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

Vicat aims to achieve profit early next year

Vicat acquired Sinai Cement, located near Al-Arish City, in 2003. Sinai Cement…

Shaimaa Al-Aees

Stability, promotion campaigns have revived tourism in Egypt: UNWTO

The tourism sector in Egypt suffered a downturn since the 2011 revolution,…

Nehal Samir

Electricity Ministry aims to obtain land plot for pumped-storage plant

The technical aspects of the project were reviewed in cooperation with Artelia,…

Mohamed Farag

Bank Audi Egypt seeks to strengthen its presence in Egyptian market

Bank can support its presence among largest financial institutions in Egypt, Middle…

Hossam Mounir

Egyptian pound continues value upward trend against US dollar

US currency lost over EGP 1 since beginning of 2019, including 34…

Hossam Mounir

Majid Al Futtaim’s investments in Egypt amount to EGP 700m in 2019

Company to inaugurate integrated mall in Madinat Nasr year-end with investments worth…

Nehal Samir

CBE encourages banks to invest in funds for emerging small businesses

Decision comes complementary to previous efforts by CBE to support MSMEs, says…

Hossam Mounir

Egypt considers two takeover offers for Siemens power plants

Government sources told Daily News Egypt that the ministerial committee, formed in…

Mohamed Farag

Finance Ministry targets $1bn worth financing for energy sector

Ministry, JICA to ink MoU for future cooperation in health, energy

Hagar Omran

IWAN launches 2 projects in Ain Sokhna, New Cairo

Company has achieved EGP 4bn in sales during 2018, says CEO

Shaimaa Al-Aees