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

NBE arranged 17 syndicated loans valued at EGP 65bn in 2015: Deputy Chairman

Electricity sector accounted for EGP 30.8bn; 14.8bn for petroleum; 9.45bn for construction;…

Hossam Mounir

Banque Misr adds new branch to its network

The new branch adds to the bank’s network of over 500 branches

Daily News Egypt

Government sought to decrease $60bn bill by ‘banning luxurious products’

Around $26bn of Egyptian imports are categorised as “essential”

Doaa Farid

GCC States approaching towards tax reforms: Deloitte

Saudi Arabia is committed to BEPS initiative and OECD action plan

Gehad El-Shaik

CBE postpones decision regarding EGP interest rate to negotiate with coordination council

The Monetary Policy Committee (MPC) meeting took three hours Thursday and ended…

Hossam Mounir

Importers believe Industry Minister’s decree violates WTO agreements

Decree aims to circumvent the laws and is not fair to importers,…

Shaimaa Al-Aees

EGP 3.82bn in investments for electricity distribution networks in 2016

A source at the company said electricity distribution companies need 79 medium-voltage…

Mohamed Farag

Travco will launch charter flights to Egyptian cities in March

Travco’s Dubai organised charter flights to Sharm El-Sheikh last week

Doaa Farid

Colliers predicts continued decline in tourism for Sharm El-Sheikh, Hurghada

An increase of occupancy in Sharm El-Sheikh and Hurgada basically depends on…

Daily News Egypt

Hotels send memo to Tourism Ministry about measures of real estate tax

Substitution Way stipulates calculating the in accordance with ratio of buildings to…

Daily News Egypt