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

Customs tariffs significantly increase in car prices

DNE reviews value of car prices before and after customs are added

Ahmed Amer

Cabinet to approve auto industry strategy within days: Industry minister

Strategy to stimulate efficient environment for automotive industry in Egypt, says Qabil

Ahmed Amer

9% decline in car sales in October, compared to 1.6% in 2014

Chevrolet tops market sales in 10 months with 52,800 cars

Ahmed Amer

New CBE Governor Tarek Amer denies having Facebook page

Amer said he deactivated his Facebook account on 17 October, four days…

Hossam Mounir

Philips addresses healthcare gap in South African township

Mobile clinic serves 1,000 patients a month in poverty-stricken community

Menna Samir

LED lighting reduces energy consumption by up to 80%: Philips Lighting CEO

Philips is working on converting old street lighting in Cairo to LED…

Menna Samir

Philips considers partnering with local Egyptian producers: South Africa CEO

We are in discussions in Egypt about manufacturing consumer products with local…

Menna Samir

#SueMeSaudi: Twitter users taunt Saudi Arabia

The hashtag #SueMeSaudi is soaring after a source at the Saudi Arabian…

Deutsche Welle

Banking sector rejects value-added tax, seeks CBE’s assistance

Sources believe Amer is likely to agree to Federation of Egyptian Banks…

Hossam Mounir

CBE unable to meet EGPC’s dollar requirements

EGPC acquired $160m in October instead of $700m, says official

Mohamed Adel