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

CBE reduces term of executive officials in banks to 9 years

The Central Bank of Egypt (CBE) issued on Thursday a decree to…

Hossam Mounir

Hikma PLC acquires EIMC United Pharmaceuticals

Acquisition will strengthen Hikma’s market presence in Egypt

Shaimaa Al-Aees

EFG-Hermes’ net profits in 2015 record EGP 461m, marking 4.7% growth     

Policy to reduce expenses led to cutting down the investment bank’s total…

Daily News Egypt

Oriental Weavers collects EGP 51m in outstanding dues of export subsidy

The company has three-part plan to stimulate exports by purchasing new machines,…

Mohamed Ahmed

LG exports $150m worth of TV screens  in 2015

15% decline in profits due to dollar crisis, says Kwack

Mohamed Alaa El-Din

9.2% drop in value of industrial production in Q3 of 2015 compared to Q2: CAPMAS

Coke and petroleum products represent the most important economic activities, contributing to…

Hossam Mounir

Organisers of foreign trips await new minister’s policies: official

Restoring Russian and British flights to Egypt tops the minister of tourism’s…

Abdel Razek Al-Shuwekhi

Metro ticket price: between a burdened government and frustrated commuters

The Ministry of Transportation spokesperson said that the ticket increase will not…

Doaa Farid

Occupancy rates of Cairo hotels increase by 60%: ETF Chairman

Despite travel warnings, foreigners have great desire to return to Egypt, says…

Abdel Razek Al-Shuwekhi

No fresh borrowing in the years ahead?

German Finance Minister Wolfgang Schäuble is confident that Europe's powerhouse can fare…

Deutsche Welle