Latest Business News
Thomas Zorn appointed CEO of Mercedes-Benz Egypt
Thomas Zorn was appointed the CEO of Mercedes-Benz Egypt last week. Zorn…
Customs Authority, European automotive companies at loggerheads over tariff exemptions
A source with a German automotive manufacturer claims the company has remained…
Another year of cheap oil: IEA
The International Energy Agency (IEA) says overcapacity means another year of cheap…
Afreximbank puts annual financing to African businesses at $15bn
Bank’s financial support to Egypt includes a $500m facility to help Egyptian…
Ministry of Finance impugns validity of leaked budget
We do not target specific dollar exchange value in new budget, says…
CBE’s launch of United Bank IPO contingent on approval of 2015 budget: Official
Budget is currently being reviewed by the CBE, ASA
CBE announces EGP 5bn loan programme for industry, manufacturing
The loans will be allocated for the purchase of machines and equipment…
Immigration Ministry prepares media campaign to promote dollar portfolios for Egyptian expats
Makram negotiates with Ministry of Social Solidarity for compulsory insurance umbrella for…
SCZone commences negotiations with engineering firms to conduct infrastructural work: Darwish
SCZone has a flexible autonomous legal framework permitting it to take all…
CBE to consider floating pound when foreign reserves hit $30bn
Actual value of imports amounts to approximately $90bn, in addition to smuggled…