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

Ministries of military production, housing sign protocol for smart water meters

Imported water meters cost $90-$100, says minister of housing

Shaimaa Al-Aees

Universal Group launches new EGP 130m factory for home appliance moulds

Universal export 60% of their products, representing 30% of the total Egyptian…

Daily News Egypt

Parliament’s Budget Committee leaves VAT rate to the public session

Parliament’s Budget and Planning Committee has decided to leave setting a value-added…

Abdel Razek Al-Shuwekhi

Apache plans to increase its investments in Egypt’s petroleum explorations sector: cabinet

The government is providing new areas for international companies to increase their…

Mohamed Ayyad

Parliamentary committees approve PBDAC Act, transfer of its ownership to the CBE

We are awaiting the final vote; this move would restore the bank's…

Hossam Mounir

Total value of banknotes issued increases by EGP 10bn in May: CBE

Banknote issuance recorded its highest level to GDP since June 2015

Hossam Mounir

Slight growth of 1.3% in mobile users in Q1 2016

Internet users drop by 1.4% compared to the fourth quarter of 2015

Mohamed Alaa El-Din

Due diligence examination of Wadi Degla, RECAP alliance to be completed in September: Naeem

Sources at Naeem Holding for Investments confirmed that the strategic alliance aims…

Mohamed Ahmed

Establishing companies through IPO takes over amid government trend of financing through EGX

Government demands that it benefit from the exceptions made by the EGX…

Mohamed Ahmed

I-Score warns against fraudulent companies claiming to improve credit ratings

No entity or person, no matter the authority he/she has, can intervene…

Hossam Mounir