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

Manufacturers call for floating pound in exchange for providing dollar

The CBE’s decision will help increase exports and attract investments, says El-Sewedi

Mohamed Alaa El-Din

CBE bans foreign currency transactions at local points of sale

According to the CBE, this decision came in light of the discount…

Hossam Mounir

Banks introduce restrictions on dollar use abroad

Banks have the right to limit dollar use, in light of the…

Hossam Mounir

Dollar exceeds EGP 9 in Egyptian informal market for first time

Devaluation of the pound is not linked to import pressures, but a…

Hossam Mounir

CBE cannot be asked to bear more than it can to solve: El-Kosayer

The CBE is not responsible for providing the dollar; it is responsible…

Hossam Mounir

No legal action taken against car mobile-based applications, demand increased

Police have reportedly begun stopping Uber and Careem drivers to check their…

Doaa Farid

EGP 1.9bn in Verna sales in 2015

The Hyundai Verna topped the list of best-selling Korean cars, achieving sales…

Shaimaa Raafat

Al-Mansour Automotive introduces Opel Mokka to its showroom in bid to boost sales

The company will also open services centres and branches to halt 2015…

Ahmed Amer

Shell Lubricants Egypt to sponsor Automech Formula auto show

22 automotive manufactures will attend auto show with notable exception of Mercedes…

Mohamed Aboul-Fotouh

Cash-U launches electronic payment services in Singapore

70% of Middle East and North Africa population do not have bank…

Mohamed Alaa El-Din