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

Cabinet sends FY 2016/17 budget to Al-Sisi for approval

Minister of Finance expects 9.9% state budget deficit, 5.2% economic growth

Mohamed Ayyad

Cabinet reveals plan to borrow EGP 291.25bn from banks in next 3 months

Ministry of Finance reduces term of loans to five-year maximum, cancels seven…

Hossam Mounir

Tourism Fund adopts plan to encourage charter flights in Hurghada, Sharm El-Sheikh: Ministry of Tourism

Required occupancy ratios decreased to provide incentives for flights coming to Sharm…

Abdel Razek Al-Shuwekhi

ETF prepares to participate in tourism investment forum in Dubai

Arab inbound tourism to Egypt must not fall to less than 3…

Abdel Razek Al-Shuwekhi

Prime Minister looks into advancement plan for textile industry on Tuesday: cabinet

Establishing zones for textile industries close to rural and agricultural areas is…

Mohamed Ayyad

Sawiris and Tarek Amer fight: flashback to previous battles with the state?

Businessman Naguib Sawiris insists that Tarek Amer used his position to prevent…

Doaa Farid

EBRD provides $100m to Savola’s United Sugar Company of Egypt

EBRD recently signed several loans and agreements with the Egyptian government, companies…

Daily News Egypt

France’s Alstom to supply EETC with 5 transformer stations for €200m

The ministerial economic group also agreed to allow the EETC to resume…

Mohamed Farag

Red Sea, South Sinai resorts expect Egyptian holidaymakers to increase occupancy: politicians

Egyptian tourism in severe decline since the Russian plane crash last October

Abdel Razek Al-Shuwekhi