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

CBE Deputy Governor clarifies regulators on dollar cap increse

Officers from banking operations expressed uncertainty regarding several features of the new…

Hossam Mounir

Egypt imports 60,000 tonnes of Romanian wheat

The GASC announced two tenders for the procurement of wheat shipments in…

Mohamed Ezz

Banks direct foreign currency to importers as commodities are held at ports due to dollar shortage

To reduce dollar shortage crisis at banks, the foreign currency deposit cap…

Hossam Mounir

Orascom expected to offer firm bid to acquire CI Capital this week: Sources

Orascom began addressing private banks to guarantee 40% of deal worth, EGP…

Daily News Egypt

Low-income home buyers to be focus of Housing and Developing Bank’s 2016 plan

In the past year, the HBD granted EGP 750m to approximately 10,000…

Hossam Mounir

Decline dominates trading on MSCI last week

The market declined on the first and second trading days before picking…

Daily News Egypt

Financial Services Institute to bring financial leasing companies in accord with new legislation

The training programme aims to help companies manage risks and to ensure…

Mohamed Ahmed

Al Thamarat Association plans to establish charity investment fund

Mubasher Trade is candidate to manage fund for free, EFSA requires involvement…

Mohamed Ahmed

Minister of International Cooperation attains ‘miracle’ World Bank loan to be directed to general budget: Minister of Investment

Palm Hills sales of approximately EGP 6.5bn, its decision to distribute liquidity…

Mohamed Ayyad

EGAS decreases gas imports to 650m cubic feet per day

LNG shipment will arrive to Sokhna Port to connect to national gas…

Mohamed Adel