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

Central Bank of Egypt establishes ‘Long Live Egypt Fund’ to support economy

Fund will use account number 037037 in reference to the date of…

Daily News Egypt

Abraaj open to offers for shares of Cairo Medical Centre, Cairo Investment and Real Estate Development (CIRA): Managing director

Abraaj Capital Group is monitoring new direct investment opportunities to acquire companies…

Daily News Egypt

Hotel occupancy on North Coast rises to 70%: Chamber of Hotels Official

One week before Ramadan, hotel occupancy on North Coast at 70%, rates…

Daily News Egypt

Government negotiating with foreign partners to adjust price of gas from $3 to $4 per 1m BTUs

Decreased gas production is result of slowdown in partners’ development and exploration…

Daily News Egypt

Al-Sisi refuses to approve current draft for state budget, citing debt

President says that assistance from Gulf States was the reason Egypt survived…

Sara Aggour

Journalist sentenced to 5 years in prison for inciting sectarianism

Bishoy Armia charged with “reporting misinformation” and “depicting sectarian oppression”

Daily News Egypt

Government agencies owe petroleum ministry total of EGP 160bn: Ministry official

By Mohamed Adel Government agencies currently owe the Ministry of Petroleum a…

Daily News Egypt

Arab Union for Industrial Exports Development targets 20% growth: Secretary general

The company aims to raise exports of member states in light of…

Daily News Egypt

COMESA considers establishing waste recycling factory with €40m in investments: Company chairman

COMESA considers building the waste recycling factory through a coalition with Egyptian…

Daily News Egypt

ABB targets sales increase to EGP 2bn by year’s end

Swiss electrical hopes to raise sales in Egyptian market by 10% to…

Daily News Egypt