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

Tax exemption limit increases 60%, no income tax on salaries up to EGP 24,000

The amendments come under Income Tax Law 26/2020, that aims to improve…

Daily News Egypt

40% of destinations worldwide have eased travel restrictions: UNWTO

In its latest analysis, the UNWTO said that a responsible restart in…

Daily News Egypt

UAE announces operation of 1st Arab nuclear power plant

"We proudly witness start of Barakah nuclear power plant operations, in alignment…

Xinhua

Fitch lowers US credit outlook to negative from stable

Fitch expected the US economy to contract by 5.6% in 2020 and…

Xinhua

US teen arrested in alleged involvement in Twitter hack

"We appreciate the swift actions of law enforcement in this investigation and…

Xinhua

Oil prices sink amid demand fears

Oil prices plunged as West Texas Intermediate for September delivery fell $1.35…

Xinhua

NASA Mars rover Perseverance enters “safe mode” after liftoff

Perseverance mission is completing a health assessment on spacecraft and is working…

Xinhua

ODE appoints Omar El Hamamsy as Group CEO

El Hamamsy joins ODE from McKinsey & Company, where he is Senior…

Daily News Egypt

Latvia Ambassador opens Eitesal webinar on IoT, digital transformation

The seminar reviewed Latvia’s experience in innovation and digital transformation, in relation…

Daily News Egypt

Egyptian National Railways records debts of EGP 111bn: Transport Minister

In a Wednesday press conference, Transport Minister asserted that increasing the prices…

Mohamed Abdel Meguid