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

ERA Commercial Egypt achieves EGP 250m in Q1 2016

The total investment of logistic projects amounts to EGP 2.4bn in 2016,…

Shaimaa Al-Aees

Foreign tourism depression continues but hope for growth pinned to domestic, regional market

Report details the changing market trends in the hospitality market in Cairo,…

Nicholas Mehling

270 ships transit Suez Canal in past 6 days, carrying 15.9m tonnes

Compared to July 2015, before the inauguration of the New Suez Canal,…

Mohamed Ahmed

Ceramics division demands intervention from PM to save ceramics industry

Increase in gas, US dollar prices pushes up production costs and decreases…

Daily News Egypt

NBE studying expansion into Saudi market in next period

Bank collected $500m from foreign currency saving schemes

Asmaa Nabil

Al-Sisi opens MOPCO $1.96bn expansion

60% of the factory's products will be exported to more than 20…

Mohamed Adel

Barclays Egypt awaits sale of local unit to implement strategic plans

EGP 1bn achieved in SMEs financing portfolio as of March

Ayat Al-Batawi

EGP 12bn increases in size of Egyptian Gulf Bank assets

Bank plans to increase its retail banking portfolio to EGP 1.4bn by…

Waleed Abdel Azeem

Pound to depreciate to EGP 9.5 to US dollar by end of 2016: Standard & Poor’s

The Central Bank of Egypt (CBE) devaluated the pound by 13% in…

Hossam Mounir