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

Al-Sisi approves amendment to Anti-Money Laundering Law

The amendments of the law were published in Egypt's official Gazette

Sarah El-Sheikh

FocusEconomics expects global recession over 40% in next 12 months due to COVID-19

FocusEconomics panelists have markedly revised its Coronavirus estimate on its impact on…

Shaimaa Al-Aees

Finance Ministry reduces stamp tax to 0.5 per thousand, postpone capital gains tax

The decision will be presented to the economic ministerial group in its…

Alyaa Stohy

Government decision regarding stock exchange taxes awaited by EGX

Global, local stock exchange losses, halting transactions will likely trigger panic selling

Alyaa Stohy

CBE cuts interest rate by 3% in emergency MPC meeting

CBE has taken strong measures in anticipation of possible impacts of global…

Hossam Mounir

IMF to help low-income member states with $10bn zero rates-funds to combat COVID-19

About 20 countries showed interest in IMF’s support, says Georgieva

Hagar Omran

Castle Development, Allianz Egypt sign PPI agreement

Castle Development partnered with the Misr for Central Clearing, Depository and Registry…

Daily News Egypt

Better Home invests EGP 1.5bn in Midtown Condo New Capital

The project comprises 2,500 housing units with different sizes and three commercial…

Shaimaa Al-Aees

Although Cityscape postponed, developers continue promotion campaigns

However, the exhibition’s postponement did not affect developers’ promotion plans and campaigns…

Shaimaa Al-Aees