Economy

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

Latest Economy News

Egypt’s local public debt hits EGP 3.414tn end-2017: CBE

Egypt's local public debt rose to EGP 3.414tn at the end of…

Hossam Mounir Hossam Mounir

Parliament approves EGP 70.3bn additional allocations for current FY budget

The Egyptian Parliament approved on Sunday the draft law submitted by the…

Nehal Samir Nehal Samir

1,784 new companies established in May with issued capital of EGP 4.3bn: Investment Ministry

The Ministry of Investment and International Cooperation said that the number of…

Shaimaa Al-Aees Shaimaa Al-Aees

90% of Egypt’s economic reform programme completed: Finance Minister

Maeet expects inflation to rise only temporarary as the economy absorbs the…

Nehal Samir Nehal Samir

Sahar Nasr, Hala Al-Saeed, Naguib Sawiris expected to attend AWI meetings about Egypt in Paris

Nasr will discuss Macron's planned visit arrangements with French officials next week

Hagar Omran Hagar Omran

Currency devaluation, reform open new chapters for trade: HSBC

Pound floatation in 2017 contributed to bridging trade deficit, as exports improved

Hossam Mounir Hossam Mounir

Local, foreign financial institutions offer to invest $887.7m in Egyptian T-Bills

Highest rate of interest on investment at 3.9%, lowest at 3.28%, averaging…

Hossam Mounir Hossam Mounir

Capital Economics expects Egypt to cut interest rates in September

Al-Tawfeek Leasing Company expects inflation rise due to expected price increases of…

Nehal Samir Nehal Samir

Egypt’s upcoming spending priorities are for education, health, culture

Expenditure on education, vocational training will be tax-exempt

Mohamed Farag Mohamed Farag

Egypt, Germany sign €1.6bn development deal

Germany-provided financial support for state budget records €225m at beginning of this…

Shaimaa Al-Aees Shaimaa Al-Aees