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

CBE sells banks $500m to insure strategic imports of food commodities and medicine

The CBE conducted the sale at an exchange rate of EGP 7.73…

Hossam Mounir

Samsung begin plan to launch smart home appliances in Egypt

Samsung Forum 2016 revealed SUHD TVs and TabPro S

Mohamed Alaa El-Din

Housing Ministry invests EGP 1.5bn for facilities in New El Alamein lands

The Arab Contractors Company and Mokhtar Ibrahim will install the facilities in…

Shaimaa Al-Aees

Banking representatives gather in Khartoum for financial inclusion forum

Funding provided to SMEs, risk management departments, inclusive technology among forum's principal…

Hossam Mounir

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