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

Intel awards $20,000 to youth innovators

Zoomaal launches new initiative "Arab innovation is back" for funding Arab region…

Shaimaa Al-Aees

Cisco to build NBE’s modern generation of secured data centres

The National Bank of Egypt (NBE) employed the international telecommunication company Cisco…

Daily News Egypt

Fitch affirms Egypt’s ‘B’ rating, Dimian responds that economy is ‘resilient’

Introduction of VAT has been delayed, according to agency

Sara Aggour

321 ships transited Suez Canal from 11-17 December

Revenues declined to $408.4m in November compared to $449.2m in October

Mohamed Ahmed

Amer informs Ministry of Finance of banks’ rejection of VAT

A high-level meeting was held between Ministry of Finance and CBE to…

Hossam Mounir

EGP 1.8bn increase in Barclays Egypt bank loans in 9 months

Clients’ loans in Barclays Egypt increased by EGP 1.8bn during the first…

Daily News Egypt

Cooperation between Intel and Education Ministry in 27 governorates

Head of industry sector at Al-Kobba scientific center at Bibliothec Alexandria Reem…

Shaimaa Al-Aees

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

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

Hossam Mounir

World Bank agrees on $3bn loan to support Egypt’s economic development

World Bank (WB) agreed to give Egypt a $3bn loan to support…

Shaimaa Al-Aees

Coordinating council for monetary policies held its first meeting

Council reviewed current situation of state general budget

Hossam Mounir