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

US Senate nixes Trump’s ZTE deal

Shares of Chinese telecom equipment maker ZTE have plummeted after the US…

Deutsche Welle

Currency devaluation, reform open new chapters for trade: HSBC

Pound floatation in 2017 contributed to bridging trade deficit, as exports improved

Hossam Mounir

Breakthrough in wind feed-in tariff projects

Cabinet agrees in principle to implementation of stations on BOO scheme

Mohamed Farag

IMF likely to approve Egypt’s third review on 27 June

Approval enables authorities to receive $2bn 

Hagar Omran

Businesspersons Association demands government raises price of sugar cane supply to reach EGP 1,200 per tonne

The Businesspersons Association for Investment and Manufacturing has demanded the government to…

Shaimaa Al-Aees

Daily gas production up by 1.5bn scf/day: Petroleum Ministry

The Ministry of Petroleum announced that the total daily added production of…

Mohamed Farag

Google invests in Alibaba rival JD.com

US internet behemoth Google has announced it's investing half a billion dollars…

Deutsche Welle

As US, UK ‘retail apocalypse’ deepens, EU chains grow nervous

The amount of US retail space lost in 2018 is expected to…

Deutsche Welle

25-30% increase in real estate prices after fuel price hikes

Member of the board of directors of the Egyptian Federation for Construction…

Shaimaa Al-Aees

Government reduces fuel subsides by 16-66%, raises gasoline 92 to EGP 6.75

The Egyptian authorities decided to go ahead with hikes to subsidised government-set…

Mohamed Samir