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 loses LE 4 bln to illicit cigarette trade

By Reem Abdellatif CAIRO: Egypt is losing LE 4 billion (about $662 million)…

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Developing nations to name two candidates for World Bank

By Lesley Wroughton / Reuters WASHINGTON: Nigerian Finance Minister Ngozi Okonjo-Iweala and former…

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Egypt’s Citadel to grow staple crops in South Sudan

By Ulf Laessing / Reuters JUBA: A unit of Egyptian private equity firm…

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IMF chief says world back from financial ‘abyss’

By AFP NEW DELHI: IMF chief Christine Lagarde said Tuesday the global…

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Egypt central bank lowers reserve requirement on deposits

By Patrick Werr / Reuters CAIRO: Egypt's central bank cut its reserve requirement…

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Egypt to sell land to expats, cut budget deficit

By Reuters CAIRO: Egypt will launch a scheme on Saturday to reduce its…

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Egypt climbs on optimism for Mobinil deal

By Reuters CAIRO: Egypt's main index edged higher, lifted by property stocks…

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Egypt’s rice export ban only benefits smugglers

By Maha El Dahan and Sherine El Madany / Reuters ABU DHABI/CAIRO: Smugglers…

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Water deficit may cost Egypt $11 bln annually: World Bank

By Reem Abdellatif CAIRO: The world’s water deficit will grow to 200 billion…

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Japan gives Egypt $393 mln to fund fourth metro line

By Reem Abdellatif CAIRO: Egypt accepted a $393 million loan from the Japan…

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