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 issues decision to import used electric cars

Minister of Trade and Industry Tarek Kabil issued a decree to allow…

Daily News Egypt

Egypt to establish free zone in Nuweiba on 226 feddans  

The Egyptian Cabinet approved at its weekly meeting, chaired by Sherif Ismail,…

Daily News Egypt

EGP 942bn investments in government’s development plan for FY 2018/19

The government’s economic and social development plan for fiscal year (FY) 2018/19…

Mohamed Samir

Egypt’s current account deficit dropped 64% to $3.4bn in H1 FY 2017/18

Improvement was backed by 5% GDP growth in 2017—highest on record since…

Mohamed Samir

Banks begin intensive discussions to review interest rates on loans, deposits after CBE cut them

BM considering fate of 17% certificates, other savings vessels, says El-Damaty

Hossam Mounir

Banque du Caire hires Temenos to develop its banking information systems

Bank investing in human, technological capabilities to provide innovative banking, says Fayed

Daily News Egypt

NBE, Visa, e-finance sign partnership to push cashless society

Helwan University to become first university in Egypt with pillars of financial…

Daily News Egypt

BLOM Bank Egypt injects EGP 300m to raise capital to EGP 2bn

Successes achieved by bank in Egypt reflects prosperity of Egyptian economy, says…

Hossam Mounir

UNB-E eyes 5% market share in Egypt within 8 years: chairperson

Bank keen to contribute to major projects that strengthen Egyptian economy through…

Hossam Mounir

CBE cuts interest rates 100 bps for 2nd time in 2018

The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) decided to…

Hossam Mounir