Latest Business News
Occupancy rates at Taba hotels fall below 5%
19 of 23 Taba hotels have suspended operations
Civil Service Law’s fate uncertain amid push for reissuance
The government said that it will resubmit the law to the parliament…
IFC provides up to $50m to NBK-Egypt
IFC’s financing will help the bank meet the foreign currency requirements of…
Economic ministerial group approves affiliation of SMEs sector to Industry Ministry
Economic slowdown, decline in foreign currencies and political turmoil affected SMEs sector…
16 satellite channels to be prosecuted for advertising unregistered health tonics: CPA Chairman
Channels violated Article 6 of Consumer Protection Act 67/2006, says Yacoub
CBE’s decision to raise dollar deposit cap ineffective in bolstering import market: Sheha
The dollar reached EGP 8.6 on the black market
Governorates allocate 2,023 land plots to private sector to establish new schools: PM
The Ministry of Education will supervise the entire education process and review…
Monetary Policy Committee holds first meeting in 2016 to discuss future of basic interest rates at CBE
The MPC decided during its last meeting on 24 December 2015 to…
Egyptian-American investors’ alliance buys 3 hotels for $52m in South Sinai and Red Sea: Tourism sources
Egyptian tourism sector may be good opportunity for foreign investors currently, as…
Launching 4G is expected to return EGP 8bn
NTRA should cooperate with sovereign bodies to provide frequencies for mobile operators:…