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

ITIDA allocates EGP 40m for IT exports

Chargé D’affaires of the Executive Director of ITIDA Hossam Othman said the…

Mohamed Alaa El-Din

Annual inflation rate increased by 0.1% in December

Expert predicts surge in foreign reserves, and decline of inflation rate following…

Doaa Farid

EGX discusses four major issues with the government in 2016

The postponement of the capital gains tax tops EGX’s agenda; EGX will…

Mohamed Ahmed

Modern Waterproofing Co. develops plan to offset 2015’s losses

The company's issued capital and paid capital is EGP 119m, divided over…

Mohamed Ahmed

United Bank of Egypt to finance 1,000 housing units in Suez

The bank announced launching the project for those with low-income through a…

Daily News Egypt

CBE awaits first segment of World Bank loan to support foreign reserves

Foreign reserves are facing major challenges by the beginning of 2016; repaying…

Hossam Mounir

Collapse of oil prices strikes Gulf stock markets

Saudi Arabia’s market was the hardest hit, losing 9.93%, followed by Qatar…

Daily News Egypt

EGX to decline to 6,700-6,800 points on Sunday: Analysts

Technical analysts attributed predictions of fall in EGX to impact of severe…

Mohamed Ahmed

275 ships transit Suez Canal with total load of 15.98m tonnes

In July 2015 before the inauguration of the New Suez Canal, the…

Mohamed Ahmed

Imtenan referred to prosecutor general for unregistered product

Company should not have introduced product to market before receiving NNI’s approval

Sara Aggour