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

Eni and BP find 700bn feet of gas in south Baltim reservoir

Drilling the first well is completed at 4,000 metres depth, says source

Mohamed Adel

CBE stabilises Egyptian pound against the US dollar at EGP 8.78

The CBE sold roughly $118.6bn to the banks through its tender.

Hossam Mounir

Public sector carries out construction worth EGP 20.6bn in 2014/2015: CAPMAS

The construction operations of the public sector increased by 31.3% from fiscal…

Hossam Mounir

Communications Ministry to launch talks about free zones, technological areas with industry, finance ministries

Mobile phone manufacturers demand exemption from custom duty on manufacturing components

Mohamed Alaa El-Din

ITIDA selects Borg El-Arab, Assiut to establish innovation centres outside Cairo

The establishment of the two innovation centres will cost EGP 100m

Mohamed Alaa El-Din

Payfort partners with Shopify to empower MENA’s startups

Online payment service provider Payfort partnered with commerce platform Shopify to help…

Daily News Egypt

Polish consortium considering establishment of industrial area at SCZone

Polish government delegation to visit the region before the end of July,…

Ahmed Adly

German investors worry about Brexit

Investor confidence in Germany has hit its lowest level in nearly four…

Deutsche Welle

Europeans shop for convenience as e-payments skyrocket

Europeans ‘touched to pay’ three billion times in the last 12 months,…

Nicholas Mehling