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

3 international investment funds acquire 85% of Fawry

Approximately 20% of the shares were acquired by the Egyptian American Enterprise…

Hossam Mounir

North African tourist industry in crisis

Following the deadly airplane crash over the Sinai last week, Russia has…

Deutsche Welle

Sharm El-Sheikh economic projects in trouble

Government agencies refuse to finance feasibility studies

Mohamed Ayyad

CBE intervenes to strengthen pound against dollar

Dollar fell in black market for hours until it suddenly stopped

Hossam Mounir

Germany’s ‘wise men’ urge lower wages for refugees

Berlin's top economic advisers have recommended suspending the country's minimum wage requirement…

Deutsche Welle

Egypt ranked 83rd out of 141 in tourism competitiveness: WEF

The UAE managed to go up from 30th place in the 2011's…

Daily News Egypt

Tourism workers anticipate cancellation of 70% of Christmas bookings

Plans to increase focus on European markets that have not issued travel…

Abdel Razek Al-Shuwekhi

CBE raises EGP value against dollar by 20 piasters

The central bank will also cover 25% of the temporary credit facilities…

Hossam Mounir

Sluggish output adds to China’s woes

China continues to be stuck in an economic rut, new data released…

Deutsche Welle

Avidbeam to launch platform for analysing video data before year-end

Developing education is the solution to push start-up sector forward

Daily News Egypt