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

Government and private agencies overdue electricity bills amount to EGP 30bn

Prime Minister gives directives to cut off electricity from late agencies

Mohamed Farag

Citizens will pay actual fuel price in FY 2018/19 compared to 85% in FY 2017/18: MP

MP Talaat Khalil demanded the dismissal of government for wasting EGP 500m…

Abdel Razek Al-Shuwekhi

Siemens to press criminal charges as Russian-bound turbines head to Crimea

Siemens will open charges on the "responsible individuals" who shipped turbines to…

Deutsche Welle

Car sales fell by 45% in May 

Expectations of further decline in sales due to increase in interest rate

Ahmed Amer

Car prices unchanged in July except Hyundai, Nissan, Chery

Car companies maintained their prices in July, except Hyundai, Nissan, and Chery.…

Ahmed Amer

Germany’s Schäuble wants review of EU finance rules

At a meeting of European finance ministers, Germany warns that eurozone banking…

Deutsche Welle

IFC invests $26.2bn in funding startups across MENA region

The International Finance Corporation (IFC), which recently took part in the $2.5m…

Daily News Egypt

Dieselgate: Porsche employees now under investigation

Employees of the German luxury car maker Porsche are now being eyed…

Deutsche Welle

VictoryLink affirms more marketers implementing mobile advertising into budgets

72% of global companies use location-based mobile targeting

Daily News Egypt

Construction companies face significant losses due to delayed compensation: Egyptian Federation for Construction

Construction companies have been waiting for the payment of compensation for more…

Shaimaa Al-Aees