Business

Find the latest business news on Egypt’s stock market, banking, investments, tourism, automotive, international business, technology, interest rates, currencies and funds.
Latest Business News

CBE sets new inflation target until 2026

4Q 2024 inflation target stands at 7% (±2%), 5% (±2%) in 4Q…

Hossam Mounir

Recession hits mobile market due to high prices, supply shortage

Walid Ramadan, deputy head of the Mobile and Communications Division at the…

Mohamed Alaa El-Din

Pachin to decide on the acquisition offer of National Paints in early January

Elite is in the process of finalising the fair value report for…

Fatma Salah

Banque Misr, Banque du Caire, Misr Insurance Holding Group, Allianz Egypt launch Real Estate Investment Fund 1

Real Estate Investment Fund 1 signed a deal to purchase commercial real…

Daily News Egypt

CheckMe acquires Doctor Online through Exits MENA in another boost to Egypt’s healthtech

Powered by the T3G investment group and founded in 2020, CheckMe is…

Mohamed Alaa El-Din

Egyptian parliament speaker, government deny any intention to “sell” Suez Canal

The draft law, which received preliminary approval at a plenary session on…

Daily News Egypt

Emirati Chimera to acquire 45% of a subsidiary of GB Auto at a value of EGP 855m

The initial valuation of GB Lease is at EGP 2bn: Sources

Fatma Salah

Suez Canal Authority to acquire South Red Sea Shipyard 

Evaluation, due diligence procedures completed: Sources

Mohamed Samir