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

Net consolidated profits of QNB end of June 2019 reach EGP 4.217bn

Bank accounts for 7.82% of loans, 5.17% of deposits in Egyptian banks…

Hossam Mounir

Tourism sector accounts for 20% of Egypt’s GDP: Al-Mashat

Al-Mashat explained that Egypt has 3 million people working in the tourism…

Daily News Egypt

Facebook to be fined $5bn for privacy violations 

Neither Facebook nor FTC commented on matter so far

Daily News Egypt

Egypt implements 7 refinery projects with $8.031bn in investments: El-Molla

Refineries have pivotal role in transforming Egypt into regional energy hub, says…

Mohamed Adel

Steigenberger to open 2 new hotels in Taba, Luxor by year-end

Hotel optimistic about tourism growth in Egypt this year

Nehal Samir

HOTAC targets EGP 4.2bn revenues in 2019/20 budget, net profit of EGP 1.2bn

El-Lisan Hotel-Ras El bar opens July with EGP 230m investments, Shahrazad Hotel…

Alyaa Stohy

Share of Fawry offered in EGX before end of 2019 through partial exiting of investors

FV of company's shares being determined before approval, completion of offering procedures:…

Alyaa Stohy

Initial surplus in Egypt’s budget EGP 58.2bn in 11 months: Ministry of Finance 

Meanwhile, Egypt achieved an initial surplus of only EGP 1.9bn during the…

Nehal Samir