Economy

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

Latest Economy News

EGX booked EGP 6.3bn in gains previous week

Main indices jumped more than 1.7%

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Government to switch to open source

Decision motivated by need to reduce government technological expenses and software imports

Mohamed Salah Mohamed Salah

Sinai Development Agency proposes land sales to Egyptians expats

The Sinai Development Agency is considering a plan to sell land in…

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European stock markets mostly fall

RBS shares jump, however, despite Libor fines

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Mokhtar Ibrahim not awarded rights to a Cairo sewage maintenance programme

The Qatari government has refused to grant Egyptian Contracting the rights to…

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Second stage of ‘Nation House’ programme for Egyptian expats launched

The programme will sell and distribute some 5,000 plots of land to…

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NBE follows in Banque Misr footsteps

Bank raises interest rates on platinum by 2%

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Standard & Poor’s: Gulf banks replace European banks in MENA

European banks are shedding assets outside of the MENA region to rebuild…

Mohamed Salah Mohamed Salah

Cutting deficits without damaging growth

Average public debt in MENA countries is more than 78% of GDP,…

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IFC to invest $6m in ‘Fawry’

The investment in 'Fawry' the electronic payment provider, will be used to…

Mohamed Salah Mohamed Salah