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

COVID-19 threatens Egypt’s 2020 GDP growth: EBRD

Economy will see rebound of 5.2% in 2021, following sharp decline in…

Daily News Egypt

CBE’s Monetary Policy Committee convenes to decide on interest rates

Maintaining local currency attractive amid economic uncertainty due to Covid-19 crisis suggests…

Hossam Mounir

Oil prices climb after Saudi Arabia pledges further output cuts

Oil prices have recently been boosted not only by hopes that demand…

Xinhua

Edita reports revenues of EGP 83m in Q1 of 2020

Company's factory in Morocco will be inaugurated by year end, says Shams…

Alyaa Stohy

Silk Road Fund becomes 49% shareholder in ACWA Power

Deal confirms strength of economic relations between Saudi Arabia and China, says…

Mohamed Farag

Moody’s confirms Egypt’s B2 rating, outlook stable: Finance Minister

Government economic, monetary and financial reforms have provided solidity and flexibility

Daily News Egypt

Banque du Caire, EIB sign $100m loan agreement to finance SMEs

Fayed also emphasised that Banque du Caire’s keenness to boost and diversify…

Daily News Egypt

EETC, El-Sewedy Electric sign contract for EGP 120m aerial line

Contract will see construction of 20km, 500 kV line as part of…

Mohamed Farag

EGX closes at highest level of 10,500 points buoyed by local purchases

EGX30 tests 10,800-11,000 points level in remaining sessions of Ramadan, says Lotfy

Alyaa Stohy

Ora Developers, Orascom, Banque Misr partner on ZED Sheikh Zayed construction

Construction to be completed in three years, first phase units to be…

Alyaa Stohy