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

Ride-hailing company Uber logs huge annual loss

Uber has booked massive full-year losses, a technology site has reported. The…

Deutsche Welle

Jumeirah Real Estate markets Jumeirah Golf project in Egypt, expects AED 1bn sales

Company marketed about 60% of units, Egyptian clients purchased about 11% of…

Shaimaa Al-Aees

Lower interest rate, expiry of higher certificates to revive real estate sector in H2 2018

Most cash flow available after expiration will be pumped as investment in…

Shaimaa Al-Aees

Agreement between Petroleum Ministry, BHGE to market petroleum exploration

Minister of Petroleum and Mineral Resources Tarek El-Molla signed a cooperation agreement…

Daily News Egypt

Zohr field to save Egypt $4bn by end-2019

Production of Nooros gas field estimated at 1.2bn cubic feet per day;…

Nehal Samir

Egypt’s petroleum minister meets Algerian counterpart to improve bilateral cooperation

Minister of Petroleum Tarek El-Molla met with his Algerian counterpart Mustapha Guitouni…

Mohamed Samir

Hilton aims to add 3,000 new rooms in 4 years

Hilton Egypt’s indicators doubled in comparison to the previous year 

Abdel Razek Al-Shuwekhi

ABE, SMEDA sign EGP 40m deal to finance women projects 

60% of deal's value allocated to women below poverty line

Hossam Mounir

Finance Ministry prepares to replace stamp duties with capital gains tax on stock market transactions 

Plan to automate all taxation operations within 3 years, terminating paperwork

Nevine Kamel

Local, foreign financial institutions offer $1.213bn investments in Egyptian T-bills

Highest interest in tender amounted to 3.30%, lowest recorded 3.25%, with average…

Hossam Mounir