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

Foreign currency deposits account for 21.73% of total bank deposits end-May

Deposit growth fell to 11.34% in May from 11.46% in April

Hossam Mounir

Egypt repaid $25bn of debt in two years: CBE

The CBE said in a recent report that these debts include $21bn…

Daily News Egypt

Museum of Egypt’s historical capitals to be established in NAC

The Supreme Council of Antiquities signed an agreement with El Massa for…

Daily News Egypt

Gold surges to $1,550/oz in 1H2019 over US-China trade war

Gold rose by EGP 115 in Egypt since the beginning of 2019,…

Walid Farouk

Al-Sisi calls for increasing Japan-Africa scientific, development cooperation

President meets Prime Minister Abe, invites Japanese companies to invest in Egypt 

Daily News Egypt

Egypt Aluminum aims to increase annual production capacity to 400k tonnes

Prospectus for replacement, development tender to be launched soon, says Investor Relations…

Alyaa Stohy

Orascom Construction reports 26.8% increase in EBITDA to $142.4m in 1H 2019

BESIX reports a standalone backlog of €4.8bn billion and new awards of…

Daily News Egypt

IDA to co-manage, develop industrial parks in 12 governorates

MSMEDA to provide necessary financing to owners of small industrial projects

Hossam Mounir

JICA to renew its TCTP with Egypt, Africa over TICAD7

Shoukry, Kitaoka likely to sign MoC in presence of President Al-Sisi, says…

Hagar Omran

Sojitz Corporation seeks to inject new investments in Egypt

Our main activity is in oil industry, we want to expand in…

Hagar Omran