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

Energean negotiates a new price for Edison asset deal at $284m

Energean will gain operations in Egypt, Italy, UK, Croatia and Malta ,…

Mohamed Adel

Suez Cement reports net loss of EGP 291m in Q1 of 2020

Company attributes quarterly loss to weak operating performances on back of plummeting…

Alyaa Stohy

NTRA sets mobile operator outlets’ timings after curfew lifted

The work hours during which outlets can serve customers, came into effect…

Mohamed Alaa El-Din

AMF prepares launch of international immediate payment service

The new service is the latest part of its "Beni" platform for…

Hossam Mounir

Egypt reports $2.36bn trade deficit in April: CAPMAS

Decline attributed to decreased value of some commodities, including fertilisers, petroleum products,…

Nehal Samir

Misr Chemical Industries reports jump in earnings due to COVID-19

The company posted profits of EGP 26m for the two-month period over…

Alyaa Stohy

Al Mahsamma project wins Best Recycling and Reuse Water Project 2020

Water is human right, essential to work on projects that achieve water…

Shaimaa Al-Aees

BP sells petrochemical business to Ineos for $5bn

BP’s petrochemical business is focused on two major operations, aromatics and acetyls.…

Mohamed Farag

Emirates reopens 4 flight routes increasing network to over 50 cities in July

This will bring its network to 52 destinations in July, offering travellers…

Daily News Egypt

Edita subsidiary obtains MAD 80m from Arab Bank – Morocco

Company’s Morocco factory will start operations by beginning of 2021, says Shams…

Alyaa Stohy