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

5% GDP growth, 10% budget deficit, 10% inflation by FY 2016/2017: World Bank

Uncertainty still surrounds the financing of mega-projects, World Bank said

Sara Aggour

Egypt’s average wheat self-sufficiency reaches 54.9% over 10 years

Egypt’s wheat production reached 9.5m tonnes in 2012/2013, imports record 6.8m tonnes,…

Rana Yehia

Bisco Misr approves optional delisting from EGX

Approval comes after New York stock market-listed firm Kellogg recently acquired 85.93%…

Menna Samir

Emirates NDB provides EGP 250m loan to National Port Said Steel Company

Bank grants Suez Canal Authority $100m as part of syndicated loan to…

Daily News Egypt

Hassam Allam to start construction of $80m solar project in Q1 2016

Company signed agreement with NREA to develop 50 MW solar power plant…

Doaa Farid

Egypt increases exports support fund by 92%

The decision will contribute to increasing Egyptian products’ opportunities to compete in…

Shaimaa Al-Aees

NBE to issue dollar bonds in August: Soliman

Bank will negotiate with five international banks on Wednesday to promote bonds…

Daily News Egypt

WCO settles dispute between ECA, German agents in Egypt

The source also pointed out that one of the German companies imports…

Daily News Egypt

Ministry of Industry postpones car manufacturing strategy

Strategy will be re-discussed in cooperation with the Egyptian Council for Cars,…

Daily News Egypt

Petroleum, supply ministries cooperate to transform cooking oil into biodiesel

The programme will be applied in all governorates in Egypt, whereby ACPA…

Menna Samir