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

MNHD targets EGP 6bn in annual sales during 2020

Company plans to securitise receivables of 3,000 units expected to be delivered…

Alyaa Stohy

Egypt, US officials inspect USAID-funded wastewater treatment plant in Rod El-Farag

Since 1986, US has invested $243m to expand Central Cairo Water System,…

Daily News Egypt

Global economy is facing deep recession due to COVID-19: IMF

The IMF said that these ongoing global forces and the current crisis…

Daily News Egypt

Egypt, Australia discuss COVID-19 impact on global gas market

The meeting, held via video conference on Tuesday, also discussed the mining…

Daily News Egypt

CIB – Egypt celebrates five years of sustainability reporting

Event highlights importance of Bank’s commitment to creating shared value while contributing…

Daily News Egypt

Netherlands contributes $6m to IFAD’s Rural Poor Stimulus Facility

Dutch funding to IFAD will help avert COVID-19 food crisis

Nehal Samir

Palm Hills Developments achieves EGP 2.9bn sales in 3Q 2020

Net Profit for the quarter grew 156% y-o-y, reaching EGP 238m, complemented…

Alyaa Stohy

Egypt, World Bank discuss cooperation in environment issues

Egypt is keen to integrate environmental aspects in state’s development plans 

Daily News Egypt

EBRD, partners acquire Egypt’s Adwia Pharmaceuticals

EBRD commits $75m to support the company’s growth in Egypt

Nehal Samir

Local, international financial institutions offer to invest $1.755bn in CBE’s T-bills

The CBE floated the $1.56bn worth T-bill tender for a year, due…

Hossam Mounir