Economy

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

Latest Economy News

Fitch affirms Egypt’s positive outlook, B rating

Public finances remain Achilles heel of Egypt's credit profile, yet Fitch estimates…

Mohamed Samir

Proceeds of first government IPO amount to EGP 20bn: Kouchouk

Finance Ministry to detain promotional plan, offering bonds in Asian countries

Ahmed Farahat

We annually invest about $17bn in region: WB’s vice president for Africa

African countries recommended to heavily invest in infrastructure, energy, ICT

Hagar Omran

Egyptians bought five tonnes of gold jewellery within three months: World Gold Council’s report

Iran, Turkey leading decline in jewellery demand in Middle East, states report

Nehal Samir

Fund project growth to reach 6%, unemployment rate, inflation to fall to 7%: IMF’s senior resident representative to Egypt

Strong private sector essential for job creation, this requires improving business environment,…

Nevine Kamel

Customs dollar set at EGP 16 in August: finance minister

Capital Economics expects customs dollar to rise to EGP 19 by year…

Hossam Mounir

EGP 324.4 spending on subsidy in FY 2017/2018

The spending on subsidy in state budget reached  EGP 324.4 in fiscal…

Shaimaa Al-Aees

$17.5bn foreign investments in debt instruments by the end of June

$3-4bn the volume of foreign investments exit in Egypt’s debt instruments during…

Shaimaa Al-Aees

EGP 157bn increase in tax revenues in FY 2017/2018: Finance Minister

Decrease in budget deficit to reach 9.8% in FY2017/2018 compared to 10.9%…

Ahmed Farahat