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

Government must improve efficiency of electricity consumption to coincide with price increases: expert

When the government announced two years ago its hope to cut electricity…

Hisham Salah

Mercedes-Benz reaffirms commitment to Egypt, denies receiving dealership requests

Journalist claims Mercedes-Benz plans to exit local market; company response ensures commitment…

Daily News Egypt

Production costs to rise with new electricity prices, consumers to bear the burden: investors

The electricity price increase announced by Minister of Electricity and Renewable Energy…

Hisham Salah

Expected to be another heavy burden for the poor, citizens refuse electricity price increases

After another increase in electricity prices, citizens appear to not be receptive…

Hisham Salah

Visa hopes tourism will increase 35% globally by 2025

Study estimates families travelling internationally to surpass 280 million, spend on average…

Nicholas Mehling

Egypt to repay international bonds worth $3bn in December 2016: Finance Ministry

Egypt has other bonds worth $3.5bn that will be repaid in the…

Hossam Mounir

EGPC diesel reserves cover needs of domestic market for 5 days

Aramco supplies Egypt with 12 diesel shipments a month

Mohamed Adel

Designs for new 33m sqm industrial city under preparation: Minister of Industry

The Egyptian consumer must be encouraged to buy “Made in Egypt” products…

Adel M. Fakhry

Siemens to launch SICEMENT Electrification system to support cement industry

Siemens will launch the SICEMENT Electrification system tailored to provide the energy…

Daily News Egypt

NREA receives 5 new offers from foreign banks to finance Siemens wind plant

The New and Renewable Energy Authority (NREA) received five new offers from…

Mohamed Farag