Economy

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

Latest Economy News

G20 finance officials pledge immediate, exceptional measures to address COVID-19

To date, 42 countries have requested to be benefited from G20 DSSI,…

Xinhua

Egypt economy 2020 to grow 0.8% in worst case scenario: African Economic Outlook

In March, Egypt experienced portfolio outflows, 12% decline in foreign currency reserves

Shaimaa Al-Aees

IMF approves 12-month $5.2bn Stand-By Arrangement for Egypt

New IMF arrangement aims to help Egypt cope with the challenges posed…

Nehal Samir

Al-Sisi reviews impacts of COVID-19 on Egypt’s economic growth

Presidential directive asks TSFE to maximise added value of state assets, properties

Daily News Egypt

Egypt, IMF reach staff-level agreement on 12-Month $5.2bn stand-by arrangement

Financing from Egypt’s international partners will be critical for key reform objectives,…

Daily News Egypt

COVID-19 to slash global economic output by $8.5 trn next 2 years: UN

The report estimates that GDP growth in developed economies is expected to…

Xinhua

Lebanon has to accept IMF’s tough conditions in return for financial support: president

Lebanon has submitted an official request to the IMF for funds for…

Xinhua

Egypt’s Al-Sisi, government took decisive COVID-19 response: IMF’s Georgieva

IMF fully supports Egypt’s aim to safeguard the significant gains made under…

Daily News Egypt

Egypt climbs ranking of 3 most imp int’l economic indicators, thanks to economic reforms: Finance Min.

Egypt is first in emerging countries for debt reduction, second in budget…

Daily News Egypt

Egypt’s economic growth to pick up in 2020 supported by monetary policy easing: WBG

Government’s promotion initiatives and improved security support tourism sector, says report

Hagar Omran