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

€100m French finance facility to develop El-Raml tram

The new project will cost €360m and serve 100 million passengers annually

Elsayed Solyman

SODIC achieves total revenues of EGP 703m in Q1

SODIC records triple digit growth in profit, estimated at EGP 211m

Shaimaa Al-Aees

Boost in Orascom Hotels revenues in Q1 2017

Company’s revenues increased by 73.9%, from EGP 284m in Q1 2016 to…

Reem Hosam El-din

Minister of Trade discusses investment opportunities with Chinese companies

Hawtai is considering injecting investments worth $1bn in projects for manufacturing cars…

Daily News Egypt

France fines Facebook over ‘targeted advertising’

French regulator CNIL has penalized the US social network for failing to…

Deutsche Welle

Egypt’s business climate improving, challenges remain: Capital Economics

New Investment Law is a positive step towards improving the dire business…

Elsayed Solyman

Zohr field investments amount to $16bn

Minister of Petroleum and Mineral Resources Tarek El Molla said that the…

Daily News Egypt

Egypt, Russia to sign final contracts for $30bn Dabaa nuclear power plant within 2 months

The government is set to complete the $30bn agreement with Russia regarding…

Daily News Egypt

Eurozone economy grows at unspectacular rate

The 19 nations sharing the euro have logged a moderate GDP growth…

Deutsche Welle

Egyptians invest their dollars into real estate, pushing prices up 40% since flotation

Demand keeps growing despite unjustified price hikes, says head of Building Materials…

Shaimaa Al-Aees