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

Data Protection Law supports data centre localisation in Egypt: MCIT

This comes in light of President Abdel Fattah Al-Sisi’s ratification of Law…

Mohamed Alaa El-Din

Egypt Communications Ministry launches initiative enabling 20,000 youths to freelance

The initiative, run through the integrated community centres developed by the Ministry…

Daily News Egypt

Egypt’s Mashro’ak provides EGP 14.6bn in finances to 150,000 SMEs since its founding

The funding, which was provided between the project’s inception until the end…

Daily News Egypt

Tax exemption limit increases 60%, no income tax on salaries up to EGP 24,000

The amendments come under Income Tax Law 26/2020, that aims to improve…

Daily News Egypt

40% of destinations worldwide have eased travel restrictions: UNWTO

In its latest analysis, the UNWTO said that a responsible restart in…

Daily News Egypt

UAE announces operation of 1st Arab nuclear power plant

"We proudly witness start of Barakah nuclear power plant operations, in alignment…

Xinhua

Fitch lowers US credit outlook to negative from stable

Fitch expected the US economy to contract by 5.6% in 2020 and…

Xinhua

US teen arrested in alleged involvement in Twitter hack

"We appreciate the swift actions of law enforcement in this investigation and…

Xinhua

Oil prices sink amid demand fears

Oil prices plunged as West Texas Intermediate for September delivery fell $1.35…

Xinhua

NASA Mars rover Perseverance enters “safe mode” after liftoff

Perseverance mission is completing a health assessment on spacecraft and is working…

Xinhua