Economy

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

Latest Economy News

Central Bank of Egypt cuts key interest rates

Reuters - Egypt's central bank cut its key interest rates by 50 basis points…

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Egyptian Pound strengthens slightly at Dollar sale

The central bank said it sold $38.8 million to banks at its…

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Ashton and Bahaa El-Din sign EUR 90m assistance package

EU foreign policy chief concerned over security forces dispersal of protests and…

Joel Gulhane Joel Gulhane

EBRD steps up lending to Arab states hit by unrest

The European Bank for Reconstruction and Development has expanded its mandate in…

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Egyptian Pound strengthens at Dollar sale

Reuters - Egypt's pound gained slightly at a central bank foreign- currency sale…

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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