Economy

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

Latest Economy News

Government improves public workers’ wages in 2020 despite COVID-19: Finance Minister

Mohamed Maait, Minister of Finance, said that the government, despite the challenges…

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Egypt’s microfinance records EGP 42.7bn in September

Mona Zulfikar, Chairperson of the Egyptian Microfinance Federation said that the beneficiary…

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Egypt’s e-government receipts increase up to EGP 4bn monthly during COVID-19

Egypt’s e-government receipts jumped in 2020, from EGP 1bn to EGP 4bn…

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Egypt reports respective 17%, 12% decrease in trade deficit, imports

Country’s exports stood at EGP 22.8bn in 11M of 2020

Shaimaa Al-Aees Shaimaa Al-Aees

2020 Egypt economy contracts 1.1%, but 6.1% recovery projected in 2021: ESCWA

COVID-19 caused losses of about $140bn for Arab region in 2020, says…

Nehal Samir Nehal Samir

Portfolio investment flows to EMs to recover slowly in 2021: CBE

Egyptian economy contained reversal in portfolio investment flows thanks to its relatively…

Hossam Mounir Hossam Mounir

Finance Ministry extends real estate tax returns submission until March 2021

Egypt’s Minister of Finance Mohamed Maait has agreed to extend the submissions…

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Public investments in Sohag, Qena rise 62% in FY 2020/21: Planning Minister

Latest data on Egypt’s income, spending affirms success of country’s poverty reduction…

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Central Bank of Egypt extends measures to contain COVID-19 repercussions until June 2021

Extension reflects CBE’s keenness to protect national economy, preserve gains of reform

Hossam Mounir Hossam Mounir

EIB to finance 3 transport projects worth €1.1bn in Egypt

Funding comes within €1.9bn financing package approved by EIB last July

Nehal Samir Nehal Samir