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

Rowad 2030 Project to establish 50,000 new start-ups

Cooperation, integration between institutions that support entrepreneurship needed

Mohamed Alaa El-Din

Environment Minister highlights preparations of “Road to COP27” summit in Sharm El-Sheikh

Egypt recently launches National Climate Change Strategy 2050

Daily News Egypt

ADCB – Egypt sees sturdy jump in net profits of 68% in 1Q 2022

Bank achieves tangible progress in implementing its five-year strategy to enhance brand…

Daily News Egypt

ABE Chairperson, New Valley Governor open recently developed bank branch in Kharga

ABE’s top priority is to support financial inclusion, in implementation of CBE’s…

Hossam Mounir

EBRD offers $25m in finance to SMEs in Egypt through EBank 

EBank staff will also receive training and capacity-building opportunities to better serve…

Daily News Egypt

CBE explains its reasoning for raising interest rates by 2%

MPC decided that raising policy rates is necessary to contain inflationary pressures,…

Hossam Mounir

Egypt raising interest rates to curb inflation comes as surprise: Bloomberg

The CBE decided to implement the largest raise in interest rates in…

Daily News Egypt

Decision to raise interest rate was expected, necessary to control inflation rates: General Division for Communications

Saeed added that the communications and information technology sector will be slightly…

Mohamed Alaa El-Din

CBE’s interest rate hike to slowdown industrial investments

This is because it hikes the cost of lending by proxy, and…

Daily News Egypt

How will the capital market respond to the CBE’s decision to raise interest rates?

The global interest rate hike caused a shock in the financial markets

Fatma Salah