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

Pioneers Holding plans for EGP 1.7bn worth of new acquisitions, investments by year’s end

Investments in fields of housing and real estate, construction, food, acquisitions over…

Mohamed Ahmed

Unemployment rate reaches 12.7% in Q1 of 2016: CAPMAS

The report has further elaborated that 36.1% of unemployed individuals in the…

Hossam Mounir

Parliament summons cabinet to address dollar crisis, stalled factories, organisational structure

Ministers will request that the CBE  allocate 25% of foreign currency reserves…

Global Lease aims to increase its portfolio to EGP1.3bn by end of 2016

Global Lease secured 12.75% of the lease financing market share in the…

Hossam Mounir

AccorHotels’ presence in Egypt aided expansion across the region: Middle East COO

Granet oversees the overall operations of AccorHotels’ diverse portfolio of internationally renowned…

Maya Nawar

AT Brokerage directs institutions and Arab investors to cover IPO of AT Lease

The company received purchase orders covering 97.65% of the IPO as of…

Mohamed Ahmed

Standard & Poor’s report reinforces the bearish descent towards 7,425 points

Standard & Poor's revised on Friday its future outlook of the Egyptian…

Mohamed Ahmed

Public banks stop selling their 15% interest certificates on Sunday

The three state-owned banks have begun offering these certificates in mid-March 2016

Hossam Mounir

331 ships transit Suez Canal carrying 19.2m tonnes last week

An average of 47.3 ships transited the canal per day during that…

Mohamed Ahmed

EGX’s technological infrastructure development plan begins with establishment of first modern data centre

New disaster recovery building to be built in Fifth Settlement as part…

Mohamed Ahmed