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

Ajna Developments invests EGP 3bn in Ain Sokhna’s Carnelia project

Ajna to invest EGP 15bn over next 5 years in projects in…

Shaimaa Al-Aees

EETC contracts with Elmako Pty Ltd, El Sewedy to add 101 transformers for EGP 656m

Mashaly added that the total cost of the contract amounts to EGP…

Mohamed Farag

IDB to increase mortgage finance to low-income customers to EGP 1.5bn

The financing is offered at 5% and 7% interest rates, as part…

Hossam Mounir

Oil prices plunged to $59.12 per barrel on the back of increased US stockpiles

Decline in global demand for oil threatens to OPEC's plans to cut…

Mohamed Adel

Egypt sets waste-to-energy purchasing tariff at EGP 1.4 per kw/h

Earlier, Daily News Egypt reported that several government agencies will share in…

Mohamed Farag

Factories and companies turn to solar energy to reduce electricity bills

Infinity Solar aims to launch 200 MW power plants, sell power to…

Mohamed Farag

Enara Capital launches 800 MW renewable power plants in five years

The company has completed the implementation of three projects in Aswan with…

Mohamed Farag

Egypt’s current account deficit to reach 2.5%of GDP in FY20,inflation to continue downward path : Fitch Solutions

Fitch forecasts Egypt's GDP growth to average 4.5% y-o-y to 2028, from…

Nehal Samir

Chery Egypt introduces new modified Tiggo 3 at a very competitive price

Projection-type black headlamps are imposing and elegant, characterized by multilayered inner divisions.…

Yara El-ganiny

Chinese cars receive hard hit after Egypt removes custom duties on Turkish cars

Chinese cars assembly in Egypt is a lifeline before custom exemptions negatively…

Zamzam Mostafa