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

Ezz Steel expects continued foreign exchange challenges, decline of global market in short-term

The company managed to turn profits in Q4 of 2015, and reduce…

Mohamed Ahmed

MSCI registers positive performance though past week

The index opened at 812.32 and closed at 826.19

Daily News Egypt

Gulf’s stock markets: between ups and downs

Gulf stock markets fluctuated over the past week, but remained positive throughout…

Daily News Egypt

CIB’s decline to keep EGX-30 below 7,700: analyst

Benchmark index surged by 22.4% this past month

Sara Aggour

304 ships transited Suez Canal last week with total load of 17.5m tonnes

About 153 ships transited the canal towards the south, with a daily…

Mohamed Ahmed

Taiwan’s Foxconn buys controlling stake in ailing Sharp

Taiwanese tech giant Foxconn has bought control of struggling Japanese electronics firm…

Deutsche Welle

Massive French mobile merger falls through

Talks ended between Orange and Bouygues, which together represent over 60 percent…

Deutsche Welle

Tesla’s big bet

The stakes are high for Tesla and its new mid-priced Model 3.…

Deutsche Welle

Finance Ministry issues factoring activities to increase companies’ liquidity

Minister of Finance Amr Al-Garhi issued a decision to add factoring activities…

Daily News Egypt

Jumia Egypt celebrates 1m customers on 4th Anniversary

In the past four years, Jumia says it has reached its milestones…

Mohamed Alaa El-Din