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

Proton withdraws from AMIC monthly report

The Malaysian brand Proton sold 158 cars in the first seven months…

Daily News Egypt

Hyundai dominates Korean car sales

Hyundai acquired 85.9% of the Korean automotive market sales in the first…

Daily News Egypt

Samcrete plans to expand in west, east Cairo, and the North Coast

Pyramids Heights Residences sales reach approximately EGP 800m as of September

Shaimaa Al-Aees

Member of EFCBC demands urgent floatation of Egyptian pound to avoid bankruptcy of factories

Shortage of US dollars needed to purchase raw materials threatens existing factories

Hossam Mounir

Alkan Group invests $600m into Citadel Plaza project over 5-year period

The group recently launched the construction of the administrative building in phase…

Shaimaa Al-Aees

China reviews pumping investments into Egypt’s development projects

GAFI offered investment opportunities in desalination, sewage, and power generation to China

Daily News Egypt

Cairo airport security confiscates $40,000 from Arab artist before leaving Egypt

Cairo International airport authorities confiscated $40,000 from Lebanese singer Wael Jassar on…

Hossam Mounir

Local market holds breath in anticipation of large devaluation of Egyptian pound

CBE may either offer exceptional US dollar tender or direct banks to…

Hossam Mounir

Suez Canal Authority studies collecting fees in yuan after adding it to SDR units

This move would aim to enhance the flexibility of collection

Mohamed Ahmed