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

Egypt’s fuel subsidy reform is credit positive, reducing fuel subsidy bill to 1.7% of GDP in 2019: Moody’s

Subsidy reform adjustment led to declining purchasing power, yet a brightening economic…

Mohamed Samir

€5.8bn size of trade exchange between Egypt, Germany in 2017

German investments in Egypt amounted to €641m in 1,080 projects

Shaimaa Al-Aees

1,784 new companies established in May with issued capital of EGP 4.3bn: Investment Ministry

The Ministry of Investment and International Cooperation said that the number of…

Shaimaa Al-Aees

UAE’s Mubadala buys 10% of Zohr field

The Ministry of Petroleum signed a final agreement to sell 10% of…

Daily News Egypt

Egypt and Saudi Arabia postpone interconnection agreements indefinitely

Egypt and Saudi Arabia have again postponed awarding the tender for the…

Mohamed Farag

Middle East IPO value falls, but expected to pick up in H2 2018: Baker McKenzie

Region`s IPO activity slows, geopolitics weigh on IPOs, but cross-border deals jump,…

Daily News Egypt

Second phase of Sakan Misr project sells 6,650 conditions booklets in 17 days: NUCA deputy chairperson

The deputy chairperson of the New Urban Communities Authority for Real Estate…

Daily News Egypt

105.5% increase in Egypt’s exports to US in 2017: CAPMAS

The value of Egyptian exports to United States reached EGP 23.6bn in…

Hossam Mounir

Industry minister invites Sudanese counterpart to visit Egypt

Two countries prepare for joint Egyptian-Sudanese trade committee meetings

Shaimaa Al-Aees

Turkey strikes back at higher US tariffs

Turkey is imposing higher tariffs on about 20 US products ranging from…

Deutsche Welle