Economy

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

Latest Economy News

S&P raises Egypt sovereign credit rating to B- from CCC+

Reuters - Standard & Poor's Ratings has raised its long and short-term…

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Egypt has the potential to become a powerful economy: World Bank Vice-President

Vice-President for the MENA region visits Egypt for the first time since…

Mostafa Salem Mostafa Salem

Arab Spring economies hit by uncertainty: IMF

The economies of Arab countries rocked by the uprisings that swept the…

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Board of trustees appointed for Egypt support fund

Naguib Sawiris and Ahmed Fouad Negm part of nine-member board to oversee…

Joel Gulhane Joel Gulhane

Government to implement privatisation-canceling verdicts

Procedures for implementing the verdicts will be decided by Legislative and Advisory…

Fady Ashraf Fady Ashraf

Minimum income announced at EGP 1200

Maximum wage remains unannounced as the minimum income decision receives mixed reactions

Rana Muhammad Taha Rana Muhammad Taha

China oil giant buys into strife-hit Egypt for $3.1 bln

Chinese state-owned Sinopec will buy a one-third share in the Egyptian oil…

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Egypt-Turkey market link project stalled

Following Egypt’s political turmoil, the linking of the Egyptian and Turkish stock…

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EGP 19bn in remitances from those living abroad

By: Ibrahim al-Masry   Kamal Abu Eita, Minister of Manpower and Emigration…

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Violence weighs on value of pound on black market

Egyptian pound’s black market value falls on instability following dispersal of pro-Morsi…

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