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

Tourism ministry refuses tax for historical hotels based on market value: Official

Ministries of Finance and Tourism negotiate estate tax calculation measures for historical…

Abdel Razek Al-Shuwekhi

Egypt targets 20% growth in tourist numbers by end of 2015: Minister of Tourism

Tourism ministry targets 12 million tourists during next year within ministry’s recovery…

Abdel Razek Al-Shuwekhi

E-commerce fraud spreads in Egypt, lack of counter-fraud laws: CPA head

Consumer Protection Agency demands Egyptian Telephone Directory filter its database to cut…

Shaimaa Al-Aees

Surplus in Egypt-Algeria trade balance in Egypt’s favour

The surplus is equivalent to approximately $43m, where in 2013 trade balance…

Menna Samir

Germany to allocate Є100mdevelopment cooperation to Egypt: Ambassador

German companies need additional information about the investment climate from the Egyptian…

Daily News Egypt

Chinese ‘antiquities’ scattered in Egyptian bazaars

Many tourist bazaars were closed, abandoned by tenants or turned into cafes,…

Shaimaa Al-Aees

1H of FY 2014/2015 sees tax revenue rise, decreasing budget deficit growth: Finance ministry

Financial grants recorded EGP 7.8bn in 1H FY 2014/2015 compared to EGP…

Doaa Farid

6-year-high in capital market, EGX-30 reaches 10,055 points

13 companies listed during 2014, new listings expected in 2015

Sara Aggour

Qalaa Holding exits shares in Pharos Holding

Deal has been valued at EGP 40m

Doaa Farid

Dollar stable at EGP 7.53 at CBE, EGP 7.63 at NBE

Rate ranges between EGP 7.8 to EGP 8 in unofficial market.

Sara Aggour