Economy

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

Latest Economy News

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

Poverty rate rises while solutions are lacking, low-income citizens in Upper Egypt, Sinai most affected: experts

The Central Agency for Public Mobilisation and Statistics (CAPMAS) announced that the…

Daily News Egypt Daily News Egypt

Rise in electricity prices not related to IMF loan: Shaker

Electricity budget is marked at EGP 52bn for the fiscal year 2016/2017,…

Mohamed Farag Mohamed Farag

Egypt pays $2.25bn of external debt in July: CBE

Foreign exchange reserves dropped $2bn in July, reaching lowest point since January…

Hossam Mounir Hossam Mounir