Latest Business News
Anticipated governmental increase in metro ticket price sparks discontent
Metro monthly losses stand at EGP 25m but ticket price will not…
Banks loosen restrictions on US dollars abroad after foreign exchange resources improve following pound flotation
Banks operating in the local market have begun to ease restrictions set…
Industry and Trade Ministry holds meeting with concerned ministries to study new costs of transporting food products
Industry and Trade Minister Tarek Kabil was commissioned by the prime…
Arab Angel Fund raises $10m to achieve first close on its $25m AAFI
The AAFI will accept additional subscriptions from new limited partners until the…
International Cooperation Ministry holds meetings with European officials to look into development projects
Minister of International Cooperation Sahar Nasr met on Sunday with Stephanie La…
Communications Ministry receives 5 requests to establish electronic, battery factories in new technological areas
Factories will be established in partnership with the government, represented in joint…
EGX continues heading north in 3rd session after pound flotation, recording highest rates since 2010
The Egyptian Exchange (EGX) closed on Monday on high rises in the…
Ferrari boasts rising sales and profit
Italian luxury sports carmaker Ferrari has reported strong third-quarter results despite a…
CBE dollar price rises to EGP 16.38 for buying, EGP 17.23 for selling, jumps to EGP 17.5 in banks on 5th day of pound flotation
The price of the US dollar at the Central Bank of Egypt…
Deficit in trade balance down by 3.1% in August: CAPMAS
During August, the deficit in the trade balance recorded EGP 37.8bn, compared…
