Economy

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

Latest Economy News

Egypt’s microfinance portfolio reaches EGP 13bn by end-Q1 2018: EMF

Banks total active microfinance portfolio at EGP 4.5 bn, 312,000 active customer,…

Nehal Samir Nehal Samir

Egypt’s budget deficit rose to EGP  218.1bn during 7M current FY: Finance Ministry

Budget deficit increased 11.3% y-o-y during first seven months of FY 2017/2018

Nehal Samir Nehal Samir

Egyptian-Russian economic committee preparatory meetings kick off in Moscow

Egyptian delegation visits industrial zone Technopolis Moscow

Shaimaa Al-Aees Shaimaa Al-Aees

EGP 7bn initial surplus in 10M current FY: El-Garhy

Government aims to achieve initial surplus of 2% of GDP, reduce budget…

Nehal Samir Nehal Samir

50%, increase in consumer consumption of goods in Ramadan: Ministry of Supply

Egypt’s Minister of Supply and Internal Trade Aly El Meselhi said in…

Nehal Samir Nehal Samir

Beltone downplays Moody’s short-term debt concerns

Beltone, expects that Egypt to continue the current trend depending on the…

Daily News Egypt Daily News Egypt

IMF completes Egypt’s third review mission, agrees to disbursement of $2bn instalment

The International Monetary Fund (IMF) delegation has reached a staff-level agreement—subject to…

Mohamed Samir Mohamed Samir

Minister of finance agrees to drop EGP 2.1m income tax owed by 150 clients

Minister of Finance Amr El-Garhy approved the decisions of the Egyptian Tax…

Daily News Egypt Daily News Egypt

Falling inflation allows another interest cut: Beltone Financial

Despite rising interest rates in emerging markets, Egypt's strong outlook, exchange rate…

Hossam Mounir Hossam Mounir

S&P’s upgrade of credit rating confirms Egypt is on right path: El-Garhy

Minister of Finance Amr El-Garhy welcomed the Friday decision of Standard &…

Mohamed Samir Mohamed Samir