Latest Business News
African economies diversify to become resilient
Weak global growth and a slowdown in demand from China have forced…
Study: Most EU carmakers report false CO2 emissions
Carmakers are systematically exploiting weak and outdated EU laws to claim misleading…
2016 IBSF World Snooker Championship aims to boost tourism in Egypt
Kammah told Daily News Egypt that the target this year is to…
Frankfurt’s future as a financial hub
The planned fusion of the Frankfurt and London stock exchanges has sparked…
EFG-Hermes loses EGP 63m during Q1 of 2016
The parent company’s earnings, excluding the proceeds of its subsidiaries, amounted to…
D-8 targets to increase trade exchange to $500bn in 2018: Egyptian Industry Minister
Trade between D-8 countries amounted to $63bn, which constitutes 5% of world…
NBE’s net profit EGP 5.8bn in the first half of FY 2015/2016
The bulletin stated that the total equity at the bank amounted to…
Renewable energy feed-in-tariff systems flags, says OTMT Vice Chairman Al-Mahdi
The company is negotiating with four local banks to finance a solar…
15,000 MW electricity surplus by end of next year, government considers exporting
$13bn expansion plan of national grid capacity to 21,952 MW by 2018,…
Local, international institutions offer to invest $1.5bn in treasury bills
Interest rate on bills stabilised at same level as the CBE's latest…