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

New taxes on mobile phone services

New tax includes an EGP 25 tariff on every SIM card sold

Liliana Mihaila

Egypt’s credit rating risks further devaluation

By Nasser Youssef Countries such as Egypt, who currently have a B…

Liliana Mihaila

EGAS: 18 companies partake in gas importation bid round

Results of the bid round to be announced in the first half…

Liliana Mihaila

Lower income, higher prices

Tax reforms signal the instigation of skyrocketing inflation

Liliana Mihaila

Price of engine oil doubles

Calls for the Ministry of Petroleum to set price ceilings on oil…

Liliana Mihaila

Foreign international reserves dwindle

During the month of December net reserves rose by $705 million

Liliana Mihaila

Djoser’s dilemma

Archaeologists are worried that renovations may cause the Djoser pyramid to collapse…

Fady Salah

Trade with Europe under threat

The Union of Egyptian Chambers of Commerce would be holding an emergency…

Liliana Mihaila

Cement factories suspend work due to energy shortage

Companies have been unable to import additional natural gas as a result…

Liliana Mihaila