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

Gulf tourists double reservations in Cairo hotels for Eid

Occupancies in Cairo hotels vary between 20%-30%, looks to increase to 70%…

Abdel Razek Al-Shuwekhi

Red Sea Governorate targets tourism share increase to 50% by end of 2015: Tourism Ministry official

Tourists visiting Red Sea area last year spent 73.8m nights compared to…

Abdel Razek Al-Shuwekhi

Red Sea resorts reject increase of water company’s insurance prices: Chamber of Hotels official

Tourist resorts threaten to build private water desalination plants away from area’s…

Abdel Razek Al-Shuwekhi

OTMT records EGP 373.8m net profits, 15% YoY surge

Company’s standalone net profits register EGP 221.5m

Sara Aggour

$2.25bn cost of importing gas for FY 2015-2016

BP starts supplying 18 liquefied gas shipments to Egypt next month

Mohamed Adel

Ministry of Housing denies termination of Cairo Capital MoU

Contradictory reports have surrounded project since its announcement

Menna Samir

Qalaa Holding to sell untapped assets to Financial Holding International

Finalisation of investment deal expected by December 2015 after customary conditions and…

Mohamed Ayyad

Egyptian, Spanish, French alliance will implement Abou Rawash sanitation plant

Project targets transforming plant to secondary treatment while increasing its capacity by…

Rana Yehia

Plan to reduce wheat unloading duration to save hard currency: Supply Ministry

Decrease of wheat unloading times from ships helps save hard currency paid…

Shaimaa Al-Aees

EGP 76.5bn pumped into industrial sector in past 10 months: Abdel Nour

Industrial growth registered 17% this year, says minister

Doaa Farid