Latest Business News
FA Group Financial Consulting contracts with Prospect Capital to promote and fund projects in health, education and energy in Egypt
The Egyptian Financial Advisory Group (FA Group) signed a memorandum of understanding…
Electricity Ministry negotiates with 7 companies to provide 250,000 smart electricity metres
The chosen companies are expected to be announced by the end of…
Health Ministry, pharmaceutical companies agree to increase prices of 15% of local, 20% of imported medications
The increases will be 50% on medications priced less than EGP 50,…
8.4% increase in manufacturing index during October: CAPMAS
The manufacturing index (without crude oil and petroleum products) increased to 128.7…
Egypt to receive 2nd tranche of African Development Bank loan
On Monday, the Minister of International Cooperation Sahar Nasr signed an agreement…
Electrolux Egypt raised prices by 20-25% after flotation
Local components in heaters increased from 70% to 90%
US dollar surpasses EGP 19 at CBE to hit highest rates since flotation
The US dollar price at the Central Bank of Egypt (CBE) and…
Careem becomes MENA’s second unicorn, raises $350m
Ride-hailing app Careem announced closing an initial investment round of $350m,…
EGPC poses tender to replace Aramco fuel shipments in January
The Egyptian General Petroleum Corporation is set to pose a tender to…
Siemens to test 4 units of Beni Suef power plant next week
The German company Siemens will conduct test runs on four electricity production…