Economy

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

Latest Economy News

AfDB announces $140m fund for Egypt’s Administrative Capital

President of the African Development Bank (AfDB) Akinwumi Adesina said the bank…

Mohamed Ayyad

EGP 2tn size of the Egyptian banking sector by the end of 2015: Fayed

The size of the Egyptian banking sector was EGP 2tn by the…

Hossam Mounir

Only 8 million of 54 million eligible citizens have bank accounts

Vice chairman of the Federation of Egyptian Banks and chairman of the…

Hossam Mounir

CBE fixes prices of basic yield

The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided…

Hossam Mounir

Decision to propose capital increases for 2 banks on EGX is governamt’s most impotant in recent years

Chairman of the Egyptian Exchange (EGX) Mohamed Omran said the government's and…

Hossam Mounir

IMC approves industrial sector urgent problems resolving plan for the coming 6 months: Industry Minister

IMC succeeded in providing 1138 service for 553 companies during six months,…

Daily News Egypt

Cross- Border M&A Index Middle East for Q4 of 2015 Reaches 546.5 Deals

Cross-regional deals fueled by the Middle East totaled 105 deals valued at…

Daily News Egypt

EGP 6bn losses in tourism sector in Sharm El-Sheikh in 3 months: South Sinai Governor

Governor of South Sinai Major General Khaled Fouda said the tourism sector…

Hossam Mounir

$3.3tn of Arab banking sector assets by end of September 2015: Barakat

Only 8% of total financing in Arab banks goes to SMEs

Hossam Mounir

First portion of WB loan has not entered CBE yet: CBE Deputy Governor

Deputy Governor of the Central Bank of Egypt (CBE) Tarek Fayed asserted…

Hossam Mounir