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

COLNN closes a SEED round of $100K from EdVentures

COLNN’s services include web cloud-based solutions to schools and an integrated mobile…

Daily News Egypt

Hero MEA establishes solar power station to ration electricity consumption

Corporation invested about 75% of project’s total cost, says Bazan

Daily News Egypt

NBE SME’s portfolio reaches EGP 65bn end-June

Bank opens 1st specialised centres in business development services in Al-Yasmeen branch

Hossam Mounir

Banks’ credit facilities see EGP 242.6bn rise in 10 months: CBE

Deposits up by EGP 1bn only as non-governmental deposits drop

Hossam Mounir

Government debt to GDP in Egypt declines to 91% in Q1 of 2019 y-o-y: IIF

The state’s household debt to the GDP slightly decreased to 7.2% in…

Daily News Egypt

Transport Minister meets US Chargé d’Affaires in Cairo on improving transport sector

Officials of the ministry and the head of Egyptian National Railways also…

Daily News Egypt

Electricity Ministry to launch solar projects under auction scheme in Zaafarana

The New and Renewable Energy Authority (NREA) has restored the land plots…

Mohamed Farag

Foreign investments in Egyptian T-bills up by EGP 10.8bn in May 2019

Foreign investment in T-Bills reached about $11bn before 25 January 2011, but…

Hossam Mounir

Egypt’s GDP growth shifting from historical consumption drivers to investment, net exports: WB

Egypt’s GDP grew robustly by 5.3% in FY 2017/18 compared to 4.2%…

Hagar Omran

EGPC forecasted net profit fell to EGP 21.4bn in FY 2019/20, down 30%

Profit targets were set based on minimum oil, gas production, say sources

Abdel Razek Al-Shuwekhi