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 expectations about pound devaluation by CBE after raising interest rates

Analysts warn about the negative impact on inflation rate if the step…

Hossam Mounir

Analysts expect EGX to overcome rise of interest rate by reaching 7,480 points

Analysts predicted that purchasing powers will be dominant during the trading session…

Mohamed Ahmed

Increasing interest rates: controlling inflation or increasing deficit and debt burden?

The government’s current debt is projected to reach 11.5% (EGP 309bn) in…

Mohamed Samir

Banks to hold meetings on Sunday on the fate of interest rates following CBE decision

Banks will watch the decision’s impact’s yield on treasury bills and bonds…

Hossam Mounir

Household sector acquires 62.68% of total deposits in banks in March

Household sector adds about $2.8bn to its foreign exchange deposits, increases its…

Hossam Mounir

International gateway revenues to TE will drop in 2017: Beltone

The launch of international gateway licences to Vodafone and Orange will threaten…

Mohamed Ahmed

Expectations of more companies issuing GDRs amid warnings of attracting liquidity from leading stocks

Investment managers say companies are seeking foreign investments through GDRs in light…

Mohamed Ahmed

Increase in interest rate threatens ability to attract investments, wastes opportunities

The deflationary policy will increase inflation and production costs will climb, says…

Mohamed Alaa El-Din

Industrial sector acquires 28% of bank loans in March

Most loans in the banking sector worldwide are granted to the industrial…

Hossam Mounir

Apple under fire over patent dispute in Beijing

A Chinese tribunal has ordered Apple Inc. to stop selling its iPhone…

Deutsche Welle