Economy

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

Latest Economy News

China’s inflation slows to 29-month low

Beijing (AFP) — China’s inflation slowed in June to its lowest level…

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A meagre rise in foreign reserves

By Nasser Youssef Egyptian foreign reserves have risen for the third consecutive…

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Eurozone ministers under pressure to deliver

A June 28-29 EU summit was hailed as a breakthrough, promising fresh…

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Iran uses tricks to find oil buyers

In an effort to hobble the Iranian government, the EU joined the…

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World Bank to subsidie Egyptian pharmaceutical exports

The International Bank for Reconstruction and Development (IBRD) agreed to subsidise Egyptian…

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IMF warns US against cutting deficit too fast

(AFP) — The International Monetary Fund warned Tuesday that the Obama administration…

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EGP 10.8bn budget for railways, deficit reaches EGP 1.2bn

By Sherif Serag The government estimated that the total budget for the…

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Business Development Association inaugurates Ebdaa

By Mohamed El-Atroosh and Shaimaa Rouf The Association for Business Development inaugurated…

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Islamic Trade lends Egypt USD 1bn to meet rising demand of consumer goods

The Egyptian government signed a final agreement with the International Islamic Trade…

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Morsi raises government salaries

The government began implementation of the new budget decisions last Sunday, after…

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