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

Expected increase in price of computers, tech products after raising dollar price

Price rise a positive step if price fixed and dollar enabled, says…

Mohamed Alaa El-Din

Next fiscal year’s budget returned to government by parliament after partial floating of pound

Finance Ministry targets a deficit of 10.5% for the next fiscal year,…

Abdel Razek Al-Shuwekhi

CBE devalues EGP amid concerns over inflation and budget deficit increase

The decision is expected to have far-reaching repercussions on the deficit and…

Daily News Egypt

Corruption among Iran’s business elites

In Iran, billionaire Babak Zanjani has been sentenced to death for corruption.…

Deutsche Welle

China’s Anbang upsets Marriott-Starwood merger

Little known insurer Chinese Anbang is on a major shopping spree in…

Deutsche Welle

Pound devaluation shakes market

EGX-30 jumps by 6.7%, amid renewed hopes for FDIs and major concerns…

Hossam Mounir

Plan to restructure Alexandria Port to be delivered in Q1 2016: Minister of Transport

The Port of Singapore is overseeing the development of all Egyptian ports,…

Rehab Saber

Agreement to provide trade infrastructure to Suez Canal Area Development Project

Ministry of Transportation and SC Zone Chairman agree to plan to integrate…

Rehab Saber

CBE raises price of US dollar to EGP 8.85

Banks will sell US dollars at EGP 8.95, up from EGP 7.83

Hossam Mounir

Hero MEA seeks 12% increase in sales, 15% increase in exports

Hero MEA has 38 distributors with 1,500 employees across Egypt, says Mahmoud…

Shaimaa Al-Aees