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

Civil lawsuit against VW will prove a costly affair

After the US authorities filed a civil lawsuit against German carmaker Volkswagen…

Deutsche Welle

Asia markets remain volatile as losses begin stabilizing

Asian markets mostly fell at the end of the trading session on…

Deutsche Welle

German companies’ crisis with Customs Authority in 2015

Article 17 of the agreement mentions that the customs administration has the…

Daily News Egypt

Customs Authority contacts commercial representation offices to develop a guideline for car prices

28 brands to be revised, including Renault, Peugeot, Hyundai, Kia, Nissan, Mitsubishi,…

Ahmed Farahat

Al-Sisi met with the Chairman of the economic development

The meeting discussed ways to develop the projects at provinces

Nourhan Elsebahy

Cooperation agreement between KarmSolar and Plus Leasing to irrigate 1.5m acres with solar energy

Plus Leasing has allocated EGP 30m to achieve this goal during 2016.

Hossam Mounir

Report details internet and social media use among Egyptians

Internet does not “facilitate interaction with government”, online advertising effective despite negative…

Daily News Egypt

Egypt to import 3m barrels of crude oil per month from Kuwait, contract to end in September

Facility will be allowed for full payment within 30 days for an…

Mohamed Adel

Expenditure on subsidy, grants, social benefits increased by 52% in July-October FY 2015/2016

The increase was attributed to a rise in bread and ration commodity…

Daily News Egypt

Tax reconciliations amounted to EGP 48m in 2015: ETA

Sales tax proceeds amount to EGP 1.5bn, while income taxes collected record…

Mohamed Ayyad