Latest Business News
No increase in prices of cigarettes and oils after increasing VAT to 14%: El Monayer
Increasing VAT by 1% will have limited impact, 57 categories of goods…
Fuel prices increase construction costs by 15%
Recent economic reform decisions raised administrative expenses and profits of contracting companies…
Financial Group, EFG-Hermes acquire 26% of EGX’s transactions in H1 2017
Financial Group executed transaction of EGP 51.7bn, thanks to the Bin Rushd…
Financial Group maintains leadership among securities companies in June
Financial Group maintained its dominance over the brokerage firms in June, with…
Egypt’s top 5 banks accounted for 77.7% of total profits of banks operating in Egyptian market by end of March 2017: CBE
Total profits amounted to EGP 30.516bn at the end of first quarter…
Nonperforming loans drop to 5.7% of total loans at banks by March end: CBE
Ratio of loans to deposits in local currency rose to 40.2%, ratio…
EGP 22bn allocated to increase subsidy support from EGP 21 to EGP 50: Kojak
Social package costs total EGP 75bn: Moeit
Careem is studying new fare scheme with specified increase percentages
Following the recent fuel price increase announced by the Egyptian Cabinet on…
Mobile prices expected to hike after surge in fuel prices and VAT
Samsung mobile prices decline by 6.5%, Chinese Itel raises its prices by…
Fuel subsidy cuts emphasizes authorities’ commitment, but will add to inflation challenge: HSBC
Inflation is forecast to reach 33% in July
