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

Egypt stock issuances decline 48% during 5M of 2020: FRA

Insurance premiums fall by 11.4% to EGP 2.67bn in May

Alyaa Stohy

FRA receives proposals for controls on electronic crowdfunding platforms

New draft law to regulate, develop fintech in non-banking financial activities

Daily News Egypt

EBE records EGP 1.103bn net profit in FY 2019/20

Bank’s loans and credit facilities reach EGP 31.297bn, while syndicated loans record…

Shaimaa Raafat

Egypt spends EGP 174bn on water, wastewater infrastructure since 2014

Government completes 1,131 projects improving drinking water, sanitation facilities in urban and…

Daily News Egypt

Al-Sisi urges more cooperation with Italy’s Eni in oil sector 

Egypt is important partner for Italian company's international activity, says Eni CEO…

Mohamed Abdel Meguid

Egypt Al-Sisi stresses importance of localising industry at SCZone

President reviewed state of SCZone activities, and the current status of contracts…

Daily News Egypt

Sudan suffers catastrophic losses in severest floods in century: PM Hamdouk

River Nile’s water level has reached 17.48 metres

Daily News Egypt

Drop in export revenues from tourism could reduce global GDP by 2.8%: UNWTO

Decline in Egypt’s tourism revenues also means country’s GDP will decrease by…

Nehal Samir

SIDPEC reports surprise profit from gas price cut in Q2 2020

The company noted that the price reduction is also likely to have…

Daily News Egypt

Bank Audi – Egypt reports EGP 1bn PBT in H1 2020

Bank’s positive indicators solidify presence in Egyptian market, support local expansion plans:…

Hossam Mounir