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

Strong yen eats into Toyota profits

Toyota's bottom-line profit has taken a dive in the first half of…

Deutsche Welle

Will pound’s flotation smooth the path for cars or take them in opposite direction?

In the wake of the Central Bank of Egypt’s (CBE) decision to…

Ahmed Dawoud

Flotation supports economy, but unfavourable for auto sector: Egyptian Automotive Dealers Association chairperson

Osama Aboul Maged, the chairperson of the Egyptian Automotive Dealers Association, praised…

Ahmed Dawoud

China trade activity slows amid sluggish demand

China's exports and imports have fallen more than expected by analysts, fresh…

Deutsche Welle

Car companies halt sales to reprice in wake of CBE decision

Car companies halted their sales processes to review prices after the Central…

Ahmed Amer

BASF in firing line for legal, but immoral tax deals

German chemicals giant BASF has applied aggressive tax strategies to avoid paying…

Deutsche Welle

Contracting companies raise civil works fees for renewable energy investors by 100%

Investors re-examine the feasibility of feed-in tariff projects after floating the pound

Mohamed Farag

Private banks move to protect their deposits after governmental banks raise interest rate to 20%

Banks issue new savings certificates at high interest rates; others increased return…

Hossam Mounir

Pound liberalisation, high interest rate credit positive for banks: Moody’s

The increase in benchmark rates will support banks’ profitability, says the credit…

Shaimaa Al-Aees

EETC signs for $757 loan with Export-Import Bank of China

Chinese State Grid to establish 1,210 km-long lines, government guarantee to be…

Mohamed Farag