Economy

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

Latest Economy News

Egypt’s steady adoption of IMF programme would provide upside risk: Merrill Lynch

Forward exchange rate is expected to register 11.20 in Q4 2016, says…

Shaimaa Al-Aees Shaimaa Al-Aees

Egypt, IMF to cut budget deficit to 5.5% during 3-year funding programme

Primary agreement between IMF and Egypt; IMF executive board to determine timing…

Mohamed Ayyad Mohamed Ayyad

IMF, Egypt reach agreement on 3-year $12bn extended fund facility

CBE’s aim to move to flexible exchange rate will strengthen competitiveness, says…

Shaimaa Al-Aees Shaimaa Al-Aees

IMF Reaches Staff-Level Agreement with Egypt on a Three-Year US$12 Billion Extended Fund Facility

  End-of-Mission press releases include statements of IMF staff teams that convey…

Daily News Egypt Daily News Egypt

7 legal offices compete to provide legal consultations for issuing international bonds

A governmental source said that seven Egyptian legal offices applied to act…

Ahmed Farahat Ahmed Farahat

IMF loan is last option for Egypt to escape economic crises: experts

IMF-leveraged deal is mandatory; a refusal would lead to losing loan sources,…

Shaimaa Al-Aees Shaimaa Al-Aees

Inflation to increase to 15-16% by end of September after electricity price rise

Decrease in poultry prices limited the increase in the inflation rate in…

Hossam Mounir Hossam Mounir

Egypt, IMF to postpone unifying exchange rate until first tranche of loan arrives

Government moving quickly towards loan, while mission concerned about Cairo's ability to…

Mohamed Ayyad Mohamed Ayyad

Government policies increase poverty, future for the poor seems bleak: expert

Poverty in Egypt will increase throughout the year, as the government did…

Hisham Salah Hisham Salah

Upper Egypt will become poorer due to corruption: expert

Corruption creates poverty with Upper Egypt being the most affected

Hisham Salah Hisham Salah