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

E-Finance collects EGP 11.5bn for Finance Ministry in January: Chairman

Electronically collected tax last year amounted to EGP 37bn

Abdel Razek Al-Shuwekhi

NAT accepts technical proposals from 3 companies for train storage project

NAT recently assigned the implementation of the first part of the first…

Mohamed Alaa El-Din

Outstanding balance of treasury bonds at EGP 685.81bn by December 2015: Finance Ministry

The ministry said in a recent report exclusively published by Daily News…

Hossam Mounir

Capital increase to be proposed for public sector companies through EGX in 3 months

Twenty-one African investment commissions are set to offer investment opportunities in five…

Mohamed Ayyad

Non-performing loans fell to 7.2% of total by end of September 2015: CBE

CBE issued its Financial Soundness Indicators report, where the loans-to-deposits ratio increased…

Hossam Mounir

CBE decides to raise maximum foreign currency deposit cap to $250,000 monthly

Decision applies only to companies to facilitate import operations of main and…

Hossam Mounir

Oil prices trend to continue in 2016:  Jadwa Investment

Company lowered its forecast for oil prices throughout 2016 to $43 per…

Daily News Egypt

Egypt committed to reforms, sustainable stability, growth: Afreximbank Chairman

Bank earmarked between $50-100m as initial funding for local banks and factoring…

Shaimaa Al-Aees

Passenger car sales amount to EGP 30.6bn over 11 months

Proton was the least selling car brand in 2015, having sold only…

Ahmed Amer