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

US senator presses Facebook on anti-conservative bias

US Senator John Thune has demanded to know if Facebook purposely buried…

Deutsche Welle

87 investment alliances ready to operate in renewable energy

Egypt is an ideal model for attracting companies operating in the solar…

Expansion of gas production tops state priorities for next period

Egypt currently consumes about 73m tonnes of oil, 33m tonnes of this…

Hossam Mounir

Government presents plans to create competitive investment in Egypt’s electricity market

Smart meters reduced water consumption by 40% and electricity consumption by 26%…

Mohamed Alaa El-Din

After long delay, Egypt plans to gradually increase electricity prices over five-year period, Mashaly

The cost of production for one kilowatt-hour is currently EGP.79 while the…

Lekela Power to begin construction of Banban plant in October with $90m investments

The company has put forward a competitive tender between five or six…

Shaimaa Al-Aees

Kaco New Energy targets investments of $ 500m in Egyptian market during 4 years

Kaco has partnerships with Italian and Chinese companies, in addition to Orascom…

Shaimaa Al-Aees

INJAZ expects to implement renewable energy projects in Egypt

The company has invested $13m to generate 13MW in sub Saharan Africa,…

Shaimaa Al-Aees

Banque Du Caire to invest EGP 700m in transport, electricity sectors: chairperson

The bank will focus on the energy and transport sectors in part…

Hossam Mounir

Al-Futtaim real estate plans to sign EGP 1bn in contracts in 2016

The company will not participate in the New Administrative Capital or any…

Shaimaa Al-Aees