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

Banks’ credit facilities see EGP 226.6bn rise end of March, deposits up to EGP 3.930tn: CBE

Private enterprise sector denominates 60.8% of total facilities, with industry in lead,…

Hossam Mounir

Mozambican President Nyusi visits NWRC, discusses boosting bilateral cooperation

Egyptian irrigation minister briefed Nyusi on NWRC departments

Daily News Egypt

Seamless NA 2019: MerQ among top 5 emerging companies specialised in FinTech

MerQ's participation comes within the framework of supporting the state’s strategy and…

Daily News Egypt

EETC allocates EGP 9.8bn to implement strategic projects for transfer of electric power

Projects include Bord El Arab, Oweinat, south east coast lines

Mohamed Farag

Parliament approves Egypt’s largest-ever budget of EGP 1.6tn for FY20

EGP 326.8bn for health and education, EGP 301bn for wages, EGP 149bn…

Mohamed Samir

Boom in hotel occupancy in conjunction with AFCON

A member of the Chamber of Tourism, Waheed Assem, told Daily News…

Visa prevents approximately $25bn in fraud using AI

“One of the toughest challenges in payments is separating good transactions made…

Daily News Egypt

Inflation dynamics in Egypt, structural determinants vs transitory shocks

Specifically, we uncover the role of two significant determinants of long-running inflation…

Alyaa Stohy

HC Research expects Egypt’s inflation to reach 14.2% in FY 2019, 12.4% in FY 2020

CBE may resume interest rate cuts in Q4 of 2019, with a…

Hossam Mounir

RE/MAX achieves EGP 6bn sales in H1 of 2019

Director of Business Development at RE/MAX Egypt, Sherif Mahmoud, said the company's…

Shaimaa Al-Aees