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 gains after central bank cuts reserve ratio

By Reuters CAIRO: Commercial International Bank and other financials lifted Egypt's main…

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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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