Latest Business News
Federation of Industries confirms need for new monetary policies to promote industrial investment
Manufacturers demand opening documentary credits for imports in banks
35.8% decrease in Egypt’s trade deficit in May 2022
The trade deficit reached $2.61bn during May 2022, versus $4.06bn in May…
EFG Hermes reports 28% revenue growth y-o-y to EGP 2.1bn in 2Q 2022
It translated into a Group net profit before tax of EGP 623m,…
Adoption of new rules for corporate bond settlement is step towards activating secondary market
Step contributes to reducing time for settlement of corporate bond transactions: Rashid
Newly appointed Tourism Minister discusses with sector investors preparations for winter season
He stressed the necessity of continuous cooperation between the ministry and the…
SCZone signs MoU with Japan’s Toyota Tsusho for infrastructure projects
The MoU targets several projects that include new infrastructure and developments related…
Anticipation prevails across money market; all await decision on interest rates
EGX30 is expected to rebound to 10,200 points
Central Bank of Egypt justifies high inflation in July 2022
July's inflation was mainly impacted by increase of core food, retail, and…
SODIC signs LOI with GOCO to operate ‘GOCO Retreat’ at The Estates compound
The partnership entails offering hospitality and wellness services to The Estates’ community.