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

Increased max ratio of loan premiums increases bank profits, may affect asset quality: Beltone

CIB, QNB, Credit Agricole, and ADIB are the main beneficiaries of the…

Hossam Mounir

Egypt’s budget deficit rose to 2.1% of GDP in Q1 of current FY:MOF

The report attributed this slight increase in the budget’s deficit to the…

Nehal Samir

Banque Misr leads a banking consortium to provide EGP 2.9bn syndicated loan for Beshay Steel

 The loan will finance inventory needed to operate ESISCO production lines

Daily News Egypt

EBRD appoints Heike Harmgart as new MD for SEMED region

Replacing Janet Heckman, Harmgart to take over her post on 1 January

Hagar Omran

High Dam electricity output reaches 1,750MW due to periodic maintenance

Overhauling two 350MW units, programme to be completed in May 2020

Mohamed Farag

EGAS to add 3.2bn scf/day to local gas production by mid-2022

15 gas field development projects targeted within next three years: Source

Mohamed Adel

Italy, Egypt’s business relations strengthen despite political differences

Regeni’s murder case still on top agenda in four high level presidential…

Hagar Omran

Beta Egypt collaborates with Schneider to provide smart home services at Beta Greens

Chairperson of Beta Egypt Alaa Fekri pointed out that Schneider Electric will…

Shaimaa Al-Aees

City Edge signs three MoUs for facility management, retail marketing, entertainment services in New Alamein

Established as a partnership between the New Urban Communities Authority and the…

Shaimaa Al-Aees