Economy

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

Latest Economy News

Balance of Payments overall deficit rose to $ 3.4bn during six month of FY 2015/2016

Net inflows of foreign direct investment in Egypt rose from $ 2.6bn…

Shaimaa Al-Aees

Moody’s praises CBE pound devaluation

Flexible exchange rate can offset some major challenges, Moody’s says

Daily News Egypt

Egypt does not have time to remove bureaucratic obstacles: Salman

Salman added that his ministry will work easing investment procedures in front…

Daily News Egypt

JP Morgan expects further EGP devaluation, IMF loan deal

The US firm expects higher interest rates

Daily News Egypt

Visa to open office in Côte d’Ivoire to accelerate digital Payments

The office will facilitate engagement with key stakeholders in the region

Daily News Egypt

Sahl Hasheesh invests in build-out of value-added components

Room rates have pushed through pre-revolution levels but occupancy is still struggling,…

Daily News Egypt

Egypt’s US dollar certificates issuance positive for banks, insufficient to quell liquidity pressure: MOODY’S

The sale of US certificates for sale to Egyptian expatriates will increase…

Hossam Mounir

46.3% decrease of number of tourists in Egypt in January 2016: CAPMAS

A total of 363,500 tourists visited Egypt from around the world in…

Hossam Mounir

Qabil discusses development of cooperation with EU delegation

Minister of Industry and Foreign Trade Tarek Qabil met with the delegation…

Daily News Egypt

Egypt to take part in G20 summit in Shanghai

Egypt will actively participate in discussions and endeavours conducted in G20 summit

Sudan Essex