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

Finance Minister announces terms of IMF loan agreement

Agreement includes passing bankruptcy law, and canceling fuel subsidies in 3-5 years

Ahmed Farahat

Egypt must achieve 7% growth rate to keep up with population growth: Meit

Increase of petroleum prices, liberalisation of exchange rate, and increase of supply…

Abdel Razek Al-Shuwekhi

EFCBC urges banks to review position of companies wishing to obtain letters of guarantee 

Daker Abdellah, member of the board of directors of the Egyptian Federation…

Hossam Mounir

Gheit El-Enab sells electricity to government for EGP 21,000 a month

Infinity Solar Systems established two solar power plants at a cost of…

Mohamed Farag

Egyptians are top Arab investors in Dubai property market after GCC nationals

Total real estate transactions in Dubai for 2016 registered at AED 259bn 

Mohamed Samir

Egypt is on right track after pound’s flotation, new investments to be injected soon: Ismail

Government expects new drug prices to have positive impact on availability of…

Mohamed Ayyad

Siemens begins pilot phase for Borollos power plant producing 1,200 MW

Commission of the Electricity Ministry to handle technical delivery from the German…

Mohamed Farag

AMOC revenues poised to grow at an average 72% annually until 2018/2019

Floating the exchange rate has boosted expected financial results of Alexandria Mineral…

Mohamed Ahmed

Amer Group restructures restaurants to keep up with consequences of pound flotation 

Company begins establishment of residential project comprising 23,000 units near Porto Marina 

Mohamed Ahmed

EGX30 targets 13,400–13,600 points this week

Technical analysts predict the EGX will continue making gains, while trading volume…

Mohamed Ahmed