Economy

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

Latest Economy News

Egypt’s annual inflation slows to 13.3% in March, marking lowest level since 2016

Beltone Financial forecasts another 100-basis point interest rate cut on May

Mohamed Samir Mohamed Samir

AlexBank, Jordan Post sign agreement to enhance remittances service

The Bank of Alexandria (AlexBank) announced on Monday in Amman the signature…

Daily News Egypt Daily News Egypt

Egypt successfully raises €2bn in eurobond issuance, closes 3.8 times oversubscribed

Egypt successfully closed a €2bn eurobond issuance, the country’s first public bond…

Mohamed Samir Mohamed Samir

Egypt targets 4% deficit by 2022: El-Garhy

Egypt’s Minister of Finance Amr El-Garhy said that his ministry aims to…

Mohamed Samir Mohamed Samir

Beltone expects tourism revenues to reach $6.2bn in FY 2017/2018

FY 2017/2018 expected to see reduced CA deficit, normalised portfolio inflows

Nehal Samir Nehal Samir

Egypt’s current account deficit dropped 64% to $3.4bn in H1 FY 2017/18

Improvement was backed by 5% GDP growth in 2017—highest on record since…

Mohamed Samir Mohamed Samir

16% decline in EGF Hermes’ profit in 2017

Egyptian Financial Group Hermes Holding (EFG Hermes) announced in a press statement…

Daily News Egypt Daily News Egypt

No significant decline expected in T-bonds demand after interest rate cuts: EFG Hermes

EFG Hermes has ruled out any significant decline in foreign investors' appetite…

Mohamed Samir Mohamed Samir

IFC does not yet wish to sell its stake in AlexBank

International Finance Corporation (IFC), the World Bank Group's investment arm, has shown…

El Husseiny Hassan El Husseiny Hassan

B Investments IPO oversubscribed 54 times one hour before closure

Share price at EGP 10.78, with 19% expected return, Mubasher Trade says

Mahmoud El-Qassas Mahmoud El-Qassas