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

Egypt loses 20% of wheat supplies due to inadequate infrastructure

Bread industry is hampered by complex tender procedures and inspection requirements, says…

Shaimaa Al-Aees

Government to secure 18m cubic metres of gas/day for Siemens power plants by year’s end

The three projects require 66m cubic metres of gas per day to…

Mohamed Farag

Government crisis in Brazil urgently seeking savior

In Brazil's political crisis anything seems possible these days. How long will…

Deutsche Welle

Monsanto rejects Bayer’s takeover bid

US agribusiness giant Monsanto has rejected a multi-billion takeover bid by German…

Deutsche Welle

Criminal case opened against Switzerland’s BSI bank over Malaysian fund

Switzerland has opened criminal proceedings against the BSI bank, linked to the…

Deutsche Welle

Adidas to sell robot-made shoes in Germany

Your next pair of Adidas shoes may be put together by robots…

Deutsche Welle

IMF urges France to expand controversial labor reforms

France’s economy is recovering at a pace insufficient to combat high unemployment…

Deutsche Welle

Kuwait’s Al Salam presents a disclosure report on issuing certificates of deposit to the EGX next month

The company plans to complete the report within one month. It will…

Mohamed Ahmed

Vestas to present offer to establish wind plants to Electricity Ministry

The investment cost is $2.2bn to be managed by six banking institutions

Mohamed Farag

Sovereign Wealth Fund established to exploit unused public sector assets: cabinet

Exploiting the unused assets will boost investments within the infrastructure segment

Mohamed Samir