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

German Auto Service opens new showroom in Cairo

A number of senior government and auto industry officials took part in…

Daily News Egypt

Inas Abdel Moneim named Managing Director of 138 Pyramids fund

Abdel Moneim is to spearhead the company’s service expansion, and help portfolio…

Daily News Egypt

Egyptian cement sales surge 10% m-o-m in September

Demand for cement in September rises to highest since April 2020

Alyaa Stohy

Egypt pharmaceutical sales increase 14% y-o-y to EGP 7.7bn in September

For the first nine months (9M) of 2020, total pharmaceutical sales sales…

Alyaa Stohy

Equity financing best option for fintech firms to fund expansion

Equity financing helps companies raise money to fund their working and expansion…

Mohamed Alaa El-Din

Egypt’s external debt rises to $123.49bn in June 2020: CBE

The country’s external debt in June 2020 also increased by 14.79% compared…

Hossam Mounir

Global tourism may take 4 years to return to 2019 levels: McKinsey & Company

Egypt’s tourism revenues could return to 2019 levels by 2023, but recovery…

Nehal Samir

Egypt government aims to increase VAT on snacks, sweets to 14%

Naeem Research sees that the amendments, if approved, would affect snacks and…

Alyaa Stohy

Egypt continues electronic systems development to boost financial performance

Abu Eish’s remarks came during a workshop reviewing updates to the GFMIS,…

Daily News Egypt

Private placement of Azimut’s fixed income fund oversubscribed with EGP 295.3m

The amount represents almost six times the preliminary targeted subscription, leading the…

Alyaa Stohy