Latest Business News
Egyptian pound weakens at Central Bank dollar sale
Dollar shortages have been fuelling a thriving black market.
Mobile licence offered to Telecom Egypt for $360m: Ministry
It has been waiting to launch a new mobile operation that would…
Smartcard company complains of delay In Egyptian subsidy cut scheme
Fuel subsidies account for a fifth of state spending, but one cash-strapped…
Minister of Communication talks strategy with American, Polish and Ugandan counterparts
At the World Telecommunications Development Conference, Atef Helmy calls for international cooperation…
Online shopping on the rise in Egypt: MasterCard
Souq, Jumia, Amazon and Facebook the most commonly used online shopping websites
Major economies end first quarter on weaker note
Reuters - Major economies in Asia and Europe finished the first quarter…
1H FY 2013/2014 BOP registers $2bn surplus
The current account balance came in at $755.8m, down from $757m registered…
Assiut power station project receives $106m loan from KFAED
The loan has a 2.5% fixed interest rate to be paid over…
TransCentury sells Rift Valley Railways stake to Egypt’s Citadel
Reuters - Kenya’s TransCentury said on Tuesday that it has sold its…
Saudi Arabia’s NCB plans capital hike before IPO
Reuters - National Commercial Bank, Saudi Arabia’s biggest bank by assets, plans…