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

Lufthansa Group to operate an Airbus 330 aircraft to Egypt this summer

Company now operates flights to Red Sea from Belgium, Germany and Switzerland,…

Shaimaa Al-Aees

UAE approved Uber’s acquisition of Careem

UAE currently 1st country in relevant markets to grant approval of Uber’s…

Nehal Samir

China appoints new ambassador to Egypt

Liao Li Qiang to meet president Al-Sisi for his credentials soon

Hagar Omran

Egypt, France negotiate over €35m in new funding for agricultural SMEs

Local authorities have ambitious plans to develop agriculture sector, says French ambassador

Hagar Omran

Banks operating in Egypt post net profit of EGP 39.29bn end-March

Top 5 banks denominate 74.48% of profits, top 10 account for EGP…

Hossam Mounir

EIPICO starts acquisition measures of 9.77% stake of MUP for over EGP 200m

New financial adviser appointed to assess fair value of deal before sending…

Alyaa Stohy

Global Telecom settles $136m tax dispute

Veon declines GTH offer price to EGP 5.08m after new tax settlement

Alyaa Stohy

El-Lahun Pyramid to be opened for 1st time

Although the pyramid has been closed since its entrance was discovered up…

Bassant Mohammed

Egypt aims to export $2bn worth of gas FY 2019/20

Linking North Alexandria, Zohr, Borolos fields raises local production, says government source

Egypt fixes tariff for solar power plants usufruct rights at 2% of production

Six companies approached signing of contracts with governorates to establish stations worth…

Mohamed Farag