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

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

NBE, EG Bank, AIB arrange syndicated EGP 650m loan to Misr Italia properties

Joint loan’s arrangement reflects participating banks’ support for real estate sector

Alyaa Stohy

Public Business Sector Ministry, AOI sign MoU establishing tyre production factories

The second factory, which will be built in Alexandria, will be dedicated…

Daily News Egypt

Lafarge Egypt repairs 460 ventilator devices in public hospitals

The two initiatives form part of Lafarge Egypt’s corporate social responsibility (CSR)…

Daily News Egypt

Gemini Enterprises Africa launches initiative advancing entrepreneurship during COVID-19

The company said the initiative is looking to solve unemployment and create…

Mohamed Alaa El-Din

El Sewedy Electric reports EPG 8.1bn revenues in Q1 2020, 2.6% decrease in net profits

Company faced challenges that negatively affected performance due to coronavirus, says El…

Alyaa Stohy

Bad timing for increasing stamp duty on EGX transactions amid low trading: Sigma Capital

The Parliament's planning and budget committee raised on Wednesday the stamp duty…

Alyaa Stohy

EGX declines 1.8% following parliamentary discussions on stamp tax rise

Blue-chip index, the EGX 30, closed at the end of Wednesday's session…

Alyaa Stohy

IMF mulls cutting Egypt’s COVID-19 assistance duration to under 4 years

Arab countries have been swift to act on the current health crisis,…

Shaimaa Al-Aees

Ministry of Planning launches initiative against layoffs in private sector

Minister of Planning and Economic Development Hala El-Said said that Ministry of…

Daily News Egypt