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

EETC to sign power purchase agreement with Siemens Gamesa within weeks

German company to build 500MW wind farms in Egypt, Japanese institutions to…

Mohamed Farag

Egypt’s new banking draft law: opportunities and challenges

New law reinforces the independence of the CBE and banks’ boards of…

Hossam Mounir

Pharos expects inflation should end 2019 with an average of 8.9% YoY

Naeem: the inflation reading adds further room to the CBE to continue…

Alyaa Stohy

Further opportunity to cut interest rate by 50-100 points on 14 November: Beltone

Inflation recorded positive increase in September, lower than our expectations

Hossam Mounir

Lower inflation and interest rates herald green week on EGX

Market lack of response to lower operating costs and lower gas and…

Alyaa Stohy

Egypt imposes 25% tariff on steel rebar, 16% on iron billets for three years

Since the beginning of this year, Egypt’s iron industry has been subjected…

Mohamed Samir

Egypt to impose quality control on solar equipment importers starting 23 October

Importers to conduct product testing at NREA for maximum EGP 40,000 per…

Mohamed Farag

EGP300m, development cost of Sharm Dreams, Fayrouz Resorts: Abo El Enein

Development period will take between a year and a year and half,…

Nehal Samir

Jaz Hotel Group to add 4 hotels to its management hotels in six months: CEO

The group's occupancy sees 18% hike in 9 months, says Akel

Nehal Samir

Gas exports fell to 100m scf/day due to low global prices

Egypt poised to achieve surplus of production after meeting the needs of…

Mohamed Adel