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

Ministry of Finance secures $500m in health, education financing with multi-party guarantee

The Ministry of Finance has secured $500m in new development financing to…

Daily News Egypt

ADCB leads pack with 35% market share

In a dynamic banking landscape, smaller banks continue to outpace their larger…

Daily News Egypt

ADIB Egypt among five fastest-growing banks listed on EGX: CEO

27.21% growth in total assets during 9M 2023

Amany Radwan

Digital services, customer satisfaction put CIB in the lead

Digital services have become indispensable in the banking sector, significantly influencing customer…

Daily News Egypt

Faisal Islamic Bank leads tier-1 capital adequacy index at 27.5%

The capital adequacy ratio of the Egyptian banking sector decreased in 2022…

Daily News Egypt

AIB tops loan growth among banks, driven by institutional financing

NBE ranks second despite its huge portfolio, thanks to loans to major…

Daily News Egypt

Egypt’s outstanding balances of T-bills, T-bonds reach EGP 4.961trn by September end

Amount includes EGP 2.605trn in treasury bills and EGP 2.355trn in bonds,…

Hossam Mounir

IATF 2023: Afreximbank earmarks $1bn to support African Collaborative Transit Guarantee Scheme

Scheme accelerate cross-border trade in Africa and save continent about $300m annually…

Shaimaa Al-Aees

ACWA Power, Masdar, and SOCAR to develop 500MW of renewable energy projects in Azerbaijan

ACWA Power, the world’s largest private water desalination company and a leader…

Shaimaa Raafat

BEEAH, SIRC, and ALMQR join forces to create sustainable waste management company in Madinah

BEEAH, the Middle East’s leading sustainability and digitalisation pioneer, has signed an…

Shaimaa Raafat