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

United Bank shifting from losses to profits, earning over EGP 1bn: chairperson

Bank injected EGP 136m to 1,800 low- and middle-income mortgage financing clients,…

Hossam Mounir

Suez Canal Bank’s financial position stands at EGP 45.3bn end-September: chairperson

Syndicates loans up by EGP 1.8n to EGP 4.8bn, as bank jointly…

Hossam Mounir

Eni spends $1bn for Zohr’s offshore drillship rental

Drilling of one well in Shorouk concession takes around 60 days

Mohamed Adel

Government-owned, private banks reduce investments in T-bills by EGP 31.2bn in November 2018: CBE

Foreign banks working in Egypt take different stance, increase investments by EGP…

Hossam Mounir

Ministry of Manpower targets to reduce Egypt’s unemployment to 8.5% in 2019

Strong cooperation with private employers, investors, to increase job opportunities in their…

Daily News Egypt

CBE’s sets inflation target at 9% on average during Q4 of 2020

Core inflation slipped to 7.9% in November from 8.9% in October 2018,…

Fatma Elkholosy

12% increase in Egypt’s non-life insurance premiums in 11 months: FRA

IFE aims to double premiums in Egyptian insurance in 3 years, says…

Nehal Samir

10.8% increase in Egypt`s exports in 11 months: Nassar

Consumer-made commodities do not exceed 7% of Egypt’s imports, says fedcoc secretary…

Nehal Samir

Afreximbank, African Guarantee Fund sign $30m re-guarantee facility to support African SMEs

Facility expected to sustain positive social-economic changes among over 6,000 SMEs, hence…

Daily News Egypt

ODE sells stake in both Royal Azur, Club Azur Hotels, land plot in Makadi for EGP 408m

"Conclusion of sale is solid testament to our continuous delivery of our…

Daily News Egypt