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 has no right to reduce CEOs’ tenures under banking law: legal adviser

CBE Governor Tarek Amer surprised the banking sector by issuing a decree…

Hossam Mounir

United Bank leaders deny knowledge of selling bank to strategic investor

We have not yet received any formal notification from CBE, says El-Kady

Hossam Mounir

Programme to transfer profits of foreign companies operating in Egypt abroad promotes confidence in economy

CBE coordinates with international institutions to export share of production, experts demand…

Mohamed Ayyad

BFH approves acquisition of Arab Finance for EGP 23m

The company also approved the acquisition of 70% shares of Reefy

Sara Aggour

Amer reveals CBE’s monetary policy

New policy aimed at reducing inflation and financing growth through a more…

Daily News Egypt

Dollar deposits jump 2130% following pound devaluation: Amer

Depreciating the pound is a corrective measure in response to currency market…

Mohamed Ayyad

CBE, international institutions begin assessing AAIB, Banque du Caire in preparation for IPO

Timing, price, and promotion are important factors for a successful launch on…

Hossam Mounir

Banks to receive 1.5-4.75% commission in return for fixed exchange rate for foreign investment

This mechanism allows foreigners to contract with banks on a specific exchange…

Hossam Mounir

United Bank awarded best organisational re-structural bank in the market

Chairman and managing director of the bank, Ashraf El Kady, received the…

Daily News Egypt

Are CBE’s initiatives enough to develop SMEs?

Daily News Egypt speaks to experts on how to support and develop…

Hossam Mounir