Latest Business News
China’s Xiaomi buys Microsoft tech patents
Microsoft has confirmed it has sold hundreds of tech patents to Chinese…
NBE finances purchase of 8,600 low- and middle-income housing units with EGP 700m
Hegazy attributed the bank’s success in being able to finance its large…
$400m allocated by Ministry of Finance to support exports
This is the first time such a budget has been allocated from…
OECD warns global economy faces ‘low-growth trap’
The Organization for Economic Cooperation and Development (OECD) sees a mounting risk…
Abe delays plan for tax hike in Japan
Japan's prime minister Shinzo Abe will delay a controversial increase in sales…
ILA Berlin Air Show takes off amid favorable biz climate
One of Europe's most important aviation and aerospace trade fairs, the ILA…
Egypt signs $100m loan with Kuwait at 2% interest over 25 years: cabinet
The loan will finance the construction of five desalination plants in South…
Egypt’s GDP to grow by 3.6% in FY 2016/17: Fitch Ratings
The agency rating evaluates Egypt’s high fiscal deficit, low foreign reserve coverage,…
Shell, Apache agree with Petroleum Ministry to price gas from Apollonia field at $4.6/1m units
Apache completed drilling two horizontal wells in limestone layers in Western Desert:…
Size of electronic payment transactions in Arab region expected to reach $69bn by 2020: Payfort
Electronic payments grew by 50% in Egypt during 2015
