Economy

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

Latest Economy News

Turkey will invest $1bn in Egypt through Turkish companies in 2013, mainly targeting the steel, energy, cement, chemicals, tourism and infrastructure industries (AFP Photo)

Exports

$1bn Turkish investments in Egypt in 2013

The investments will target steel, energy, chemicals and tourism sectors

Mohamed Salah February 25, 2013

civil disobedience

Maritime shipping lines divert cargoes from Port Said to Eilat

Maritime companies shift cargo storage away from port said, losses rise to…

Daily News Egypt February 25, 2013

civil disobedience

Economic experts: ‘Collapse’ of economy imminent if presidency continues to ignore demands

The continuing civil unrest threatens the economy if the government does not…

Daily News Egypt February 25, 2013

The Qatari Bank submitted a mandatory tender offer (MTO) for 100% of the NSGB shares, according to a statement by EFSA (AFP Photo)

acquisition

Qatar National Bank buys 100% of NSGB

EFSA has approved QNB’s offer of EGP 38.65 per share for 100%…

Mohamed Salah February 25, 2013

Ministry of Finance is set to review the final draft of Egypt’s economic reform programme set to precede the acceptance of the country’s pending $4.8bn International Monetary Fund (IMF) loan. (Daily News Egypt)

cabinet

Government to discuss final draft of economic programme next week

The country’s cabinet will then send a letter to the IMF with…

Daily News Egypt February 25, 2013

$Egyptian investors are set to present the Suez Canal Regional Development Plan to Russian investors during both the Arabia Expo and during a number of meetings sponsored by the Egyptian-Russian Business Council (AFP\Photo)$

Suez Canal Axis

‘Suez Canal Axis’ development plan presented to Russian investors at Arabia Expo

Egyptian businessmen will hold a number of meetings sponsored by the Egyptian-Russian…

Daily News Egypt February 25, 2013

$Hassan Malek said that “mechanisms are currently in place to effect reconciliation with former regime businessmen who have currently absconded abroad” Photo: Hassan Malek (Photo\Courtesy of Facebook Fan Page)$

EBDA

Egyptian government attempts to woo former regime businessmen

Malek: Yassin Mansour and Hafez El Shishti ‘will, God-willing, return to Egypt’

Daily News Egypt February 24, 2013

$The general index, which consolidates the three previous indicators, reached 87.4 points in January, up 4.9% from December, indicating public optimism in the economy (File Photo)(AFP\Photo)$

confidence

Government Report: Consumer confidence up 4.9%

The highly educated are the most optimistic, the IDSC report said

Mohamed Salah February 24, 2013

$a major wheat shipment of 400,000 tonnes from the US, France and Romania last January, enough to cover wheat inventories until June 2013 (AFP\Photo)$