Economy

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

Latest Economy News

Central Bank of Egypt targets average inflation rate at 7% (±2%) in Q4 of 2022

Central bank to continue using monetary policy tools to control inflation expectations,…

Hossam Mounir Hossam Mounir

Egypt’s central bank leaves interest rates on hold

Central Bank of Egypt new inflation target has been set at 7%…

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President Al-Sisi directs for financial provisions to national development projects

Egypt's President Abdel Fattah Al-Sisi directed, on Thursday, for the provision of…

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Tax Authority forms team to support financiers in joining e-invoice system

Reda Abdel Kader, Chairperson of the Egyptian Tax Authority (ETA), has formed…

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Egypt benefits from debt swap programmes with Italy, Germany: Deputy Planning Minister

Debt swap is effective measure to reduce debt burden on countries and…

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Egypt’s Sovereign Fund aims to boost private sector investment in internal trade

The Internal Trade Development Agency (ITDA) and The Sovereign Fund of Egypt…

Shaimaa Al-Aees Shaimaa Al-Aees

EBRD grants $12m loan for new hotel serving Grand Egyptian Museum, Giza Pyramids

Project to generate over 300 jobs, promote women’s inclusion, funded by SEC

Nehal Samir Nehal Samir

Egypt secured $477m in development financing for health during 2020

Egypt’s Ministry of International Cooperation secured $477m in development financing through 7…

Nehal Samir Nehal Samir

Egyptian expats will be able to transfer remittances through post offices

National Bank of Egypt (NBE) and Egypt Post on Tuesday signed a…

Hossam Mounir Hossam Mounir

Egypt launches interactive website to track SDG-aligned development

On the sidelines of the release of the 2020 annual report titled,…

Nehal Samir Nehal Samir