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

EPROM receives two offers to operate, maintain projects in Iraq, Kuwait

Egyptian Projects Operation and Maintenance (EPROM) received two offers to operate natural…

Mohamed Farag

SMEDA financed SMEs with EGP 16.7bn during Al-Sisi’s first term

Projects funded since president assumed office account for 50% of total funding…

Hossam Mounir

Kabil participates in 10th UFM trade ministers meeting 

Minister of Trade and Industry Tarek Kabil announced in a press statement…

Daily News Egypt

Moody’s ranks Egypt’s 1st movable collateral registry as credit positive for banks

Moody’s Investors Service announced on Sunday that Egypt’s first movable collateral registry,…

Mohamed Samir

Prepaid electricity proceeds reached EGP 367m in February

Plan in place to replace mechanical metres to overcome accumulation of debts,…

Mohamed Farag

0.5% increase in government vehicles in 2016/2017: CAPMAS

The number of vehicles owned by governmental companies and public transport authorities…

Daily News Egypt

United Bank introduces credit rating service for SMEs in cooperation with I-Score

United Bank, I-Score play economically important complementary role, affirms El Kady

Daily News Egypt

4.712m credit cards in Egypt by end-2017: CBE

Top 5 Egyptian banks account for more than 96% of POS, 69.48%…

Hossam Mounir

Non-performing loans fell to 4.9% of loans at end-2017: CBE

Banks allocated EGP 109.979bn to face NPLs, including EGP 68.175bn by top…

Hossam Mounir

CI Capital announces plans for IPO by Q2 2018 as it mulls expansion

Company will use proceeds to expand existing businesses

Daily News Egypt