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

Sharm El-Sheikh, Hurghada lose 55% of tourism demand: report

Ministry estimates EGP 6.6bn losses from halt of Russian and British flights

Abdel Razek Al-Shuwekhi

Archer Consulting arranging $135m for ship repair project

The shareholder structure is divided between 20% owned by the Egyptian Gulf…

Mohamed Ahmed

Amer holds first CBE board meeting after formation Thursday

The market is also awaiting any indicators from the CBE regarding the…

Hossam Mounir

El-Sweedy signs deal for 50MW solar-power plant

Turn-key project revenues up by 148%, metre revenues up 21%

Mohamed Ahmed

Ministry of Electricity signs agreement with 11 renewable energy companies

Four companies miss signing ceremony due to urgent circumstances, and will be…

Mohamed Farag

Army opens 61 new outlets for consumer commodities nationwide

Offering products at the cost price to face high prices and prevent…

Mohamed Ayyad

Uber extends its services to Alexandria

The company conducted a million rides in Cairo in one year

Mohamed Alaa El-Din

IBM to launch Watson in Middle East by end of 2015

Watson can identify diseases that are spread in Egypt and can provide…

Shaimaa Al-Aees

Oracle invests $5bn in research and development annually

Egypt is a strategic market in the Middle East, says Vice President

Mohamed Alaa El-Din