhna and Giza shut down

Operations at the stations were put on hold after they were surrounded…

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NBE achieves EGP 2.8bn net profits during FY 2011/12

The National Bank of Egypt's (NBE) public assembly published the bank's financial…

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Sokhna Port strike caused EGP 600m in losses for customs authority

Operations at the port were on hold completely for 16 days due…

Hend El-Behary Hend El-Behary