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

Housing and Development Bank opens its 64th branch

The bank will begin applying the new Core Banking system and offer…

Daily News Egypt

Egypt shuts down Facebook’s Free Basics ahead of uprising anniversary

A free Facebook Internet service connecting more than three million Egyptians has…

Deutsche Welle

Ministry of Finance announces EGP 96.7bn budget deficit in first trimester of FY 2015/2016

State expenditures totaled EGP 221.2bn, an increase from the EGP 183.7bn in…

Daily News Egypt

Tripartite Free Trade Agreement, restructuring of export councils represent key changes in foreign trade in 2015

An annual report issued by the Ministry of Industry and Foreign Trade…

Daily News Egypt

Ministry of Finances announces tax revenue for first third of FY 2015/2016

EGP 18bn increase in revenue compared to 2014/2015 FY attributed to reforms…

Daily News Egypt

Ministry of Industry issues its 2015 annual report

Ministry issued report finds work stoppage in 871 factories, NBE provides 11…

Daily News Egypt

Balance of Payments registers deficit of $3.7bn in first quarter of FY 2015/2016: CBE

The Central Bank of Egypt (CBE) announced Wednesday that the Balance of…

Mohamed Ayyad

Second meeting to accelerate $8bn Saudi investments scheduled 5 January

Egypt has offered projects in the housing, tourism, energy, and agriculture sectors…

Mohamed Ayyad

Sawiris dominates Egypt’s financial sector in 2015

By December, Orascom presented an acquisition offer to CIB's CI Capital

Mohamed Ahmed

Entrepreneurship trounces economic crises, draws attention of foreign investors in 2015

Fawry’s acquisition deal is the biggest; Yaoota, Wuzzuf give hope to startups

Mohamed Alaa El-Din