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

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

SCZone reports EGP 9.4bn in revenues from 6 seaports

Developing power stations in partnership with industrial developers costs EGP 4.4bn, says…

Daily News Egypt

Industry Ministry finalises Alexandria’s Mergham 2 Plastics Industries Complex

MSMEDA has made EGP 10.6m worth of finance available to 13 customers,…

Shaimaa Al-Aees

Electronic tax invoicing on trial starting 30 June

Centralised system enables Egyptian Tax Authority to monitor all commercial transactions between…

Daily News Egypt

Egypt repays over $20bn worth external debts in 4 months

In statements to the Middle East News Agency (MENA), the source added…

Daily News Egypt

Egypt to borrow EGP 600bn through T-bills, T-bonds in 3 months

Finance Ministry to issue EGP 499.5bn of T-bills, EGP 100.5bn of T-bonds…

Hossam Mounir

IMF approves 12-month $5.2bn Stand-By Arrangement for Egypt

New IMF arrangement aims to help Egypt cope with the challenges posed…

Nehal Samir