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

Trade deficit increases 70.9% in September year-on-year

Deficit reaches EGP 27.9bn compared to EGP 16.3bn in corresponding month last…

Doaa Farid

Cement companies look to control market prices in face of production decline: Sector Source

Establishment of higher council for building materials sought and introduction of new…

Daily News Egypt

6 Middle East countries lose $35bn as impact of Syrian war and ISIS spread

Analysis suggests Syria and Iraq bear brunt of direct costs of war,…

Doaa Farid

Fitch Raises Egypt’s Credit Rating to ‘B’

At end of 2014, national debt stood at 90.5% of GDP, and…

Daily News Egypt

Russian deal will make Egyptian products more competitive, increase tourism and trade: Russian-Egyptian Business Council member

Government sources confirm sufficiency of Russian tourism in Egypt, despite tumble in…

Mohamed Ayyad

EU supports Egypt with EGP 80m in tourism investments

EU is source of over 50% of foreign direct investment, constituting over…

Shaimaa Al-Aees

EIPR calls for more budget transparency

Budget transparency defined by disclosing more information on budget and providing simple…

Doaa Farid

Stock losses continue, market declines by EGP 15.3bn

Total market losses so far at EGP 48bn, while gains amount to…

Sara Aggour

Negotiations to resume with Russia to provide natural gas via Gazprom: Deputy Russian PM

Russia is preparing technology with the World Bank to implement the ‘one-stop…

Mohamed Ayyad

Oriental Weavers to invest EGP 90m in 2015

Company outperforms with new automated warehouse and 3 more production lines

Daily News Egypt