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

Annual core inflation slows to 1.5% in May: CBE

Last month’s inflation reading below expectations, so interest rates may remain fixed…

Hossam Mounir

MCIT amends executive regulations for e-signature law

Citizens will use e-signatures in government transactions, including updating and revising data,…

Mohamed Alaa El-Din

Egypt’s improved governance, policy effectiveness shore up COVID-19 resilience: Moody’s

Moody’s expects general government debt/GDP ratio will temporarily rise to 85% in…

Shaimaa Al-Aees

Egypt’s annual urban inflation falls to 4.7% in May: CAPMAS

CAPMAS explained that the consumer price index (CPI) totalled 107.7 points in…

Hossam Mounir

Sika completes 99% acquisition of Bitumode with Pharos as sell-side financial advisor

Deal confirms the confidence of foreign investors in the feasibility of investing…

Alyaa Stohy

Egypt raises electricity prices, phasing out remaining subsidies over 3 years

Household electricity prices increase by an average of 19.1%

Shaimaa Al-Aees

Egypt’s GDP growth forecast at 3% in FY 2019/2020: World Bank

Real economic growth would hit 5% during Q3 of FY 2019/2020, says…

Shaimaa Al-Aees

Communication Ministry, AWS partner on AI, data science training

Talaat’s announcement came during an online press conference held with the participation…

Mohamed Alaa El-Din

Egypt allocates EGP 8.5bn to establish 13 industrial parks for SMEs

Companies face decrease in labour-supply due to ongoing COVID-19 circumstances

Daily News Egypt

Banque Misr arranges EGP 1.5bn loan to finance Damietta Furniture City

Project aims to establish integrated industrial city that includes furniture manufacturers and…

Hossam Mounir