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

Turkish economy logs rapid growth

The Turkish economy is recovering faster than expected by most analysts, fresh…

Deutsche Welle

New controls will lead 30% of importers to exit market: businessmen

Restricted policies may decrease the import bill by $2bn by the end…

Shaimaa Al-Aees

Dabaa nuclear plant contracts on Al-Sisi’s desk next week

Government agreed with Russia on depleted fuel stores, technical support contracts

Mohamed Farag

Finance Ministry prohibits exporting leather before inspection by GOEIC

The decision aims to regulate the export of leather and prevent manipulation…

Daily News Egypt

15 contracts ratified for investing in the SCZone: worth nearly EGP 1bn

Companies include Siemens, Mediterranean Fertilizers Company and El Mahaba for Packaging and…

Mohamed Ayyad

Elmenus closes Series A funding round with USD 1.5m from Algebra Ventures

Prior to the Algebra investment, Elmenus had raised only $60,000 in outside…

Elsayed Solyman

Inflation likely to resume rally if government delivers on next round of austerity measures

Research houses expects prices to shoot up again with applying subsidy cuts…

Elsayed Solyman

Increase in stamp and tax collections in next budget: government source

Recent increases reduce the budget deficit and contribute to the control of…

Mohamed Ayyad

Endowments Authority aims to increase revenues to EGP 1.5bn in FY 2017/2018

The ministry studies to establish service, recreational, and commercial projects, says Abdel…

Aisha Zidane