Latest Business News
Ras El Hekma project to boost North Coast as Egypt’s second-largest real estate market: Savills
Savills Egypt, the local branch of the leading global real estate advisor,…
Stock market indices react differently to Central Bank’s 6% rate hike
Stock indices rise with dollar appreciation: Fathallah
Tanmiya Capital Ventures to launch second fund targeting medium-sized enterprises
Tanmiya Capital Ventures, a leading investment firm in Egypt, is preparing to…
Local gold prices soar amid confusion after CBE raises interest rates, floats pound
One gram of 21-carat gold costs EGP 3,200
Egypt floats pound, raises interest rates by 6% to tackle inflation
The Central Bank of Egypt (CBE) announced a two-pronged approach on Wednesday,…
EGP liberalisation: New phase of economic reform, growth
The chairperson of the Egyptian Businessmen’s Association, Ali Issa, said that the…
Dollar soars to EGP 49.5 on first day of exchange rate liberalisation
The Egyptian pound plunged against the US dollar on Wednesday, as the…
CBE decisions strike blow to black market, say banking experts
Experts praise move as crucial, positive step to eliminate speculation
NBE, Banque Misr launch new savings certificates with up to 30% return
Yield of some certificates, loan products increases automatically after CBE decides to…
Egypt, IMF agree on $8bn expanded loan package
The International Monetary Fund (IMF) announced Wednesday an expansion of its loan…