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

We annually invest about $17bn in region: WB’s vice president for Africa

African countries recommended to heavily invest in infrastructure, energy, ICT

Hagar Omran

Giza Spinning, Weaving aims to float 40% of capital in H2 November

Partial exit of major shareholders, capital increase to finance retail activities

Selim Hassan

Egyptians bought five tonnes of gold jewellery within three months: World Gold Council’s report

Iran, Turkey leading decline in jewellery demand in Middle East, states report

Nehal Samir

ABK-Egypt net profits register EGP 251m in H1 2018

Egyptian economy received wide international praise, reflected positively on banking market, says…

Hossam Mounir

Pharos concludes Mondi’s acquisition of 94.34% of Suez Bags’ required shares

Pharos Securities Brokerage announced the successful acquisition of 94.34% of the required…

Daily News Egypt

ACWA Power offers discounts to capture Kom Ombo solar station tender

Company offered lowest price per kilowatt hour in tender at 2.75 cents

Mohamed Farag

Authorities recommended to regularly assess implementation of IPOs: IMF executive director

Egypt should detain regular reforms regardless of IMF-supported programme

Daily News Egypt

Egyptian government to accelerate implementation of public offerings programme: finance minister

Authorities determined to carry forward implementation of economic reforms

Hagar Omran

Sharm El-Sheikh Insurance, Reinsurance Rendezvous to kick off 28 October

IFE coordinates with Egyptian Tourism Authority to exploit conference for promoting tourism…

Nehal Samir

Foreign Currencies in FX reserves up by $2.13bn in July, CBE

SDRs down by $1.017bn, gold in reserves drop by $54m

Hossam Mounir