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 plans ‘donor countries’ conference before year’s end

The Ministry of Planning has announced intentions to hold a conference for…

Abdel Qader Ramadan

EGAS, Sonatrach negotiating over 5 LNG shipments for electricity production

Delegation from Algerian firm set to arrive in mid-July to conclude proceedings

Mohamed Adel

North Africa approaching universal access to primary education: UN report

Primary education enrolment increased from 80% to 99% in North Africa over…

Doaa Farid

Cement production to be impacted by energy cuts and higher fuel prices

The government’s decision to cut natural gas subsidies to factories followed shortly…

Daily News Egypt

Beltone refuses sale rate offered from Hermes

Curtain draws on Beltone-Sawiris deal to purchase 20% stake in Hermes after…

Mohamed Ayyad

World Bank approves $500m loan for home gas delivery

The Ministry of Petroleum is looking to increase domestic natural gas usage…

Mohamed Adel

PepsiCo targeting expansion in Upper Egypt, Delta: GM, PepsiCo Egypt and North East Africa

The global food and beverage company seeks to expand its operations in…

‘No shame’ in Egypt using Israeli gas through British oil Company, after state’s approval: Petroleum minister

Egyptian government struggles to contain discontent of BG Group, which had to…

Mohamed Ayyad

Al-Sisi imposes additional 50% tax on cigarettes, 200% on beer

The tax on other alcoholic beverages, such as wine and spirits manufactured…

Planning ministry targets 14% investment growth, 3.2% economic growth for FY 2014/2015

Government seeks to increase investments to EGP 336.9bn, increase imports by 3.8%…

Sara Aggour