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

Egypt to construct deepwater drilling rig via $900m from Bank of Japan

Ministry of Petroleum says the project will be carried out by the…

Doaa Farid

Egyptian Gulf Bank gives EGP 300m to low-income housing project

The bank is one of several supporting the construction of 10,000 housing…

Daily News Egypt

Egypt sees deficit at 14-14.5% of GDP next fiscal year if no reforms implemented

Reuters  - The Egyptian government sees its budget deficit, if it does…

Daily News Egypt

Egypt’s Al Nouran sugar project secures Islamic financing

Reuters - Egypt’s Al Nouran sugar production facility, an EGP 2.5bn ($357m)…

Daily News Egypt

UK’s BG Group’s CEO quits, firm warns on production

Reuters - BG Group’s chief executive resigned on Monday as the British…

Daily News Egypt

Banglalink digital issues $300m bond

Reuters - Egypt’s Global Telecom Holding said on Monday its Bangladeshi subsidiary…

Daily News Egypt

Lebanon’s Audi says Q1 net profit $85.8m

Reuters - Lebanon’s Bank Audi reported first-quarter net profit of $85.8m on…

Daily News Egypt

Egypt places 91st in Global Information Technology report, declining 11 spots

Country is still lagging behind in development of ICT infrastructure, report notes

Sara Aggour

Giza governor announces EGP 7.5m project to boost tourism

Ministries of Tourism and Antiquities will bear the cost and the implementation…

Doaa Farid

Citadel Capital sells 66.12% stake in Sudanese Egyptian bank

Investment company sells its stake in the Sharia-compliant bank to Islamic Solidarity…

Sara Aggour