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

Contact Finance obtains first consumer credit licence from FRA

These decisions regulate the procedures reconciling the situation to the bodies that…

Alyaa Stohy

Technolease acquires 9.89% stake in Mohandes Insurance Company

The acquisition saw Technolease purchase 5.94m of Mohandes shares at a total…

Alyaa Stohy

FRA accepts MCDR Chairperson’s resignation

Abdel Salam had submitted his resignation to FRA Chairperson Mohamed Omran on…

Daily News Egypt

Egypt’s banks report EGP 83.18bn net profits in 2019: CBE

Top 5 banks account for 50.1% of sector’s total profits, top 10…

Hossam Mounir

Daily cash withdrawal, deposit limits for individuals amended during Ramadan

Individuals can withdraw up to EGP 20,000 daily from ATMs, EGP 50,000…

Hossam Mounir

MENA hotel sector likely to recover in 4Q 2020: Colliers

This came as governments continue to introduce measures to slow the spread…

Shaimaa Al-Aees

Egypt exports $20m worth of medicinal, aromatic plants, herbs in 1Q2020

Amgad El-Kady, General Manager of the Technology and Innovation Industrial Council

Shaimaa Al-Aees

IMF approves new liquidity line to enhance global financial safety net

Short term liquidity facility aims to reduce impact of COVID-19

Hagar Omran

Disruptech fintech fund makes first Egyptian investment with Khazna

Cairo based Khazna specialises in  banking and financial solutions through mobile applications

Daily News Egypt

Egypt needs more post-pandemic healthcare, education, infrastructure investments: UN

Pandemic is altering global expenditure priorities, says Mahmoud Mohieldin

Hagar Omran