Latest Business News
Despite COVID-19, Egypt’s budget deficit drops to 7.8% in FY 2019/20
Minister of Finance Mohamed Maait said the country had achieved a primary…
NSB Board of Directors discuss restructure, development plans
El-Kabbaj said the meeting dealt with a range of topics, including the…
Egypt’s cattle trade season pressured by COVID-19 ahead of Eid Al-Adha
"My business has been affected because of coronavirus, as my purchase of…
AMOC records robust June sales despite COVID-19
AMOC noted that its total sales of petroleum products amounted to 14.5…
MTI results fall short of expectations for Q2 of 2020
The company reported a bottom-line of EGP 103m, down 13% year-on-year (y-o-y),…
Eastern Company targets 9% revenue growth in FY 2021
Eastern Company new budget targets a top-line of EGP 15.9bn, a growth…
Egypt Post, AOI cooperate on developing postal services
The two entities also agreed to manufacture 50 cars before the end…
Egypt’s auto market shows potential recovery as June sales surge 18%
This comes despite auto market sales in Q2 of 2020 reportedly being…
Egypt sees 36.2% decrease in May trade deficit: CAPMAS
The report, issued on Wednesday, noted that the country’s trade deficit stood…
EFG Hermes concludes advisory role in $50m sale of Fawry shares
EFG Hermes acted as sole bookrunner of the Fawry shares transaction on…