Economy

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

Latest Economy News

Sukuk is expected to finance needed investments, says official

FDI

FDI at ‘near-zero’, says minister

Sukuk is expected to finance needed investments, says official

Mohamed Salah February 23, 2013

Economy

Regus ‘optimistic’ on Egyptian exports

The most profitable areas for export are emerging markets and Europe

Daily News Egypt February 23, 2013

$Egypt has suffered from diesel shortages over the last two years, and the government has recently announced fuel prices hike for some industrial factories. (AFP\Photo)$

Consultancy

Thirty-three thousand tonnes of diesel arrive in Alexandria

Ministry of Petroleum takes measures to combat smuggling

Daily News Egypt February 23, 2013

$The fuel price hikes have recently led to traffic jams at nearby gas stations and scuffles with fuel consumers. (AFP\Photo)$

black market

Fuel shortages continue to inflame tensions in provinces

Egypt’s fuel shortages are forcing many businesses to shut down, sparking tensions…

Daily News Egypt February 23, 2013

Al-Masry Al-Youm

Egypt spends £1.7m on teargas

Egypt's opposition heavily criticised the move, pointing out that the country's foreign…

Daily News Egypt February 23, 2013

$Ali Abd al-Rahman, Giza’s governor, said that the region would cover 8,300 acres, and would be located along the 63rd kilometre of the Bahariya Oasis Road. (Photo\DNE)$

Ali Abd al-Rahman

New investment zone to be established in Giza

Priority will be given to projects seeking employ the largest number of…

Daily News Egypt February 23, 2013

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

EFSA

OCI NV to comply with EFSA request

OCI will host another extraordinary general meeting to discuss additional disclosures related…

Mohamed Salah February 23, 2013

Beach tourism represents 80% of all of the sector’s revenues. Three months’ worth of revenues from this sector are actually enough to match the amount of money being considered as part of the country’s pending IMF loan package (file photo: AFP)

Abu Simbel

Tourism experts damn government’s lack of ‘vision’

Three months’ worth of pre-25 Jan Beach tourism revenues are enough to…

Daily News Egypt February 23, 2013

$Egypt’s health minister, Mohamed Mostafa Hamed, announced in January that Egypt planned to build or refurbish some 70 hospitals during 2013 and 2014 as part of a drive to overhaul the sector (DNE\Photo)$