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

Central Bank of Egypt says food major driver of December 2022’s inflation of 21.3%

Annual headline urban inflation recorded an average of 13.9% in 2022 compared…

Hossam Mounir

People & Places awards EGP1.6bn construction contracts for its North Coast development in Ras El Hekma; THE MED

People & Places, next-generation community maker, has announced the signing of contracts…

Daily News Egypt

HDB directs 25% of credit portfolio to SMEs

Supporting these projects top priority in bank's strategic plan: Hassan Ghanem

Hossam Mounir

Finance Minister denies reports of new taxes on economic activities

We are keen on stabilizing tax policies despite harsh global economic challenges:…

Daily News Egypt

Egypt to receive second tranche of 46-month IMF loan next March 

IMF downgrades Egypt’s economic growth forecast to 4% in FY2023

Nehal Samir

US dollar continues appreciation against Egyptian currency, exceeding EGP 29

The International Monetary Fund (IMF) stressed on Tuesday that the Central Bank…

Hossam Mounir

4th Edition of Startups Without Borders Summit to return to Cairo on February 2023

Since 2018, Startups Without Borders has been building world-class events where diversity…

Daily News Egypt

Government postpones costly projects after local currency depreciation

The measures, detailed in the government’s official gazette, include stopping spending on…

Daily News Egypt

Dollar exchange at CBE increases by over EGP 0.50 on Monday

Dollar exchange records EGP 27.5538 for buying and EGP 27.6256 for selling

Hossam Mounir

Azimut Egypt aims to launch gold investment fund next February

Ahmed Abul-Saad, managing director of Azimut Egypt, revealed that the fund is…

Fatma Salah