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

41.7%, increase in value of implemented operations in building and construction sector by private sector in 2016

The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued on Monday…

Nehal Samir

Parliament submits memorandum to El Molla for installment of gas factories’ debts

Investors demanded a 30-day letter of guarantee and an accounting for actual…

Abdel Razek Al-Shuwekhi

In midst of recession, clothes retailers call on Ministry of Supply to start sale season early

Only about 10% of displayed winter clothes have been sold, says head…

Noha Abd ElRahman

14% increase in volume of goods handled at Damietta Port in November

18% decrease in volume of exports due to decrease in exported fertilisers…

Mohamed Alaa El-Din

MSME finances 227,000 projects worth EGP 1.93bn in Beheira

Authority provided grants worth EGP 250m for implementation of labour-intensive infrastructure projects,…

Hossam Mounir

AlexBank signs cooperation protocol with IDA to finance industrial units acquired by SMEs

Protocol addresses IDA, Alex Bank’s mutual desire to boost industrial investments in…

Nehal Samir

Madinet Nasr Housing contracts, reservations surge 46% in 2017

Taj City, Sarai serve as a boost to company pre-sales book

Elsayed Solyman

Obsolete smartphones: deliberate short lifespans, throttling updates of older models

Mobile phone manufacturers opting for cheaper components in products, using more plastics…

Reem Hosam El-din

Elmasa to inaugurate Royal Hotel in New Beni Suef within 2 years

EGP 200m investments in Royal Square, first phase delivery in 2020, says…

Shaimaa Al-Aees