Economy

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

Latest Economy News

IMF forecasts Egypt’s economy to record 2.8% growth in FY 2020/21

Egypt's economy was heavily effected by coronavirus pandemic, which took it's toll…

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Planning Minister allocates EGP 49m to build river marina at Mohamed Ali Palace

Egypt’s Minister of Planning and Economic Development Hala El-Said has approved funding…

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Planning Minister approves EGP 50m to launch Digital Egypt Builders Initiative

Egypt’s Minister of Planning and Economic DevelopmentHala El-Said has approved EGP 50m…

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Egyptian economy to grow 2.7% in fiscal year 2020/21: World Bank

Egyptian economy has been heavily disrupted by coronavirus pandemic. However, it avoided…

Shaimaa Al-Aees Shaimaa Al-Aees

Egypt looks forward to maximising US investment activities: Finance Minister

Egypt’s Minister of Finance Mohamed Maait has expressed the Egyptian government's aspiration…

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Egypt, South Korea discuss bilateral cooperation, COVID-19 response

Egypt’s Minister of Planning and Economic Development Hala El-Said received South Korea’s…

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Central Bank of Egypt directs for accelerating financial transfers

Intra bank transfers to be carried out in 2 hours, while interbank…

Hossam Mounir Hossam Mounir

Egypt’s net international reserves rise to $40.062bn in December 2020

FX reserves increase by about $364m to $35.399bn in December

Hossam Mounir Hossam Mounir

US Treasury Secretary Steven Mnuchin visits Egypt

Mnuchin’s visit to reaffirm enduring US commitment to Egypt, and explore areas…

Nehal Samir Nehal Samir