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

DNE News Brief: 10 January 2017

https://youtu.be/5erfAjVH_e8

Daily News Egypt

Automotive industry strategy postponed indefinitely

Automotive companies call the decision “catastrophic”

Abdel Razek Al-Shuwekhi

Egypt, Russia agree on bank guarantees and credit packages for Dabaa nuclear power plant

Negotiations continue on fuel saving, technical support, and operation guarantee, says source

Mohamed Farag

Prime Minister defines conditions for granting free industrial lands in Upper Egypt

Decision prioritises labour-intensive and exporting projects that rely on local components

Daily News Egypt

Egypt’s exports to Lebanon increase by 65%: Minister of Industry and Trade

Minister of Industry and Trade Tarek Kabil said that Egyptian exports to…

Hisham Salah

ADES to register in London Stock Exchange, Hermes possible IPO manager

Baker McKenzie and White & Case are legal advisers

Ahmed Farahat

Annual inflation rate records 24.3% in December, expected not to fall below 20%

The annual Inflation rate hiked to 24.3% in December, compared to 20.2%…

Hisham Salah

Electricity Ministry postpones 3 tender offers to establish renewable energy plants

The projects include Kom Ombo, wind, and solar energy plants west of…

Mohamed Farag

Petroleum Ministry asks for $270m per month for gas imports

Cancelation of third gasification vessel tender saved $120m per month, says source

Mohamed Adel

Military Production Ministry signs contract with NI Capital to restructure companies incurring losses

Military Production Ministry to administrate ration system by end of January, says…

Hossam Mounir