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

Alexandria chamber donates EGP 13m for development projects

Projects foundation for Social and Economic Centre to develop Alexandria, which the…

Daily News Egypt

56% Bisco Misr stakeholders agree to sell Abraaj Group shares

Abraaj Group originally wanted to acquire at least 51% stake of Bisco…

Doaa Farid

Mehleb meets Saudi, Emirati ministers to prepare for Egypt economic summit

Government exerting “immense” efforts to establish standards for investors, accelerating licence issuance,…

Mohamed Ayyad

Saudi Arabia allocates $350m to Egypt in 3 agreements

The agreements include two electricity stations in Western Damietta and El-Shabab

Mohamed Ayyad

No agreement reached for LNG arrivals by end of 2014

Government delayed signing with Hog Energi, led to lack of supply during…

Mohamed Adel

Only 7% of Egyptians have bank accounts: PayFort

Around 20% of Egyptians perform their financial transactions electronically through credit cards

Daily News Egypt

Arab Banking Corporation allocates EGP200m for retail banking sector

Corporation supports retail banking sector over the next year with investment amid…

Abdel Razek Al-Shuwekhi

BNP Paribas Wealth Management wins private bank awards for Europe, North Asia

Awards confirm their position as a “reference private bank”, say Wealth Management…

Daily News Egypt

CBE to supervise monetary transactions outside banking sector: Deputy governor

Supervision will cover monetary fund money despite antipathy of investment directors

Mohamed Ayyad

AAIB expands ATM service in Egypt

Expansion brings bank’s total number of ATMs to 286 across the country

Daily News Egypt