Economy

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

Latest Economy News

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

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

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

Beltone downplays Moody’s short-term debt concerns

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

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

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

Falling inflation allows another interest cut: Beltone Financial

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

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

S&P raises Egypt’s soverign credit rating to ‘B’ from ‘B-”, lowers outlook to stable

S&P Global Ratings on Friday raised Egypt’s sovereign credit rating to B…

Mohamed Samir

Egypt’s inflation rates in numbers

Maximum inflation rate will reach 13% by end-2018, inflation will witness large…

Daily News Egypt