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

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

Al Ahly Sabbour, LVNG to develop 2 international schools at Mostakbal City

Egyptian developer invests EGP 650m in providing New Cairo with first-rate educational…

Daily News Egypt

CIB awaits CBE audit report following chairperson’s resignation

Two audit firms to look into CBE report on CIB violations, should…

Alyaa Stohy

Al-Sisi directs TSFE to maximise value of state assets

Al-Sisi’s remarks came during a meeting with Prime Minister Mostafa Madbouly, Minister…

Daily News Egypt

Environment Ministry, Geocycle Lafarge cooperate on pesticides disposal from 3 Egyptian ports 

Total of 34.9 tonnes of hazardous pesticides will be safely disposed from…

Daily News Egypt