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

EETC calls for 6 companies to compete over the establishment of 4 transformer stations worth $250m

The invited companies include, General Electric, Siemens, ABB, EGEMAC, Hyundai, and Hyosung

Mohamed Farag

Health Ministry moves to increase prices of some drugs against chronic diseases

List of medicines to be announced on Thursday, says spokesperson

Mohamed Ayyad

Petroleum Ministry implements 11 development projects with investments of $17.5bn

The government is also speeding up gas expedition programmes

Mohamed Adel

Bedaya Fund aims to acquire stakes in 2 companies for EGP 20m in Q1 2017

Bedaya Fund for Small- and Medium-Sized Enterprises (SMEs) aims to acquire stakes…

Mohamed Ahmed

KIMA pays Tecnomont EGP 1.3bn for planned Aswan expansion

Maher El-Abd, the head of investor relations in the Egyptian Chemical Industries…

Mohamed Ahmed

Dollar shortage crisis impacts Juhayna’s expansion agreement with Arla Foods

The worsening dollar crisis, which began in 2015 and resulted in the…

Mohamed Ahmed

Mubasher offers consulting for 3 deals worth EGP 150m

Mubasher Advisory for Securities is offering a package of financial consulting services…

Mohamed Ahmed

Hermes to cover 50% of Vortex acquisition of solar projects 

EFG-Hermes intends to play the role of initial public offering (IPO) underwriter…

Mohamed Ahmed

HDB increases number of branches to 70 

We aim to reach 100 branches by the end of 2018, Sebaey…

Hossam Mounir

QNB Al-Ahli cooperates with VISA to promote electronic payments

The bank is preparing to launch mVISA service for the first time…

Hossam Mounir