Business

Find the latest business news on Egypt’s stock market, banking, investments, tourism, automotive, international business, technology, interest rates, currencies and funds.
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Latest Business News
Ahmed Ezz

Ezz Steel records EGP 145.9m losses in Q1 2015

In 2014, the company lost EGP 835.5m

Doaa Farid
Doaa Farid
ABK

ABK acquires 98.5% of Piraeus Bank

EFSA issued the approval on Wednesday

Daily News Egypt
Daily News Egypt
first half 2015

SODIC’s 1H net profit hikes 25%

SODIC delivered 274 units across 8 projects in the first half of…

Doaa Farid
Doaa Farid
EGX

Stocks of Safwan Thabet frozen, Abderdeen increases stakes in Juhayna

Stock market’s main index EGX-30 dropped by 0.94%, registering at 7172.6 points

Doaa Farid
Doaa Farid
canada

Valeant buys ‘female Viagra’ maker Sprout

Valeant said they expected the medication - colloquially called 'female Viagra' -…

Deutsche Welle
Deutsche Welle
Argentina

Overseas corporate corruption still a major problem

Cross-border corporate bribery is still a largely unresolved issue, Transparency International has…

Deutsche Welle
Deutsche Welle
airline

Qantas soars back into profit one year after huge losses

Australian airline Qantas has reported a healthy profit one year after having…

Deutsche Welle
Deutsche Welle
canada

International marketing campaign for Egypt’s tourism necessary step: ETF Chairman

International promotion company will be selected Thursday to promote Egypt's tourism to…

Menna Samir
Menna Samir
commodities

Weakening outlook for global economy amid fears over China: Merrill Lynch Survey

Merill Lynch, the Bank of America’s (BofA) wealth management division, released on…

Rana Yehia
Rana Yehia
BAPETCO

BAPETCo invests $415m in FY 2015/2016

Segment of investments will be allocated to implement projects aiming to increase…

Mohamed Adel
Mohamed Adel