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

Dues owed to foreign oil and gas companies reach $6.3bn in July

Dues owed to foreign oil companies reached a total of $6.3bn this…

Mohamed Adel

Abu Trika’s bank account frozen for not paying taxes: Finance ministry official

Account freezing is “a normal step taken with anyone”, the official says

Sara Aggour

Egypt seeking to provide next payment tranche to foreign petroleum partners

Delays in payments have hindered development, exploration and production in oil fields

Daily News Egypt

Rise in Egyptian food prices due to subsidy cut: FAO

FAO expects cutting fuel subsidies to outweigh impact of global increase in…

Daily News Egypt

Use of electronic payments to pay taxes increases GNP by 0.75% per annum: eFinance study

Electronic payments for taxes increase GNP by 0.75% per annum due to…

‘Long Live Egypt Fund’ receives over EGP 400m in donations

Latest donation was from a Saudi businessman who contributed EGP 214m to…

Doaa Farid

Non-oil exports hit $11.8bn since beginning of 2014

Exports continue to rise for the second consecutive month, after a series…

Abdel Qader Ramadan

Q3 of FY 2013/2014 witnessed rises in foreign and domestic debt

Foreign debt recorded at $45.3bn, while domestic debt reached EGP 1.7tn

Sara Aggour

Strengthening Saudi-Egypt ties reflected in increased exports

Construction material and engineering and electronic goods topped exports to Saudi Arabia…

Sara Aggour