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

AMIC revises projections for automotive sector, expects gains in 2015

AMIC revised projections it published in early December, when it anticipated that…

Ahmed Amer

Government to propose 709 pieces of land, 366 outlets to investors to launch commercial chains

Urgent steps to eliminate bureaucracy and facilitate procedures for the investors: Prime…

Daily News Egypt

Beyti launches marketing plan to increase sales in 2016: Company statement

Increasing factories’ production capacity and offering the largest amount possible of Beyti…

Daily News Egypt

Qalaa Holdings divests from MGM and UGC for EGP 828m

The company has sold its shares in several companies including Sudanese Egyptian…

Shaimaa Raafat

Calls to Housing Ministry to allocate part of new capital for housing

Abdallah expects no less than EGP 20bn in revenues from selling those…

Hossam Mounir

New Aswan City to see construction under much-delayed Social Housing Programme

The Ministry of Housing announced the construction of 4,000 units; 640 units…

Daily News Egypt

Funds to be secured for demolition and restructuring of informal settlements

EGP 10bn essential for medium term plan, three years plan of slums’…

Sara Aggour

FEP Capital seeks to register 3 new companies in NILEX in 2016

FEP, which is owned by Egyptian and Gulf investors, has great confidence…

Daily News Egypt

NBE arranges loans for electricity sector worth EGP 39.4 in five years

The bank intends to support the national economy by funding national projects

Hossam Mounir

Sanctions to be applied in January to US citizens abroad

Penalties range from imprisonment to revoking nationally; anyone with a minimum of…

Daily News Egypt