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

EGP 4trn pumped into Egypt’s infrastructure

Annual increase in population is 3 million citizens, expected to reach 150…

Shaimaa Al-Aees

CBE selects EFG Hermes-Evercore alliance as advisor for United Bank’s equity stake offering

According to the CBE’s Sunday statement, they selected the duo out of…

Hossam Mounir

Egypt’s petroleum products, gas consumption up to 92.4m tonnes in FY 2019/20: source

Domestic fuel needs increase by 4% annually, according to sources

Mohamed Adel

EHA to add 8,000 hotel rooms across Egypt early 2020 with $800m investments

30% hike in the winter season’s reservations compared last year’s winter season,…

Nehal Samir

FDI in Egypt: where does it stand and where is it heading?

FDIs declined 24% to $5,9bn in FY 2018/19, from $7,7bn in FY…

Doaa Elboraie

Elon Musk’s net worth drops $768m in one day after Cybertruck’s failed stunt 

The revolutionary design looks different from any pickup truck ever released. Cybertruck’s…

Daily News Egypt

EGL completes Cairo West Power Station Project

Additionally, the company revealed that they have completed the delivery of accessories and containers…

Daily News Egypt

Communications, Finance Ministry discuss equipping infrastructure to implement “one-stop shop” system

This aims to ensure the sustainability of the quality of performance, speed,…

Mohamed Alaa El-Din

Egypt, Noble Energy sign two $430m deals 

Deals include natural gas transmission through EMG pipeline, petroleum products manufacturing

Daily News Egypt

Chaudhary Group seeks to  invest in Egypt’s tourism sector, especially in Cairo

The group’s Managing Director Nirvana Chaudhary stated that the group pays a…

Nehal Samir