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

Lekela reaches financial close for its 1st wind farm in Egypt

Project to reduce more than 550,000 tonnes of carbon dioxide emissions per…

Daily News Egypt

Hilton, Alshaya Group partner to develop 70 Hampton by Hilton Hotels

With the first hotel expected to open in Kuwait in 2021, Alshaya…

Daily News Egypt

EFG Hermes net profits up 49% y-o-y to record EGP 304m in 2Q19

The company achieved revenues of EGP 1.1bn, reflecting a 13% y-o-y increase…

Daily News Egypt

MNHD revenues record EGP 1.089bn in 1H 2019

Despite the strategic postponement of new launches in Taj City to the…

Daily News Egypt

Egypt’s headline inflation drops to 4-year low of 8.7%, core inflation retreats to 5.9%  in July

The announcement defied analyst expectations, as in July the Egyptian authorities decided…

Mohamed Samir

Match Group acquires matchmacking Harmonica app

Match Group announced that it acquired Cairo-based Harmonica, a matchmaking application.

Daily News Egypt

El Shams Housing  to start construction of Solana project in NAC end-August

Project will be self-financed by EGP 3.4bn from the company's liquidity and…

Alyaa Stohy

Palm Hills debuts Mazeej Hotel on 4,000sqm in North Coast

The hotel is a collaboration with Palm Hills Developments and G’nK Hospitality…

Daily News Egypt

RG Investment merged into GB Auto as part of restructuring

GB Auto revenues fell 6.3% y-o-y to EGP 5.65bn in 2Q19, with…

Alyaa Stohy

Suez Canal revenues hike by 5.4% to reach $5.9bn in FY2018/19

Mamish revealed in a press conference on Tuesday evening that $25bn was…

Daily News Egypt