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

Oil prices slightly regain ground, Brent reaches $64.93 per barrel

Price recovery backed by supply tightening, future disruptions due to Gulf tensions,…

Mohamed Samir

NBE’s mortgage finance portfolio exceeds EGP 7bn end-June

CBE’s initiative beneficiaries reach 68,000 this June, up from 38,000 in June…

Hossam Mounir

Egyptians brace for rising prices due to fuel subsidy cuts

Egyptians are bracing for higher prices despite recent declines in food prices…

Daily News Egypt

Iran’s navy tows foreign oil tanker with technical failure in Arab Gulf

Mousavi did not name tanker, saying more information to be disclosed later

Daily News Egypt

IMF likely to approve final $2bn of Egypt’s loan next Wednesday

The IMF’s board approval of  fifth review will allow Egypt to receive…

Hagar Omran

EU to launch €20m energy project in Egypt

Union to announce financial support for EMGF next week, says Surkoš

Hagar Omran

Egypt’s GDP grows 5.6%, budget deficit registers 8.2% in FY 2018/19

The ongoing fiscal reforms managed to reduce the budget deficit to 8.2%…

Daily News Egypt

Russia’s Optical Museum: a blend of education and entertainment

We dream to prepare OptoClones from best treasures in international museums, says…

Mohammed El-Said

EBRD, CBE discuss offering new banking products for Egypt’s private sector

Locally operating banks receive 25% of EBRD funding portfolio in Egypt, says…

Hagar Omran

Prices soar in Egypt, but people find ways to cope

In Egypt, economic challenges since 2016 forced the people to adapt to…

Bassant Mohammed