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

Private Sector-Led Development in Egypt: IFC

Following the recent Investment for Africa Forum held in Egypt on November…

Daily News Egypt

Oil prices hike ahead of OPEC meeting after large production cuts expectations

Brent increased by $0.75 to $61.57, WTI up by $0.65 to $56.75

Daily News Egypt

Rameda private placement oversubscribed 1.17 fold

Egypt’s second private-sector initial public offering (IPO) of the year, revitalising the…

Daily News Egypt

Egypt to sign MoU with Dongfeng in January 2020 to manufacture EVs locally: Tawfik

The study will provide information on the investment required for replacement and…

Daily News Egypt

Egypt’s FX reserves increase by $319m in November

 Gold reserves decline, SDR countered FX hike, curbing net foreign reserves increase…

Hossam Mounir

Ministers of military production and trade meet to promote local manufacturing

Officials discussed benefiting from 4500 factories of minor and medium industries in…

Daily News Egypt

AOI implemented 600 wastewater treatment plants with EGP18bn in investments

Inauguration of 20 purification plants with capacity of 5,000-10,000 cm³/da

Daily News Egypt

Egypt signs agreement with ITFC to fund commodities imports worth $1.1bn in 2020

The funds are within the $3bn agreement framework between Egypt and ITFC…

Daily News Egypt

Egypt launches 3 initiatives to support industry, housing, and boost investments

Interest relief plan to re-operate 5,184 closed factories, industrial activities to be…

Daily News Egypt

Tamweely to disburse loans, repay instalments to customers in 4,000 post offices

Six branches of Tamweely in the post offices in Sharqia, Beni Suef,…

Shaimaa Al-Aees