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

Al-Sisi, PM Viktor Orbán look to strengthen bilateral relations

During Hungarian prime minister Viktor Orbán’s visit to Cairo from 31 May…

Maya Nawar

S&P downgrades UK credit rating

Ratings agency Standard & Poor's has removed the UK's coveted top credit…

Deutsche Welle

Brexit for Egypt: the good, the bad, and the uncertain

While global economic attention is turned to the effects of the UK’s…

Nicholas Mehling

Rami Aboul Naga succeeds Rania Al-Mashat on EGX board

Aboul Naga will succeed Rania Al-Mashat, who will move to the International…

Hossam Mounir

55% – 60% of technology parks’ construction concluded in Borg El-Arab, Assiut

Construction of Knowledge City in the New Administrative Capital finalised end of…

Mohamed Alaa El-Din

Parliament to vote on budget after hearing government’s response to MPs

Voting session will pass the draft if it gets more than 350…

Abdel Razek Al-Shuwekhi

Vodafone-Egypt appoints Stefano Gastaut as CEO

Vodafone Egypt reshuffled its leadership and appointed Stefano Gastaut as the company’s…

Mohamed Alaa El-Din

US stocks slide as Brexit fallout worsens

US bank shares have led a steep decline on Wall Street as…

Deutsche Welle

Ministry of Petroleum negotiates supply of 12 LNG shipments with foreign companies

Two additional shipments will be imported monthly during H2 of 2016, says…

Mohamed Adel

Cabinet studies Ministry of Electricity’s suggestion to lift subsidies

The ministry will announce its final position within two weeks, say sources

Mohamed Farag