Economy

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

Latest Economy News

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 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 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 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 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 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 Ahmed Farahat

GlassRock investments reached $63m by end of 2017

Company produces 50,000 tonnes per year, supplies insulation materials for 20 building…

Mohamed Farag Mohamed Farag

Nasr negotiates with WB to expedite $500m social housing fund

Reports emerge that Egypt requests $2bn from WB

Mohamed Samir Mohamed Samir

High return on debt instruments maintains attractiveness of investment in Egyptian market: Beltone 

Decision to stabilise interest rate was expected, took into account expected inflationary…

Hossam Mounir Hossam Mounir