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

DNE News Brief: 17 December 2016

https://youtu.be/mP9irHLE82k

Daily News Egypt

213 ships transit the Suez Canal in 5 days carrying 12m tonnes

Suez Canal traffic data showed that 213 ships transited the canal, with…

Mohamed Ahmed

Government proposes new draft law liberalising the natural gas sector

Despite efforts to liberalise the natural gas sector dating back to the…

Mohamed Samir

Algebra Ventures aims to increase its investment portfolio to $50m-$60m

The fund works to reduce the financing gap of start-ups, says Asaad

Mohamed Alaa El-Din

EGP 747.92bn total outstanding balances of local treasury bonds as of end of October 2016: Finance Ministry

The size of outstanding balances of treasury bonds in Egyptian pounds owed…

Hossam Mounir

Government denies potential increase in fertiliser costs

Increasing the cost of agricultural fertilisers at this moment in time would…

Hisham Salah

Electricity Ministry contracts with 4 companies to supply 1m pre-paid electricity metres

El Sewedy Electrometer, Iskraemeco,  Globaltronics, and Maasara begin the procedures to supply…

Mohamed Farag

Eni agrees to export part of Shorouk concession

Arbitration case worth $8bn will be waived as soon as exporting begins

Mohamed Adel