Economy

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

Latest Economy News

Egypt’s microfinance portfolio reaches EGP 13bn by end-Q1 2018: EMF

Banks total active microfinance portfolio at EGP 4.5 bn, 312,000 active customer,…

Nehal Samir

Egypt’s budget deficit rose to EGP  218.1bn during 7M current FY: Finance Ministry

Budget deficit increased 11.3% y-o-y during first seven months of FY 2017/2018

Nehal Samir

Egyptian-Russian economic committee preparatory meetings kick off in Moscow

Egyptian delegation visits industrial zone Technopolis Moscow

Shaimaa Al-Aees

EGP 7bn initial surplus in 10M current FY: El-Garhy

Government aims to achieve initial surplus of 2% of GDP, reduce budget…

Nehal Samir

50%, increase in consumer consumption of goods in Ramadan: Ministry of Supply

Egypt’s Minister of Supply and Internal Trade Aly El Meselhi said in…

Nehal Samir

Beltone downplays Moody’s short-term debt concerns

Beltone, expects that Egypt to continue the current trend depending on the…

Daily News Egypt

IMF completes Egypt’s third review mission, agrees to disbursement of $2bn instalment

The International Monetary Fund (IMF) delegation has reached a staff-level agreement—subject to…

Mohamed Samir

Minister of finance agrees to drop EGP 2.1m income tax owed by 150 clients

Minister of Finance Amr El-Garhy approved the decisions of the Egyptian Tax…

Daily News Egypt

Falling inflation allows another interest cut: Beltone Financial

Despite rising interest rates in emerging markets, Egypt's strong outlook, exchange rate…

Hossam Mounir