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

Government will completely abolish electricity subsidies in 2022: Shaker

Hiking prices is unrelated to IMF loan, signing of Dabaa contracts within…

Mohamed Farag

Pound strengthens due to market supply and demand mechanism: Amer

The CBE governor told the president that the bank didn’t intervene to…

Daily News Egypt

Banks consider impact of CBE’s decision to hike interest rates this week

CBE’s decision aims to curb inflation and ease its impacts after moving…

Hossam Mounir

Wind and sun turn on US nuclear energy

The US has reached a tipping point in its energy consumption, as…

Deutsche Welle

UK businesses lobby for ‘transitional’ Brexit deal

Britain's business leaders are to pressure the country's Brexit minister to secure…

Deutsche Welle

Tesla to build world’s largest battery in Australia

Billionaire Tesla owner Elon Musk is to make good on a promise…

Deutsche Welle

Berlin-based SoundCloud lays off almost half its staff

The audio version of YouTube has confirmed a major cost-cutting exercise is…

Deutsche Welle

CBE raises interest rates 2% for second time in 2 months

Deposits increased to 18.75%, loans to 19.75%

Daily News Egypt

German expert to formulate integrated, feeding industries strategy

The ministry will withdraw lands from investors that are not serious

Mohamed Samir

18-42% increase in electricity prices

EGP 19.4bn were allocated to increase electricity production

Mohamed Samir