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

Egypt, Saudi Arabia to decide on electricity interconnection tenders next month

Relations between the two countries were not affected, says Abdel Rahim

Mohamed Farag

Egypt must tackle inflation risks: Lagarde

“Other reforms have to continue, but there has to be a special…

Hisham Salah

Ministry starting operations of 5 tanneries end of May

The Establishment and Facilitating of Industrial Zones Fund has allocated EGP 200m…

Shaimaa Al-Aees

Investment minister discusses increasing IFC finances

Egypt used $700m of its $2bn cooperation portfolio at the IFC between…

Hisham Salah

IDA extends application period for Raswa complex until 4 May

The authority increased the period of application submission because there was a…

Nihal Mounir

New EJB board of directors to be elected 2 May

11 members to be chosen from 21 candidates of EJB United Alliance…

Hossam Mounir

Government wants World Bank to accelerate approving loan’s 3rd tranche

Egypt also asked the World Bank to expand its financing for developing…

Hisham Salah

HCWW negotiates to finance Lake Qaroun project with €300m

The Holding Company for Water & Wastewater (HCWW) is currently negotiating with…

Mohamed Farag

Banks’ foreign trade operations worth $28bn between flotation and 10 April

Documentary credits opened for $9bn, repayment of other collection and credit documents…

Hossam Mounir

Jumia working to establish logistics centres in governorates for same-day deliveries

Mobile sales in Egypt amounted to 16.8 million devices for $2.9bn in…

Mohamed Alaa El-Din