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

Government resolves dispute with developer SODIC: Minister of Industry

Reuters - Egypt has settled a dispute with SODIC over the property…

Daily News Egypt

Dubai’s Emirates REIT expands IPO due to strong demand

Reuters - Dubai-based real estate investment trust Emirates REIT said it had…

Daily News Egypt

ADIB Egypt registers first positive net income since 2007

Net income improves by EGP 958m between 2012 and 2013, marking the…

Sara Aggour

Legislative amendments implemented to mitigate tax evasion

Necessary measures to combat tax evasion will be taken, finance minister says

Daily News Egypt

Reservations of 50,000 residential units to be accepted by mid-April

Construction of the units, which is part of Egypt’s social housing programme,…

Doaa Farid

Time running out to meet global warming target: UN report

Temperature rises would sharply raise risks to food and water supplies and…

Daily News Egypt

Barclays to sell UAE retail ops to Abu Dhabi Islamic Bank for $177m

Reuters - Barclays has agreed to sell its retail banking operations in…

Daily News Egypt

Government attempts to mitigate negative impact of coal usage

Violations of environmental standards will be met with taxes and tight penalties,…

Doaa Farid

Cabinet tackles energy, construction issues; investor disputes

Cabinet approves investor settlement and petroleum agreements, allocates money for electricity and…

Sara Aggour

Ministry of Transportation signs $800m MOU with China for railway project

Project will construct first electric traction railway system in Egypt

Sara Aggour