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

Egyptian employees financially affected by COVID-19 down to 26.9% in Q4 2020: CAPMAS

Household consumption of medical devices increases to 93%

Hossam Mounir

IMF appoints Brenda Boultwood as Director of Risk Management

Fund has recognised pressing need to deepen enterprise risk management function, increase…

Daily News Egypt

Agricultural Bank of Egypt expands ‘Bab Rizq’ microfinance programme to 150 branches

Programme aims to increase income, improve livelihoods in rural areas, achieve financial…

Hossam Mounir

ADIB Egypt reports EGP 1.196bn in net profit during 2020

Consolidated financial results for 2020 show positive indicators, despite negative repercussions of…

Daily News Egypt

Infinity expected to IPO as it builds energy platform across Africa

Company is expected to distribute dividends in Q1 of 2021

Alyaa Stohy

Moody’s doesn’t expect major disruption from Suez Canal blockage to Egypt’s payments balance

Ratings agency says temporary disruption will not materially change its expectation of…

Nehal Samir

Bank Audi Egypt to launch new internet, mobile banking applications soon

Bank is keen on improving customer banking experience, by providing more ease…

Daily News Egypt

Suez Canal Bank to increase contribution in car replacement initiative, puts SMEs finance plan

Bank’s SMEs portfolio reaches EGP 2bn, retail banking records EGP 1.2bn in…

Daily News Egypt

Egypt Post to develop 1,500 post offices, deploy 1,000 ATMs in 2021

Egypt Post intends to deploy 30 postal services kiosks during 2021

Mohamed Alaa El-Din