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

MCIT sets new rules for changing mobile provider with same numbers 

Old system required users to obtain prior approval from company they wanted…

Mohamed Alaa El-Din

CBE offers $500m worth T-Bills on Monday

Proceeds to cover a previous offer worth $715m issued on 11 June…

Hossam Mounir

Egypt’s new IMF loan agreement stimulates stock market

The benchmark index EGX30 closed at 11,108 points, while the EGX70 EWI…

Alyaa Stohy

New IMF loan slows down US dollar appreciation against Egyptian pound

Egypt’s foreign reserves fall to $36.0037bn in May, from $37.037bn in April,…

Hossam Mounir

Private sector increases spending on digital marketing due to COVID-19

Digital marketing seen as alternative to traditional forms especially in sectors that…

Mohamed Alaa El-Din

NBK Egypt to on-lend $100m EBRD loan to private firms needing short-term financing

Egypt, EBRD partnership responds to liquidity needs for SMEs, corporates experiencing economic…

Daily News Egypt

Manpower Ministry disburses EGP 171m emergency aid to tourism workers

Workers at 1,530 tourism establishments affected by COVID-19 receive aid to protect…

Nehal Samir

ODE stock takes hit on tourism sector projects, due to COVID-19

We expect demand in second homes segment to suffer most due to…

Daily News Egypt

Raya Foods anticipates 20% growth in upcoming 5 years

Company targets 20,000 tonnes in exports by year-end, doubling to 40,000 by…

Alyaa Stohy

ACUD to support developers in New Capital with flexible payment systems

New Capital maintains its investment attractiveness, says ACUD official

Shaimaa Al-Aees