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

Hitachi offers investments in Egypt

Hitachi expresses interest in participating in creating Silos, logistical areas for wheat,…

Menna Samir

Foreign tobacco companies in Egypt reject new cigarette price increases: Official

Tensions prevail in cigarette market, traders exploit the situation to raise prices,…

Mohamed Ayyad

Tourism officials to request CBE governor exception from deposit limit: Ministry source

Egyptian Travel Agents Association and Egyptian chamber of hotels request exclusion from…

Abdel Razek Al-Shuwekhi

CBE keeps ratings unchanged

Overnight deposit rate, overnight lending rate, main operations’ rate stand at 8.75%,…

Daily News Egypt

Naguib Sawiris plans to buy majority stake in Euronews

High-profile businessman Naguib Sawiris acquires 53% stake in Euronews channel in a…

Daily News Egypt

Ministry of Tourism cancels participation in March Kyiv Exhibition: ETPA Official

Volatile Ukranian security due to armed conflict led Egypt to cancel participation…

Abdel Razek Al-Shuwekhi

‘Egypt is Close’ campaign to support inter-Arab tourism

Campaign will be launched by specialised company, expected to continue for three…

Daily News Egypt

Tourist turnout at restaurants is 15-45%

Decline largely due to tourists’ appetite for shisha, not food, says Chamber…

Shaimaa Al-Aees

Ministries of Finance, Tourism fail real estate tax dispute resolution for Cairo, Alexandria hotels

Ministries’ efforts failed to use standard substitution value instead of market value…

Abdel Razek Al-Shuwekhi

$6bn foreign company investments in FY 2015/2016: El Molla

Total foreign investment, which is being pumped this year, is estimated at…

Mohamed Adel