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

Losses continue to rack GM’s Opel

Despite intense efforts to turn a profit, Opel has yet to come…

Deutsche Welle

XD-Egemac implements 80% of electricity transformer stations in Banban

The company received EGP 447m and projects are to be operational within…

Mohamed Farag

Young man reportedly killed near Al-Arish due to reckless shooting

Two other civilians were injured in the same shooting while one conscript…

Daily News Egypt

CBE launches initiative to renovate floating hotels and tourism fleets with EGP 5bn, 10% interest

The Central Bank of Egypt (CBE) launched an initiative to subsidise the…

Hossam Mounir

Banks operating in Egypt record EGP 56bn net profits in 2016: CBE

The Egyptian banking sector is powerful and capable of overcoming the effects…

Hossam Mounir

Industry ministry establishes Export Development Center, including EITP

Head of the centre and his deputies to be appointed, forming the…

Daily News Egypt

Egypt aims to import LNG shipments in 2018

Egypt is planning to import between 100 and 108 cargoes of liquefied…

Farida Ismail

CAPMAS predicts one degree Celsius rise in temperature will lead to 18.2% decline in wheat productivity 

In its most recent study on strategic crops in Egypt, the Central…

Hossam Mounir

Beltone delineates Egypt’s economy over the coming 5 years

Beltone Financial issued its annual report covering the Egyptian economy, titled “the…

Daily News Egypt

Careem targets 30% month-on-month growth in business size in Egypt during 2017

Careem Egypt aims to achieve a 30% month-on-month growth rate in the…

Mohamed Alaa El-Din