Latest Business News
Allocation for CBE’s dollar tender reaches 22.99% on Tuesday
The CBE sold $118.7m US dollars at a fixed price of EGP…
450 e-commerce websites in Egypt at end of 2015
18m daily visits for e-commerce websites, two of which control 70% of…
Recovery of tourism, FDI needed for 5.2% economic growth rate in FY 2016/2017
Economic growth relies on Egypt renovating and developing its various economic sectors,…
El-Salawy appointed as CEO of ABK Egypt
El-Salawy was the deputy chief executive officer at the Union National Bank…
Banks in EGX exceed market’s expectations during Q1 of 2016: Beltone
There are doubts about the banks’ abilities to continue this exceptional performance…
Economic growth of 5.2% in coming year realistic only with reform: Finance Minister
We will slow down the growth of expenditure items and increase revenue…
African growth resilient, but faces challenges
Africa economies are showing “remarkable resilience” despite economic headwinds, and are expected…
Egypt Vision 2030 begins to revive tourism industry, renovate infrastructure: planning minister
The projected goals go hand in hand with the draft budget for…
Egypt’s budget: optimistic aspirations and a difficult reality
The government hopes to reduce the budget deficit to 9.8% and control…
Petroleum Ministry’s submarine awaits arrival of French ship to locate black box
The navy expanded its search area to 80 sqkm in the Mediterranean,…