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

Cement industry requires support from local government not export subsidy: Suez Cement CEO

Cement is critical commodity, and big local and international businesses have invested…

Nevine Kamel

AOI to support Agricultural Bank of Egypt’s digital transformation

AOI Chairperson Abdel Moneim El-Terras stressed that the agreement reflects President Abdel…

Hossam Mounir

Egypt, China agree to develop Arabic-Mandarin NLP programme

Project aims to encourage Egyptian-Chinese cooperation in bilingual translation system using AI

Mohamed Alaa El-Din

Latest law on tax delinquency penalty relief offers new incentives: Finance Minister

Incentives help accelerate collection of state’s overdue debts, maximise its ability to…

Daily News Egypt

EBRD to invest EGP 1.5bn in NUCA bond issuance

Bank has leant its support to Egypt’s largest local currency bond issuance

Nehal Samir

Rameda gets EDA approval to price two coronavirus medicines

Rameda started last month manufacturing Anviziram, which contains the active pharmaceutical ingredient…

Alyaa Stohy

Africa needs to boost internet penetration as COVID-19 disrupts trade: UNECA

Kenya, Mauritius, Namibia and South Africa are only countries where share of…

Xinhua

Banque Misr increases CI Capital stake to 10.16% with EGP 115m investment

The average purchase price per share reached EGP 3.99, with the groups'…

Alyaa Stohy

Egypt-Germany trade exchange records $2.1bn in H1 of 2020

This comprises $290m in Egyptian exports and $1.82bn in imports from Germany,…

Shaimaa Al-Aees

NBE, Banque Misr contribute EGP 60m to Health Ministry’s COVID-19 fight

NBE donates EGP 8bn in past 6 years, while Banque Misr gives…

Hossam Mounir