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

NTRA ignores protest by mobile operators, pens stricter conditions for 4G license

The new conditions kept the 50% payment in US dollars, which was…

Daily News Egypt

Beyti targets EGP 3bn in sales by the end of 2017: CEO

Size of sales registered EGP 1.9bn so far in 2016

Abdel Razek Al-Shuwekhi

Egypt’s foreign debt in FY 2015/2016 increases by $7.7bn: CBE

The CBE announced on its website that the size of foreign debt…

Hossam Mounir

NUCA launches 13 outlets for selling goods at discounted prices in 6th of October City

Housing Ministry approved extending the period of paying debt on residential, administrative…

Daily News Egypt

Prime Minister reveals source of additional $3bn in foreign exchange reserves in September

Egypt received $2bn from Saudi Arabia and $1bn from the World Bank

Hossam Mounir

Al Nahar allocates EGP 40m for the development of 50% of its fleet beginning in 2017

We have contracted with Ghabbour to carry out necessary developments, says Abou…

Aisha Zidane

Egyptian Tourist Authority participates in TTG Rimini exhibition in Italy: official

The Italian government has not issued any warnings against citizens visiting Egypt;…

Abdel Razek Al-Shuwekhi

Progate to complete development of Mena Garden at cost of EGP 45m at end of October

Plans to start developing Mena House Hotel palace during the first quarter…

Basma Ragab

Tourism Ministry turns to German TUI group to stimulate hotels to obtain green star

We seek to grant eco-green hotels booking priorities, says energy advisor

Aisha Zidane

Egypt ranks top 5 in global FDI inflows in past 7 months: Financial Times

FDI to Egypt increased substantially, signaling that government policies to increase foreign…

Nicholas Mehling