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

Banks take steps to support tourism after new CBE initiative

Measures include postponing loan repayments for tourism employees and investing in facilities

Hossam Mounir

Suez Canal revenues fall to $408.4m in November, marking 7.7% annual decline

Revenues record decline for third consecutive month since inaugurating the new canal…

Mohamed Ahmed

$30m direct monthly losses in Sharm El-Sheikh due to UK, Russian flight bans: Al-Zayat

Minister of Tourism Hisham Zaazou estimated monthly losses due to European flight…

Daily News Egypt

EgyptAir considers direct flights from Gulf to Sharm El-Sheikh, Hurghada in January 2016

1.6m Arab tourists visited Egypt last year, accounting for $1.5bn of $7.3bn…

Daily News Egypt

3.3% decline in manufacturing, extractive industries production index in October: CAPMAS

CAPMAS issued a metadata report of the production index of manufacturing and…

Shaimaa Al-Aees

GPX launches second data centre in Cairo

The new data centre (Cairo 2) offers its services to customers, on…

Daily News Egypt

Smart phones account for 91% of mobile phone sale revenues during Q3 of 2015

Android accounts for 92.6% of mobile phone sales in Egyptian market, according to IDC 

Mohamed Alaa El-Din

Jovi Tronix to increase to 10 customer service centres in 2016

We aim to increase HTC’s market share to 14% in 2016, says…

Mohamed Alaa El-Din

Siemens aims to boost economy through power plants

Daily News Egypt speaks with the German company's CTO about its new…

Shaimaa Al-Aees

WTO conference held in complex circumstances: Industry Minister

Qabil demands for the Arab League to be made WTO member as…

Shaimaa Al-Aees