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 budget deficit drops 1.6% in FY 2016/17

“Egypt`s budget deficit dropped to 10.9% of GDP instead of 12.5% during…

Nihal Mounir

MSMEs Development Authority supports projects of young inventors

Authority pays particular attention to the financing of industrial projects and provides…

Hossam Mounir

The government and ACWA POWER are considering power station in Luxor worth $2.5bn

The government and ACWA POWER are considering power station in Luxor worth…

Mohamed Farag

Madinet Nasr for Housing & Development posts 246% hike in H1 net profit

Delivered units totalled 146 units in H1 2017, EGP 2.5bn in contracted…

Elsayed Solyman

Misr for Sound, Light expects 10-15% revenues growth in H2 of 2017/18

The ticket offers will contribute to increasing the company's revenue growth and…

Daily News Egypt

Military Factory 54 supplies equipment to build Algerian agricultural recycling plant 

Al Maadi Company for Engineering Industries signed a contract the Algerian company…

Hossam Mounir

$18bn decrease in trade deficit within 18 months, intention to reduce by 50% by 2020

Industry Ministry aims at increasing the contribution of industrial production to GDP…

Shaimaa Al-Aees

Foreign oil companies invested $8.1bn in Egypt in the last fiscal year

Investments are more than before by $2.2bn, up by 23%

Mohamed Ayyad

Google decides to retire YouTube editor, enhancements to stay

Effective 20 September 2017, YouTube’s web-based video editor will be taken offline,…

Daily News Egypt

First goals of Egypt economy reform plan have been met, says BNP Paribas

A research note expects 2017 to be a transition year for the…

Elsayed Solyman