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

As accusations mount, bankers deny overlooking contracting sector

NBE directs approximately EGP 34bn to this sector, or 15% of the…

Hossam Mounir

Faisal Islamic Bank of Egypt to focus on MSMEs in new lending policy

The bank has presented a plan to the CBE to increase the…

Hossam Mounir

MSCI Index posts daily gains

The index opened at 740.02 and continued to increase until it reached…

Daily News Egypt

SMPP to start operating Motaheda Carton Factory in September with 130,000 tonne capacity

Company loaned EGP142m from AAIB. Total loans to finance factory's construction amount…

Mohamed Ahmed

Emirates NBD grants Global Lease EGP 50m loan

Loan to increase company's total investment obtained from debt to EGP 750m,…

Mohamed Ahmed

Mubasher to launch new package of portfolios to expand customer base

New package includes long-term portfolios dedicated to pensioners, health, education purposes, and…

Daily News Egypt

Maamoura development to be completed within 3 years

Ministry of Investment is studying the establishment of a new 2.1km bridge…

Mohamed Ayyad

Banks submit SME loan programmes to CBE

The CBE's January announcement mandated that banks must direct a minimum of…

Hossam Mounir

Companies express concern over decision to prohibit international credit card transactions

CIB prohibited international credit card transactions as trial before decision is officially…

Mohamed Alaa El-Din

AAIB arranges EGP 2.5bn syndicated loan for Holding Company for Food Industries

Bank attracts EGP 25bn new deposits during first nine months of 2015

Hossam Mounir