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

State Council requests Ministry of Petroleum amend mineral resources law

New law to regulate mining and quarrying expected to generate EGP 3-4bn…

Mohamed Adel

Egypt participates in US-Africa Leaders Summit in Washington, DC

Al-Sisi administration hopes to take advantage of the summit to reassure US…

Mohamed Ayyad

EGAS says it is owed EGP 16bn by industrial sector

Debts owed to Egyptian gas holding company EGAS for quantities of gas…

Mohamed Adel

Trade exchange with Libya falls in wake of violence

Egyptian exporters exclude Libyan market from their plans and fear failure from…

Daily News Egypt

NBE and Egyptian Gulf Bank to provide EGP 500m and 120m to Mobinil

Four banks participate in total of 1bn syndicated loan to Egyptian service…

Daily News Egypt

NIB funds EGP 270m in public housing projects this year: Board Member

National Investment Bank looks to finance housing projects in framework of state…

Abdel Razek Al-Shuwekhi

EGP 30m allocated to construct Assiut axis road

The complete project expected to cost EGP 300m, Assiut Governor Ibrahim Hamad…

Sara Aggour

New confidence in real estate with increased stability: JLL

Strongest performance in the residential sector, with no major changes in office…

Daily News Egypt

MOPCO 1 and 2 expansion to be completed by early 2015 through $1.9bn in investments

The MOPCO 2 project will increase the company’s productive capacity to over…

Mohamed Adel

Talks on applying VAT ongoing: Finance ministry

Egyptian government struggles to increase its revenue through reforming tax system and…

Mohamed Ayyad