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

Obour City Authority invests EGP 1.2bn in development during FY 2019/20

Upcoming fiscal year will see EGP 700m invested in residential projects, in…

Shaimaa Al-Aees

New Cairo investment plan stands at EGP 4bn in FY 2020/21: city authority

All precautionary measures undertaken at project sites to preserve health and safety…

Shaimaa Al-Aees

Standalone villas at SODIC’s VYE project sell out in 48 hours

The all-new 4-in-1 villa delivers on four main criteria usually only available…

Daily News Egypt

Shifting customer requirements will change property products post-COVID-19: Developers

Hotels can capitalise on their layout, location to provide alternative workspace for…

Shaimaa Al-Aees

CBE confirms financial soundness of banks operating in Egypt

Banking sector’s financial position reaches EGP 6.165trn, capital adequacy ratio increases to…

Hossam Mounir

Public transport companies complain financial losses, halt in business

Companies highlight lack of facilities given state-imposed restrictions, precautionary measures

Mohamed Alaa El-Din

Edita to revise 2019/20 capex budget to cover key projects

Despite slashing capex budget to EGP 650m from EGP 790m, management optimistic…

Alyaa Stohy

World Bank praises Egypt’s reducing new electricity connection timeframe to 18 days

Electricity Ministry has programme to replace overhead cables with ground cables

Mohamed Farag

IMF approves immediate disbursement of $2bn under Egypt’s $5.2bn SBA loan

Remainder of SBA loan will be phased over two reviews

Nehal Samir

Planning Minister meets senior ILO official to discuss cooperation programmes

During the meeting on Saturday, El-Said covered proposals to amend Egypt’s labour…

Daily News Egypt