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

EGX seeks to restore its role in financing economic growth amid economic, political challenges

The recent financial indicators clearly reflect the severe recession experienced by the…

Daily News Egypt

Stock market surpassed itself in supporting growth despite economic slowdown: EGX chairperson

Mohammed Omran, chairperson of the Egyptian Exchange (EGX), said that the stock…

Mohamed Ahmed

Two revolutions and a US dollar crisis dilute funding development dream of EGX

EGX peaked in 2008 when its market capital recorded unprecedented levels, but…

Mohamed Ahmed

4.5% increase in number of jetties in Damietta port in July

Inbound container ships decline by 3,450, compared to 2015

Mohamed Alaa El-Din

Health Ministry refuses to refer EGP 1.6bn of cigarettes tax to GAHI

The authority will not obtain EGP 5bn before the first half of…

Abdel Razek Al-Shuwekhi

EGPC paid $480m of bank instalments to EDCO

The Egyptian General Petroleum Corporation (EGPC) paid approximately $480m in bank instalments…

Mohamed Adel

Egypt’s wheat export crisis deepens after cancellation of 2nd wheat tender

Russia bans Egypt’s fruit and vegetables exports, in response to Egypt rejecting…

Mohamed Samir

CBE expected to increase interest rate by 1% on Thursday

High inflation, application of VAT would raise Egyptian pound’s interest rate by…

Hossam Mounir

Opinion: VW caught in the Dieselgate vortex

A year ago, Volkswagen had to admit it had rigged emissions in…

Deutsche Welle

NBE finances purchase of 12,500 low-income housing units worth over EGP 1bn

The CBE previously launched an initiative to stimulate mortgage funding for low-income…

Hossam Mounir